The document discusses findings from a survey conducted by GE and Accenture on how industrial companies are approaching and investing in Big Data analytics and the Industrial Internet. Key findings include:
1) Executives see Big Data analytics as critical and are investing over 20% of technology budgets in it, expecting investments to increase.
2) Board-level support is the primary driver of Big Data strategies over other executives.
3) Companies feel a sense of urgency to implement Industrial Internet solutions as 84% believe it can shift competitive landscapes in a year and competitors are leveraging it.
4) Companies are moving beyond basic asset monitoring with Big Data to optimize operations and create new revenue through predictive maintenance, efficiency gains