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“Welcome to the digital industrial age,” with these words Stefan Reimelt, CEO of GE Germany and Austria, described the digital transformation as “our generation’s Industrial Revolution” before handing over to GE Vice-President Beth Comstock, who welcomed the more than 1,000 attendees at the Minds + Machines Europe event 2017 in Berlin. Comstock, who filled in for the GE’s CEO Jeff Immelt, emphasized that currently many companies find themselves caught in a positon somewhere between the physical and digital world.
Those two worlds are represented by two main future businesses of GE, Predix for the digital world and Additive Manufacturing for the physical world. GE estimates the global market for the Industrial Internet of Things (IIoT) at of over $250bn, with $125bn for software applications alone, by 2020.
It was therefore hardly surprising that many of the keynotes and presentations concerned backbone of GE Digital, their platform for the Industrial Internet of Things, Predix. General Electric had already started the road to become a digital industrial company six years ago, by replacing its IT department with a digital department. Due to the lack of suitable solutions on the market, according to GE, they developed their own IIoT platform for the collection and analysis of machine data. Today, the resulting solutions extend from the edge to the cloud and include both security and data governance and more industrial applications will be available soon.
The other hot topic of the event was additive manufacturing. GE Additive, a wholly-owned subsidiary of GE established in 2016, aims to become a leading supplier of additive technology, materials and services for industries and businesses worldwide. GE Additive announced at the event that it has entered a partnership with Stryker, a medical technology firm, to support the company’s growth in additive manufacturing. For years, GE has been a leading end user and innovator in the additive manufacturing space. In addition to the $1.4 billion investment in the German 3D machine builder Concept Laser and the Swedish company ArcamEBM in 2016, GE has also heavily invested in manufacturing and additive technologies over the past 10 years and will continue to do so.
If you get a chance to attend a GE Minds + Machines event, you will enjoy it.
Those two worlds are represented by two main future businesses of GE, Predix for the digital world and Additive Manufacturing for the physical world. GE estimates the global market for the Industrial Internet of Things (IIoT) at of over $250bn, with $125bn for software applications alone, by 2020.
It was therefore hardly surprising that many of the keynotes and presentations concerned backbone of GE Digital, their platform for the Industrial Internet of Things, Predix. General Electric had already started the road to become a digital industrial company six years ago, by replacing its IT department with a digital department. Due to the lack of suitable solutions on the market, according to GE, they developed their own IIoT platform for the collection and analysis of machine data. Today, the resulting solutions extend from the edge to the cloud and include both security and data governance and more industrial applications will be available soon.
The other hot topic of the event was additive manufacturing. GE Additive, a wholly-owned subsidiary of GE established in 2016, aims to become a leading supplier of additive technology, materials and services for industries and businesses worldwide. GE Additive announced at the event that it has entered a partnership with Stryker, a medical technology firm, to support the company’s growth in additive manufacturing. For years, GE has been a leading end user and innovator in the additive manufacturing space. In addition to the $1.4 billion investment in the German 3D machine builder Concept Laser and the Swedish company ArcamEBM in 2016, GE has also heavily invested in manufacturing and additive technologies over the past 10 years and will continue to do so.
If you get a chance to attend a GE Minds + Machines event, you will enjoy it.