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GE Announces Predix Cloud

As a digital industrial company focused on answering the unique needs and scale of customers across aviation, energy, healthcare and transportation, GE has announced plans to enter the cloud services market with Predix Cloud. The worlds first and only cloud solution designed specifically for industrial data and analytics, this platform-as-a-service (PaaS) will capture and analyze the unique volume, velocity and variety of machine data within a highly secure, industrial-strength cloud environment.

Predix Cloud will drive the next phase of growth for the Industrial Internet and enable developers to rapidly create, deploy and manage applications and services for industry. With $4B in software revenues in 2014 and projected software revenues of $6B in 2015, GE continues to grow its investment in software.

Cloud computing has enabled incredible innovation across the consumer world. With Predix Cloud, GE is providing a new level of service and results across the industrial world, said Jeffrey Immelt, CEO of GE. A more digital hospital means better, faster healthcare. A more digital manufacturing plant means more products are made faster. A more digital oil company means better asset management and more productivity at every well. We look forward to partnering with our customers to develop customized solutions that will help transform their business.

Predix Cloud will enable operators to use machine data faster and more efficiently, saving billions of dollars annually. By combining GEs deep domain expertise in information technology (IT) and operational technology (OT), GEs Predix Cloud will deliver advanced tools like asset connectivity, machine data support and industrial-grade security and compliance.

A cloud built exclusively to capture and analyze machine data will make unforeseen problems and missed opportunities increasingly a complication of the past, said Harel Kodesh, Vice President, General Manager of Predix at GE Software. GEs Predix Cloud will unlock an industrial app economy that delivers more value to machines, fleets and factories – and enable a thriving developer community to collaborate and rapidly deploy industrial applications in a highly protected environment.

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