Industrial Internet

General Electric technologies
Introduction

General Electric (GE) already started developing sensors to be incorporated into industrial equipment to collect and analyze data with software. One of General Electric’s most famous belief on the Industrial Internet is the “power of one percent”: the company believes that using sensors and software to make current industrial procedures and equipment just 1% more efficient will result in billions of saving for its customers. Internet is enhancing worldwide connectivity, offering advanced computing, analytics and low-cost sensing technology. The global industry has recently started to consider the potential benefits of a deeper meshing of the digital world with the world of machines, also affecting the way many of us do our jobs. These innovations promise to bring greater speed and efficiency to industries as diverse as aviation, rail transportation, power generation, oil and gas development, and health care delivery, holding the promise of stronger economic growth, better and more jobs and rising living standards. This new wave of innovation could boost global GDP by as much as $10-15 trillion over the next 20 years, through accelerated productivity growth.

Solution description

The Industrial Internet is the digitalization of the industrial value chain, the implementation of digital solutions promoting more integrated, connected and efficient supply chain around the globe. The Industrial Internet is the result of a profound transformation in the global industry, connecting more machines that are intelligent, advanced analytics, and people at work. People at work and the way they work are an essential element of this revolution, bringing greater efficiency, lower costs, and ultimately more and better jobs and rising living standards. The Industrial Internet will transform the way we work, leveraging on:

  • Intelligent machines enabling self-monitoring and transmission of sensor data for preventative maintenance purpose
  • Advanced Analytics that support the analysis and transmission of valuable data in real time to optimize operations
  • People at work empowering, helping workers to gather and process more information more quickly

Benefits

The benefits associated with this revolution are the result of major improvements in how information flows and is processed:

  • Thanks to data segmentation and filtering, relevant information workers need to perform their tasks will automatically reach them, so that they will no longer waste precious time looking for it
  • Collaboration is promoted through remote working solutions in real time
  • More reliable and real-time analytical insights optimize operational performance (e.g. power grids, gas pipelines networks, fleets of aircrafts or trains, hospitals, etc.)
  • Enhanced prediction for maintenance drastically reduce maintenance costs and time, while improving capacity utilization