Representative End User Clients
Representative Automation Clients
Representative Software Clients
One of GE's primary focusses today is to deploy IIoT as a conduit to help industrial companies increase production efficiency, improve execution, and optimize their respective businesses. This optimization helps solve two of the biggest challenges facing manufacturers: improving overall asset performance, and preventing or minimizing unscheduled downtime. GE feels that the proof is in the success it has experienced in its own factories, where the company has applied IIoT technologies to improve manufacturing production performance. It has used IIoT to collect, aggregate, and integrate data from design to service, and leveraging analytics to support real-time decisions and actions. This approach is the basis behind GE’s Predix platform for secure edge-to-cloud IIoT connectivity and advanced analytics.
However, can IIoT also be applied to help new companies that form as a result of partnerships achieve synergies to reduce costs and increase capabilities? GE feels that it can, and is putting its words into action with its recent deal with Baker Hughes.
GE and Baker Hughes announced that the two companies have entered into an agreement to combine GE's oil and gas business with Baker Hughes to create a global oilfield technology provider. The "New" Baker Hughes will be a major equipment, technology and services provider in the oil and gas industry with $32 billion of combined revenue and operations in over 120 countries. Baker Hughes shareholders will receive a special one-time cash dividend of $17.50 per share and 37.5 percent of the new company. GE will own 62.5 percent of the company, which will be a new NYSE listed corporation. The transaction is expected to close in mid-2017.
The new company will combine GE’s digital industrial technology and Baker Hughes' capabilities in oilfield services. It will provide physical and digital technology solutions, much of which will be enabled by IIoT. The new company will combine the digital solutions, manufacturing experience and technology from the GE Store and the deep experience Baker Hughes has in the oilfield services sector. The combined product portfolio of GE Oil & Gas and Baker Hughes in drilling, completions, production and midstream/downstream equipment and services will create the second- largest player in the oilfield equipment and services industry. From GE's fullstream oil and gas manufacturing and technology solutions spanning across subsea & drilling, rotating equipment, imaging and sensing; to the Baker Hughes portfolio in drilling & evaluation and completion & production, the combined company will be moving beyond oilfield services and into oil and gas productivity solutions, all connected and enabled by IIoT.
GE uses it's Predix platform as it's IIoT conduit. The primary components of the Predix architecture include Predix Machine, a software layer that enables communication with the industrial asset, and the Predix Cloud. This also includes local applications, such as edge analytics, sensors, and industrial controllers that can be installed on factory gateways. Predix Connectivity provides a service that allows machines to talk to the Predix Cloud via a virtual network comprised of cellular, fixed line, and satellite technologies. This service is for situations where a direct Internet connection is not readily available. Predix Cloud, a secure global cloud infrastructure, is optimized for industrial workloads and meets regulatory requirements.
Developers can use Predix Services to build, test, and run IIoT applications. Predix provides a micro-services marketplace in which developers can publish their own services, and end users can consume these services. The developer community for Predix includes over 2,200 developers and over 25 early adopter projects for various customers, systems integrators, and OEMs.
For new companies that form as a result of partnerships to succeed, it is important to deploy technology to help leverage each and every asset that the origin companies bring to the table. However, to succeed at this, the origin companies must be “on the same page,” from top to bottom, and have the tools to help achieve this objective. IIoT is an enabling technology that can help these new companies to be more successful. We are learning more about the new Baker Hughes, as well as the latest Predix success stories, at this weeks GE Minds and Machines Event. Through strategic acquisitions, such as Meridium, and organic growth, GE has reinvented itself as a predominantly digital industrial company by developing IIoT-based solutions, the Predix platform, its Brilliant Manufacturing Suite, and an ecosystem of partnerships.
GE has re-invented many of its own factories with these solutions and IIoT and has seen the impact on its own bottom line results. GE is deploying these solutions for other manufacturers and the company is demonstrating and showcasing many of them at Minds and Machines this week.
However, can IIoT also be applied to help new companies that form as a result of partnerships achieve synergies to reduce costs and increase capabilities? GE feels that it can, and is putting its words into action with its recent deal with Baker Hughes.
GE and Baker Hughes announced that the two companies have entered into an agreement to combine GE's oil and gas business with Baker Hughes to create a global oilfield technology provider. The "New" Baker Hughes will be a major equipment, technology and services provider in the oil and gas industry with $32 billion of combined revenue and operations in over 120 countries. Baker Hughes shareholders will receive a special one-time cash dividend of $17.50 per share and 37.5 percent of the new company. GE will own 62.5 percent of the company, which will be a new NYSE listed corporation. The transaction is expected to close in mid-2017.
The new company will combine GE’s digital industrial technology and Baker Hughes' capabilities in oilfield services. It will provide physical and digital technology solutions, much of which will be enabled by IIoT. The new company will combine the digital solutions, manufacturing experience and technology from the GE Store and the deep experience Baker Hughes has in the oilfield services sector. The combined product portfolio of GE Oil & Gas and Baker Hughes in drilling, completions, production and midstream/downstream equipment and services will create the second- largest player in the oilfield equipment and services industry. From GE's fullstream oil and gas manufacturing and technology solutions spanning across subsea & drilling, rotating equipment, imaging and sensing; to the Baker Hughes portfolio in drilling & evaluation and completion & production, the combined company will be moving beyond oilfield services and into oil and gas productivity solutions, all connected and enabled by IIoT.
GE uses it's Predix platform as it's IIoT conduit. The primary components of the Predix architecture include Predix Machine, a software layer that enables communication with the industrial asset, and the Predix Cloud. This also includes local applications, such as edge analytics, sensors, and industrial controllers that can be installed on factory gateways. Predix Connectivity provides a service that allows machines to talk to the Predix Cloud via a virtual network comprised of cellular, fixed line, and satellite technologies. This service is for situations where a direct Internet connection is not readily available. Predix Cloud, a secure global cloud infrastructure, is optimized for industrial workloads and meets regulatory requirements.
Developers can use Predix Services to build, test, and run IIoT applications. Predix provides a micro-services marketplace in which developers can publish their own services, and end users can consume these services. The developer community for Predix includes over 2,200 developers and over 25 early adopter projects for various customers, systems integrators, and OEMs.
For new companies that form as a result of partnerships to succeed, it is important to deploy technology to help leverage each and every asset that the origin companies bring to the table. However, to succeed at this, the origin companies must be “on the same page,” from top to bottom, and have the tools to help achieve this objective. IIoT is an enabling technology that can help these new companies to be more successful. We are learning more about the new Baker Hughes, as well as the latest Predix success stories, at this weeks GE Minds and Machines Event. Through strategic acquisitions, such as Meridium, and organic growth, GE has reinvented itself as a predominantly digital industrial company by developing IIoT-based solutions, the Predix platform, its Brilliant Manufacturing Suite, and an ecosystem of partnerships.
GE has re-invented many of its own factories with these solutions and IIoT and has seen the impact on its own bottom line results. GE is deploying these solutions for other manufacturers and the company is demonstrating and showcasing many of them at Minds and Machines this week.