GE and Oracle announced a strategic partnership focused on building a first of its kind platform for companies to digitally connect industrial assets across the world.
Through this collaboration, GE Digital and Oracle will develop and integrate complementary solutions across their product portfolios. GE Digital brings its Predix offering that combines cutting-edge technology and decades of industry experience into a Platform-as-a-Service (PaaS) targeted to securely ingest machine-grade data at scale and analyzes it to quickly deliver outcomes. The Predix platform is purpose-built for developing, deploying, operating, and monetizing Industrial Internet applications. Oracle's enterprise solutions, including its Oracle Cloud Platform, Oracle Cloud Applications and ERP and Supply Chain Management applications, can use the information from Industrial Internet devices to help automate and optimize business processes, enable better asset visibility, more efficient supply chains, intelligent manufacturing, predictive maintenance and service, and improve logistics and transportation efficiency.
GE's operational technology and Oracle's enterprise solutions are intended to integrate into one optimized view for customers, allowing for end-to-end insight from customer assets in the field and on the factory floor, to the front and back office to the boardroom. With these integrated solutions, customers can connect any machine or sensor to any other machine or business application to also create disruptive and innovative products and services. Customers will leverage these solutions to maximize the benefits of the convergence of Operational Technologies (OT) with Information Technologies (IT) in driving business outcomes, such as operational efficiencies, cost to quality reduction, and enhanced customer experiences.
GE Digital and Oracle will bring their large partner ecosystems together to train, certify, and implement powered by Predix solutions with Oracle's Cloud offerings, technology software, and business applications.
Keywords: Platform-as-a-Service (PaaS), Industrial Internet, Cloud Platform, Intelligent Manufacturing, Predictive Maintenance, Operational Technologies (OT), Information Technologies (IT), ARC Advisory Group.