GE 2015 Annual Report Download - page 14

With this technical leadership, GE can be-
come a top 10 software company by 2020.
At the center of this effort is our cloud-based
operating system, PredixTM. Predix offers our
customers complete situational awareness
to monitor, and continually improve, equip-
ment performance. In practice, it will assure
everyone in a given enterprise—whether it’s
an airline, a hospital, a railroad, an oilfield, or
a wind farm—a real-time stream of relevant
information, accessible on mobile assets. Ev-
erything we are doing in data and analytics
comes together in this operating system.
GE is unique in developing its own operating
system. We are doing this, first and foremost,
because we need it for our own productivity.
At our scale, we can drive a common platform
across GE economically. As an industrial com-
pany—and the owner of the Digital Twin—we
understand the requirements. We plan to
open Predix to our customers and other in-
dustrial companies. This gives GE a unique
opportunity to create value in the platform
ecosystem. We launched Predix in the second
half of 2015. By the end of 2016, we expect it
to have 200,000 assets under management,
100 GE applications and 20,000 developers
creating many more applications. Cyber secu-
rity is essential for Predix, and we are building
world-class capability. We have world-class
partners like Intel and SoftBank who will help
us develop and deploy Predix.
GE applications provide a show site for the
Industrial Internet. This year we will gener-
ate $500 million of productivity by applying
data and analytics inside GE. We will have
75 “brilliant factories” driving yield, cycle and
uptime through model-based design. We are
using model-based design on our New Prod-
uct Introductions which allows us to develop
and launch new products with reduced cy-
cles, lower cost and higher quality. We can
correlate material usage with product perfor-
mance to change the work scope in a service
agreement which drives productivity for GE
and the customer.
The revenue for our analytical applications
and software is $5 billion and growing 20%
annually. We are offering our customers a
complete range of software analytics that
are positioned to achieve superior out-
comes. In Power, we have digitized wind
farms and power plants. These are soft-
ware-defined products complete with a
digital infrastructure including Predix and
a plant suite including asset performance
management and generation optimiza-
tion. The value for our customers could
be as high as $100 million per wind farm
and $230 million per power plant. We
launched a Healthcare cloud that gives
radiologists anywhere access to analytics
and images. Physicians can deliver supe-
rior outcomes by accessing data to spot
disease patterns and by collaborating with
multi-disciplinary teams. Our Healthcare
IT installs are growing by 10%. Each of
our industrial businesses is aiming to build
$1 billion+ digital franchises.
Our innovation is driving customer outcomes.
RasGas is a Qatar-based world leader in
natural gas. Our asset performance manage-
ment tool will monitor the pipeline, delivering
reliability that could save them hundreds
of millions of dollars. At the National Health
Service in the U.K., we are delivering enter-
prise imaging solutions on the Health Cloud.
This will improve clinical collaboration and
lower cost. The City of San Diego is execut-
ing an “intelligent city” powered by Predix
with connected LEDs for efficiency. At AEP,
we are executing an integrated distribution
operating platform for enhanced productivi-
ty and uptime. At BNSF, we are executing on
a movement planner that leverages data to
improve asset utilization. At Emirates Airlines,
we are using analytics to improve aircraft fuel
performance and maintenance productivity.
We are working solution-by-solution, custom-
er-by-customer and country-by-country to
deliver outcomes.
Our success as a Digital Industrial depends
on partnering with our customers. We must
access the data and deliver outcomes by
working together. A key to this is the Indus-
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OUTCOMES
Leveraging Predix, Current will:
Reduce energy costs
Create energy-efficient systems and
software and new business models
Enable intelligent environments
Improve productivity by capturing
real-time data and actions with
intelligent lighting
Provide on-site power for commercial
and industrial customers
Advance grid efficiency, cleaner energy
and smarter infrastructure solutions
with Predix
GE TECHNOLOGIES
$1B
in revenues
at launch
$5B
in revenues
by 2020
SOLARLED ELECTRIC VEHICLE
INFRASTRUCTURE
ENERGY
STORAGE
12 GE 2015 ANNUAL REPORT