General Electric has pursued an industrial internet initiative to capitalize on the growing industrial internet of things market, which is estimated to be worth $225 billion by 2020. GE coined the term "industrial internet" in 2012. As part of its initiative, GE aims to connect machines with sensors, analytics, and people through machine connectivity, advanced analytics, and connecting people at work. Challenges for GE include keeping up with fast-moving technologies, catering to industries at different stages of maturity, and varying levels of existing software embedded in products. Leveraging its large presence, hiring the right talent, strategic partnerships and acquisitions, and handling data privacy regulations are steps GE can take to accelerate its industrial internet efforts. Compet
Проект «GO+» это платформа для подключения и управления устройств, работающих в рамках концепции «Интернета Вещей». Сервис позволяет работать с различными типами и производителями устройств. Клиенты смогут создавать высококастомизированные сервисы и использовать собственные сценарии для управления устройствами.
OT - How IoT will Impact Future B2B and Global Supply Chains - SS14Mark Morley, MBA
This presentation was originally given at an EDIFICE plenary in Brussels in May 2014. EDIFICE is a European based industry association driving B2B standards across the high tech industry. The presentation discussed digital disruption and how the Internet of Things is likely to impact future design of B2B platforms and global supply chains. - Updated March 2015
Going Digital: General Electric and its Digital TransformationCapgemini
How can a company that is over a century old transform itself to thrive in a digital economy?
For GE, responding to change is part of its modus operandi. This is a company that has famously made change a core capability and a constant in its history. For over 120 years, GE has ploughed forward under a banner of “Building, powering, moving and curing the world. Not just imagining. Doing.” This constant focus on innovation and transformation has made the company the only one to still remain in the Dow Jones Industrial Index since the original index was established in 1896.
GE is betting big on software and analytics to bring about its transformation, with Jeff Immelt stating: “I took over an industrial company, now it will be known as an analytics company”. GE’s focus on data analytics was clear back in 2012 when it set aside up to $1.5 billion for small take-overs to boost its presence in analytics. GE currently monitors and analyzes 50 million data elements from 10 million sensors on $1 trillion of managed assets daily to move customers toward zero unplanned downtime.
GE’s digital transformation is not the result of being in the right place at the right time. Instead, it is the result of a structured approach that involved a strong top-down digital vision, capability development, achieving all-round buy-in and a constant focus on innovation.
While many digital natives, from FaceBook to Uber, continue to take much of the limelight, this 120-year-old giant of the corporate world shows that digital agility is not just confined to the new Millennial corporates.
IOT in Bangladesh | Enterprise Resource Planning (ERP) Software System | Pridesys IT Ltd, Different Innovation and Excellence | Internet of Things Applications for Analytics
Проект «GO+» это платформа для подключения и управления устройств, работающих в рамках концепции «Интернета Вещей». Сервис позволяет работать с различными типами и производителями устройств. Клиенты смогут создавать высококастомизированные сервисы и использовать собственные сценарии для управления устройствами.
OT - How IoT will Impact Future B2B and Global Supply Chains - SS14Mark Morley, MBA
This presentation was originally given at an EDIFICE plenary in Brussels in May 2014. EDIFICE is a European based industry association driving B2B standards across the high tech industry. The presentation discussed digital disruption and how the Internet of Things is likely to impact future design of B2B platforms and global supply chains. - Updated March 2015
Going Digital: General Electric and its Digital TransformationCapgemini
How can a company that is over a century old transform itself to thrive in a digital economy?
For GE, responding to change is part of its modus operandi. This is a company that has famously made change a core capability and a constant in its history. For over 120 years, GE has ploughed forward under a banner of “Building, powering, moving and curing the world. Not just imagining. Doing.” This constant focus on innovation and transformation has made the company the only one to still remain in the Dow Jones Industrial Index since the original index was established in 1896.
GE is betting big on software and analytics to bring about its transformation, with Jeff Immelt stating: “I took over an industrial company, now it will be known as an analytics company”. GE’s focus on data analytics was clear back in 2012 when it set aside up to $1.5 billion for small take-overs to boost its presence in analytics. GE currently monitors and analyzes 50 million data elements from 10 million sensors on $1 trillion of managed assets daily to move customers toward zero unplanned downtime.
GE’s digital transformation is not the result of being in the right place at the right time. Instead, it is the result of a structured approach that involved a strong top-down digital vision, capability development, achieving all-round buy-in and a constant focus on innovation.
While many digital natives, from FaceBook to Uber, continue to take much of the limelight, this 120-year-old giant of the corporate world shows that digital agility is not just confined to the new Millennial corporates.
IOT in Bangladesh | Enterprise Resource Planning (ERP) Software System | Pridesys IT Ltd, Different Innovation and Excellence | Internet of Things Applications for Analytics
It’s not enough to embrace the new digital era. The
existential challenge for companies today is to become
digitally durable - to anticipate disruption and
transform processes and products to compete on
outcomes. Whether it’s understanding the profound
impact of self-driving cars on transportation or being
a part of the smart-energy revolution, simply closing
the digital gap is no longer sufficient.
Aricent’s research, detailed in Technology Vision
2016, shows that successful companies are pursuing
an R&D paradigm that allows them to compete
aggressively on outcomes.5 These companies have a
culture that anticipates disruption to create sustainable
value from Internet of Things. They are digitally
durable.
CIR’s Events upcoming are always listed at http://www.hvm-uk.com Go there to plan your excellent networking and tech learning schedule!
CIR is proud to present the takeaways from the Smart Systems Summit 2014 at the prestigious Institute of Directors in Pall Mall, West London 1-2 October. This year's programme was truly excellent, with over 30 speakers.
smart, energy, grids, power, homes. transport, living, sensors, IOT, M2M, Industrial internet, technology, industry, markets, value, innovation, marketing, products, services, monetisation, growth, better
Industry 4.0 has widespread application across Industries (Manufacturing, Logistics, Mobility etc.). In case of manufacturing and processing industries Industry 4.0 means Smart Manufacturing using IIoT (Industrial Internet of Things or simply Industrial IoT) in a connected smart factory.
It enables an Organization to make smart data-driven decisions based on Big Data, Artificial Intelligence and Machine Learning. Industry 4.0 IIoT has several benefits such as Resource Optimization, Cost Reduction, Automation, Predictive Maintenance and Prescriptive Analytics and Control etc.
Transforming Manufacturing with the Internet of ThingsCognizant
We are entering a golden age for innovation in manufacturing products and processes, all enabled by the Internet of Things (IoT). This IDC market spotlight can help you understand the approach you will have to follow to derive value some of the considerations for driving value from connected products, connected supply chains, smart manufacturing and IoT.
Brands as Services: How the IoT Is Creating New EcosystemsIPG Media Lab
Mel Wilson, Head of Strategy at IPG Media Lab, was a keynote speaker at the 2014 Geoweb Summit. This presentation examines how smart devices are creating new data which brands can use to develop new services, as well as ways for developers and marketers to work together.
Webinar: How To Manage The Event Technology Ecosystem - Breakthroughs In Inte...Builtio
Meeting and event planners work with many technology platforms that all promise to optimize their resources. But many of these tools only solve one problem and rarely integrate with other platforms. As a result, planners are often left to manage event data between systems manually, cancelling out any time-saving automation that was done in the first place.
Major obstacles have traditionally precluded planners from fully integrating their systems – time, money, access to expertise, complicated processes and lack of support from technology providers and IT departments. In this webinar, we'll walk you through how to connect all of your tools by yourself with a simple integration solution, an ‘integration Platform-as-a-Service’ (iPaaS). iPaaS solutions like Built.io Flow make it easier, more affordable, and faster to integrate, enabling planners to pursue opportunities to do so much more with their skills and talents.
Overcoming Top 10 Challenges in Enterprise Application DevelopmentWisdmLabs Team
The development of an Enterprise Application is a tough road. Let’s explore the various challenges in the way and how to tackle them with minimum friction. The presentation also includes PRO-TIPS with each challenge to provide a better perspective.
We also look at WisdmTREAD, a 360-degree technology that lets you avoid various hurdles you might face while developing your Enterprise Application– average deployability, poor cross-function integration, difficulty with updates and most importantly, application not fully catering to the business requirements.
IoT And Its Manifold Business Benefits - Flexsin IncFlexsin
Flexsin enables you to leverage its IoT apps development expertise that has already empowered many enterprises to deliver futuristic results and palpable business value. Our IoT application development services include consulting, implementation and management. Conatct Flexsin today! +1 469-305-9770
NTT DATA Open Innovation Contest 10.0 for startups and scaleupsTom Winstanley
NTT DATA runs a global open innovation contest annually as part of programmes to identify partners to develop new value adding services with and to scale services and go-to-market more rapidly. This 10.0 edition of the event is taking place in 16 cities globally, including in London and Edinburgh in December 2019. Find out more at http://uk.nttdata.com/openinnovationcontest
I held this presentation on IT Policy in Europe 2010-2013: The Imperative of Walking
the Talk on Openness at the European Commission today. Walking the talk on
openness means real measures to push open standards-based interoperability across the European value chain—in all verticals.
The Most Definitive guide to Industrial IoT ImplementationAditya Basu
Industrial IoT has the potential of USD 15.3 trillion to the global economy by 2030 subjected to an improvement of 1-1.5%. Industrial Internet is a revolutionary technology that enhances the Industrial environment with the IoT capabilities. IIoT helps to solve the bottlenecks in the business environment, provides operational efficiency, increases productivity and reduces the complexity of the process.
The main benefit of Industrial IoT is the connected enterprise that enhances the visibility across various departments and benefits with a smooth workflow. According to General Electric CEO, Jeff Immelt, IIoT has twice the market potential than that of the consumer IoT.
In this Guide you will know everything about
a) The Connected Factory! Role of IIoT
b) Evolution of IIoT to Industry 4.0
c) Industrial IoT Ecosystem
d) Value Chain Players today and what you can learn from them
e) How IIoT is Different from IoT
f) Technology Drivers and Adoption
g) Market Indicators and why you should jump the Bandwagon NOW!
h) Market Revenues and Areas of Focus
i) The Digitization Wave
j) Real World Industrial IoT Case Studies Including Solutions & Outcomes
It’s not enough to embrace the new digital era. The
existential challenge for companies today is to become
digitally durable - to anticipate disruption and
transform processes and products to compete on
outcomes. Whether it’s understanding the profound
impact of self-driving cars on transportation or being
a part of the smart-energy revolution, simply closing
the digital gap is no longer sufficient.
Aricent’s research, detailed in Technology Vision
2016, shows that successful companies are pursuing
an R&D paradigm that allows them to compete
aggressively on outcomes.5 These companies have a
culture that anticipates disruption to create sustainable
value from Internet of Things. They are digitally
durable.
CIR’s Events upcoming are always listed at http://www.hvm-uk.com Go there to plan your excellent networking and tech learning schedule!
CIR is proud to present the takeaways from the Smart Systems Summit 2014 at the prestigious Institute of Directors in Pall Mall, West London 1-2 October. This year's programme was truly excellent, with over 30 speakers.
smart, energy, grids, power, homes. transport, living, sensors, IOT, M2M, Industrial internet, technology, industry, markets, value, innovation, marketing, products, services, monetisation, growth, better
Industry 4.0 has widespread application across Industries (Manufacturing, Logistics, Mobility etc.). In case of manufacturing and processing industries Industry 4.0 means Smart Manufacturing using IIoT (Industrial Internet of Things or simply Industrial IoT) in a connected smart factory.
It enables an Organization to make smart data-driven decisions based on Big Data, Artificial Intelligence and Machine Learning. Industry 4.0 IIoT has several benefits such as Resource Optimization, Cost Reduction, Automation, Predictive Maintenance and Prescriptive Analytics and Control etc.
Transforming Manufacturing with the Internet of ThingsCognizant
We are entering a golden age for innovation in manufacturing products and processes, all enabled by the Internet of Things (IoT). This IDC market spotlight can help you understand the approach you will have to follow to derive value some of the considerations for driving value from connected products, connected supply chains, smart manufacturing and IoT.
Brands as Services: How the IoT Is Creating New EcosystemsIPG Media Lab
Mel Wilson, Head of Strategy at IPG Media Lab, was a keynote speaker at the 2014 Geoweb Summit. This presentation examines how smart devices are creating new data which brands can use to develop new services, as well as ways for developers and marketers to work together.
Webinar: How To Manage The Event Technology Ecosystem - Breakthroughs In Inte...Builtio
Meeting and event planners work with many technology platforms that all promise to optimize their resources. But many of these tools only solve one problem and rarely integrate with other platforms. As a result, planners are often left to manage event data between systems manually, cancelling out any time-saving automation that was done in the first place.
Major obstacles have traditionally precluded planners from fully integrating their systems – time, money, access to expertise, complicated processes and lack of support from technology providers and IT departments. In this webinar, we'll walk you through how to connect all of your tools by yourself with a simple integration solution, an ‘integration Platform-as-a-Service’ (iPaaS). iPaaS solutions like Built.io Flow make it easier, more affordable, and faster to integrate, enabling planners to pursue opportunities to do so much more with their skills and talents.
Overcoming Top 10 Challenges in Enterprise Application DevelopmentWisdmLabs Team
The development of an Enterprise Application is a tough road. Let’s explore the various challenges in the way and how to tackle them with minimum friction. The presentation also includes PRO-TIPS with each challenge to provide a better perspective.
We also look at WisdmTREAD, a 360-degree technology that lets you avoid various hurdles you might face while developing your Enterprise Application– average deployability, poor cross-function integration, difficulty with updates and most importantly, application not fully catering to the business requirements.
IoT And Its Manifold Business Benefits - Flexsin IncFlexsin
Flexsin enables you to leverage its IoT apps development expertise that has already empowered many enterprises to deliver futuristic results and palpable business value. Our IoT application development services include consulting, implementation and management. Conatct Flexsin today! +1 469-305-9770
NTT DATA Open Innovation Contest 10.0 for startups and scaleupsTom Winstanley
NTT DATA runs a global open innovation contest annually as part of programmes to identify partners to develop new value adding services with and to scale services and go-to-market more rapidly. This 10.0 edition of the event is taking place in 16 cities globally, including in London and Edinburgh in December 2019. Find out more at http://uk.nttdata.com/openinnovationcontest
I held this presentation on IT Policy in Europe 2010-2013: The Imperative of Walking
the Talk on Openness at the European Commission today. Walking the talk on
openness means real measures to push open standards-based interoperability across the European value chain—in all verticals.
The Most Definitive guide to Industrial IoT ImplementationAditya Basu
Industrial IoT has the potential of USD 15.3 trillion to the global economy by 2030 subjected to an improvement of 1-1.5%. Industrial Internet is a revolutionary technology that enhances the Industrial environment with the IoT capabilities. IIoT helps to solve the bottlenecks in the business environment, provides operational efficiency, increases productivity and reduces the complexity of the process.
The main benefit of Industrial IoT is the connected enterprise that enhances the visibility across various departments and benefits with a smooth workflow. According to General Electric CEO, Jeff Immelt, IIoT has twice the market potential than that of the consumer IoT.
In this Guide you will know everything about
a) The Connected Factory! Role of IIoT
b) Evolution of IIoT to Industry 4.0
c) Industrial IoT Ecosystem
d) Value Chain Players today and what you can learn from them
e) How IIoT is Different from IoT
f) Technology Drivers and Adoption
g) Market Indicators and why you should jump the Bandwagon NOW!
h) Market Revenues and Areas of Focus
i) The Digitization Wave
j) Real World Industrial IoT Case Studies Including Solutions & Outcomes
Similar to Group01_GE Electricals Kalyani Saini.pptx (20)
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
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Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
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The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
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Cheryl Hung, ochery.com
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The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
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The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
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See how to accelerate model training and optimize model performance with active learning
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Speakers:
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👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
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Have you ever wanted a Ruby client API to communicate with your web service? Smithy is a protocol-agnostic language for defining services and SDKs. Smithy Ruby is an implementation of Smithy that generates a Ruby SDK using a Smithy model. In this talk, we will explore Smithy and Smithy Ruby to learn how to generate custom feature-rich SDKs that can communicate with any web service, such as a Rails JSON API.
2. ABOUT GE
● Thomas Edison Founded General
Electric in 1892.
● GE manufactured products and
provided services across various
industries
● GE looked ways to Go downstream
pursuing a comprehensive services
business model
● After diversification GE took most of the
profits from its financial services
3. What is IIoT( Industrial Internet of Things)?
https://youtu.be/KzXfFDJWgmQ
https://youtu.be/8NGzrtK7eV0
4. PROBLEM
STATEMENT
Do you know what helps you make your point clear?
Lists like this one:
● They’re simple
● You can organize your ideas clearly
● You’ll never forget to buy milk!
And the most important thing: the audience won’t
miss the point of your presentation
5. How would you assess GE’s Industrial Internet Initiative
5
GE coined the term
Industrial Internet in late
2012
Industrial Internet could
be a $225 billion market
by 2020
Widespread use of
interconnected
● Machines
● Analytics
● People
MACHINE
Connect the machines
with sensors, controls
and software application
ADVANCED ANALYTICS
Combine physical based
analytics, predictive
algorithms and
automation
PEOPLE AT WORK
Connecting people at
work or on the move
anytime to support
intelligent design
6. How would you assess GE’s Industrial Internet Initiative
6
Industrial Internet could
be a $225 billion market
by 2020
7. S
W
O
T
● Embedded software
● Market Experience
● Multiple Subsidiaries
● Expenditure on core
platform rather than
application
● Lack of Software skills
● IOT to create $14.4 trillion
economic value
● Joint Ventures
● Cannibalization of
existing products
● Commoditization of
assets
8. How would you assess GE’s Industrial Internet Initiative
8
Industrial Internet could
be a $225 billion market
by 2020
9. How would you assess GE’s Industrial Internet Initiative
9
Industrial Internet could
be a $225 billion market
by 2020
https://www.ge.com/about-us/history#/
10. Challenge
To keep pace with fast moving
technologies
Sub Challenges:
● Changing paradigm of software development
● Catering each sector which had different state of maturity
and different legacy software issues
● Each business had varying degree of softwares embedded
into the products which increased complexities
Next step to accelerate the effort
11. Leverage its huge
presence
Hire the right set of
talent
Strategic partnership and
JV or acquisitions
Handling Data privacy
regulations
Partnership with IBM or
Google
Next Step
12. 01 02
Competitors
03 04
● Partnered with the EU to enable
factory machines to move seamlessly
● Launched the Omnetric Group
● Philips competes with GE in the
Healthcare segment
● High brand recognition and
awareness
● Launched several appliances that
connected to the Internet
● Watson’s health-carer use by
independent software vendors,
content providers, and talent
providers
● Launched new series of Power
Systems solutions for health care,
retail, and general industry
● Google was entering into internet
connected hardware business
● Products could be controlled over
the web
● This infrastructure will allow to move
beyond the human-based web into
the Internet of Things.
GE need to keep their core platform adaptable and agile due to changing environment. Also, The biggest advantage for the GE, was their presence in various sectors and high customer base. This presence allowed them to understand how the different sectors work and what kind of functionality is needed in the software to approach the customers. They have an availability of the large data set. Another advantage for them was their presence in the market for the long period of time. This allowed them to understand the importance of the changes in the business, so they could focus on the adaptability of the software over the period
Leverage its huge presence to increase the awareness which will help them monetize their offerings in a more efficient way.
They need to hire talent and develop competencies in handling data privacy related regulations as they vary in different countries
Phase out approach to implement the offering internally, they need not force the initiative to any unit rather use training and KPIs to show effectiveness of the Initiative
Strategic partnerships and JV or acquisitions to acquire expertise in this software business. IBM with its $1Billion acquisition of Watson was already threatening GE and so was Google which had huge expertise in data analytics
Consolidation by entering into partnerships with IBM or Google. GE can provide valuable data which they don’t have access to, and the tech giants can provide the core competencies in analytics.
IBM: As the world’s largest IT company, It was an industry leader in Industrial Internet applications until GE entered the market in 2013. IBM released Watson, which was Originally designed as an advanced (Q&A) system, Watson’s technology was later applied to health-care businesses through collaborations.
Google announced an agreement to acquire Nest Labs. Nest Labs was a home hardware technology start-up that designed Internet-connected products such as thermostats and smoke detectors
Siemens: the largest engineering company in Europe, partnered with the European Union on the “Internet of Things at Work” project, which enabled factory machines to move seamlessly between productions without commands from their central systems. Later, Siemens and Accenture jointly launched the Omnetric Group aimed to help utilities connect their distribution systems, grid operations, and meters in order to create smart grids.
