GE Unveils New Advanced Applications, Edge to Cloud Analytics and Robotics to Advance Digital Industrial Transformation for Customers

New Predix-powered solutions, partnerships accelerate the
transformation journey beyond the factory walls and drive the next
industrial revolution

• GE Digital announces integration of ServiceMax field service
  management solution and Asset Performance Management portfolio to
  transform service operations, reduce cost and eliminate unplanned
  downtime
• GE Ventures launches Avitas Systems, a new venture that will transform
  inspection services with advanced robotics, data analytics and
  artificial intelligence
• GE Power releases Predix-powered ‘Digital Utility’ to connect
  real-time machine and operations data with energy trading to drive
  more profitable utilities businesses

BERLIN–(BUSINESS WIRE)–Today at Minds + Machines Europe, GE (NYSE:GE) charted the course for
digital industrial growth, unveiling new solutions that are purpose
built for industrial assets, environments and operations. The event
outlined the path to greater productivity for customers who take
advantage of advances in the company’s leading Asset Performance
Management (APM) and ServiceMax industrial applications, powered by
Predix, GE’s platform for the Industrial Internet.

“Europe can lead the digital industrial era,” said GE Chairman and CEO
Jeff Immelt. “Investment in technology, such as automation, advanced
manufacturing, and artificial intelligence – along with new skills – can
transform industry and drive productivity. GE has long been committed to
Europe, and we are invested in its future.”

Delivering the Industrial Service Model of the
Future

Transformation of the current industrial service model is a critical
element of the digital industrial journey. Most companies today lack the
ability to combine insights from data with actions in real time when
managing and servicing assets. This contributes to unplanned downtime,
which has significant impact on industrial productivity.

To reduce cost and eliminate downtime, it is critical for
asset-intensive industries to shift from a reactive, break/fix service
model to a predictive model. This change will help companies better
understand potential equipment issues preemptively or act upon them
quickly with the correct tools and parts.

To achieve this, GE Digital unveiled an integrated solution to deliver
the industrial service model of the future that combines the power of
ServiceMax, its cloud-based field service management (FSM) solution,
with its intelligent Asset
Performance Management portfolio. Available in late 2017, the
combination of ServiceMax + APM will enable industrial companies to
transform how they predict, manage and service the entire asset
lifecycle.

“The Industrial Internet is enabling companies to take advantage of
possibilities that previously seemed out of reach. But in many ways, we
are still in the early stages of this transformation journey as
companies seek to move from gaining insight to taking action and as
automation gives way to autonomous systems,” said Bill Ruh, CEO, GE
Digital. “GE Digital is helping companies use technology and information
to transform how they operate and create new possibilities – from
delivering the industrial service model of the future to creating
entirely new business models.”

GE Digital’s APM and FSM solutions automatically collect and analyze
service data – from predictive maintenance needs to failure information
and recommended work actions – to help industrial companies move beyond
traditional asset monitoring to advanced predictive maintenance and
asset performance management.

This new approach also provides enhanced scheduling capabilities.
Matching customers’ service workforces with their service needs, the
offering helps industrial companies dispatch the right engineers to the
right job at the right time – and ensure they are qualified, prepared
and equipped to successfully complete their work. Receiving updates from
workers in the field, the software provides a closed loop from issue
identification to resolution, while ‘learning’ about the most efficient
issue resolution methods over time to improve analytics with each alert.

As companies accelerate digital transformation through the combination
of GE Digital’s APM and ServiceMax offerings, they can more proactively
manage the entire asset lifecycle, increasing productivity and
operational efficiencies that can open the door to future business
growth.

Transforming service at the edge

Additionally, GE Ventures today launched Avitas Systems, a new
data-driven company that will use predictive data analytics, robotics
and artificial intelligence (AI) to deliver advanced inspection services
to the oil and gas, transportation and energy industries.

“The inspection services industry requires cutting-edge technologies to
avoid unplanned asset downtime and deliver new, valuable insights,” said
Alex Tepper, Managing Director of Avitas Systems. “We deploy
state-of-the-art robotics and cloud-based technology to give customers
the customized service and insights-based data they need to advance from
reactive to predictive repair – no matter where their assets are
located.”

The Avitas Systems solution, using the Predix platform, is built to
support the unique service needs of companies with remote assets,
particularly in the oil and gas, transportation and energy industries.
The solution helps customers analyze inspection data, integrates
regulatory and external sources, such as weather, identifies defects
automatically and recommends optimal inspection and maintenance
schedules. The system can fuse data from diverse sources and
independently analyze the relationships between them for deeper insights
– and incorporates user feedback to make defect detection smarter and
more accurate.

By reducing high-risk tasks through robotics, Avitas Systems can make
inspection processes safer and more efficient through data automation,
decreasing costs by up to 25%. By performing inspections based on
anticipated risk, instead of regular time intervals, Avitas Systems can
also help to increase asset longevity.

GE estimates that service transformation represents a $40 billion market
opportunity. With ServiceMax + APM and Avitas Systems, GE is helping
industrial companies manage, optimize and gain insight into their assets
across each stage of the lifecycle – all driven by Predix. As the only
platform that provides computing capabilities from the edge to the
cloud, Predix gives GE customers visibility, control and analytic
insights to every part of their industrial infrastructure and operations.

Transforming Energy Management and Customer
Operations

GE also announced a suite of new industrial applications, solutions and
partnerships to help companies take advantage of the Industrial Internet
– moving beyond the factory walls to enable the digital industrial
companies of the future. The solutions build on GE’s expansive suite of
Predix-powered tools and applications purpose-built for the Industrial
Internet.

• Data-Optimized Energy Trading & the ‘Digital Utility’:
  To help utilities navigate the changing energy market, GE Power
  unveiled the ’Digital
  Utility,’ a suite of Predix-based applications that connect
  real-time machine data with a utility’s profitability. The new Business
  Optimization software is first of its kind, bringing analytics to
  the business side of power and utilities companies to help energy
  traders act profitably in long-term, day-ahead and short-term
  wholesale markets. The Digital Utility includes updates to GE Power’s Operations
  Optimization software, incorporating closed-loop analytics to
  improve generation efficiency for entire fleets. Additionally, GE’s
  APM solutions for energy businesses now connect all assets across the
  entire Electricity Value Network (EVN) in an integrated application,
  providing customers with a single view of assets spanning power
  generation to the grid.
• Advanced Utility Operations: GE Digital alliance partner PwC
  showcased its Predix-powered commercial operations solution for
  utility companies. This solution enables executives to identify margin
  ‘leakage.’ The solution analyzes plant performance data from GE’s
  Operations Optimization application, commercial data from dispatch and
  market-facing system from GE’s Business Optimization application. The
  solution is expected to launch this summer.
• Insight-Based Energy Management: GE Digital and EY
  highlighted the Manufacturing Energy Management Solution™ (MEMs) from
  EY, powered by Predix, which helps transform how OEMs manage energy
  consumption. MEMs offers analytics for real-time decision making,
  providing immediately available data and giving insights into energy
  consumption at the enterprise-wide and individual operating center
  levels. MEMs helps manufacturers manage energy consumption in
  production, factor energy usage into planning and execution decisions
  – as well as improve cost, efficiency, innovation, greenhouse gas
  emissions and water conservation.
• Reduced Carbon Dioxide Emissions: GE Distributed Power
  and Dalkia announced that through GE distributor Clarke Energy, the
  companies have equipped more than one-third of Dalkia’s 170+ Jenbacher
  gas engines with GE’s myPlant*
  APM solution, powered by Predix. In total, the fleet of engines
  could power more than 240,000 French households, resulting in lower
  carbon dioxide emissions – which equates to taking nearly 100,000
  European cars off the road annually.

• Predix-Powered Clean Energy: GE Renewable Energy and
  Fina Enerji signed a 10-year full service agreement that covers 150 GE
  wind turbines in Turkey. The deal will implement GE’s Predix-based
  Digital Wind Farm hardware and software solutions, which use data
  analytics to increase wind farm operations. With these digital
  capabilities, GE Renewable Energy will help develop smarter wind power
  forecasts for the Turkish market.
• Predix-Enabled Additive Manufacturing: GE Additive will
  add Predix edge technology to its Concept Laser M2 cusing additive
  machines. This move allows customers to remotely monitor and collect
  data from their machines – helping them analyze trends and uncover
  insights to improve asset performance and operations.
• Data-Driven Drilling: Last year, GE’s Marine Solutions
  and Maersk Drilling announced a partnership to collaborate on a data
  analytic-driven pilot project, aimed at increasing Maersk’s drilling
  vessel’s productivity by reducing maintenance costs by up to 20
  percent and increasing drilling productivity. The deployment of
  SeaStream* Insight, GE’s APM solution for Marine powered by Predix, is
  already showing great potential, and Maersk and GE are looking to
  expand onto Maersk’s second rig, Interceptor, to broaden the outcomes
  achieved from the pilot project.

Together, these solutions and deployments advance GE’s vision for the
Industrial Internet with a portfolio designed to accelerate customers’
transformation journeys and create new paths to growth for customers of
every size and scale.

Minds
+ Machines Europe 2017 convenes the best and the brightest of the
technology world —including GE customers, developers, partners, industry
luminaries, and technology thought leaders. This year’s event dove
deeper into the technology driving digital industrial transformation.

ABOUT GE

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming
industry with software-defined machines and solutions that are
connected, responsive and predictive. GE is organized around a global
exchange of knowledge, the “GE Store,” through which each business
shares and accesses the same technology, markets, structure and
intellect. Each invention further fuels innovation and application
across our industrial sectors. With people, services, technology and
scale, GE delivers better outcomes for customers by speaking the
language of industry. www.ge.com

Contacts

GE Digital
Amy Sarosiek, +1 224-239-6028
[email protected]