GE and Microsoft Enter into their Largest Partnership to Date, Accelerating Industrial IoT Adoption for Customers
July 16 2018 - 8:00AM
Business Wire
Expanded partnership will help industrial
companies capture greater intelligence from IoT and asset data,
boosts GE innovation across its business
GE (NYSE: GE) and Microsoft Corp. (Nasdaq: “MSFT”) today
announced an expanded partnership, bringing together operational
technology and information technology to eliminate hurdles
industrial companies face in advancing digital transformation
projects. As part of the union, GE Digital plans to standardize its
Predix solutions on Microsoft Azure and will deeply integrate the
Predix portfolio with Azure’s native cloud capabilities, including
Azure IoT and Azure Data and Analytics. The parties will also
co-sell and go-to-market together, offering end customers premier
Industrial IoT (IIoT) solutions across verticals. In addition, GE
will leverage Microsoft Azure across its business for additional IT
workloads and productivity tools, including internal Predix-based
deployments, to drive innovation across the company.
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According to Gartner, companies have evolved from "talking
about" to implementing IoT proofs of concept (POCs) and pilots.
While POC projects tend to be easy to start, few enterprises have
ramped up large-scale initiatives.* The GE-Microsoft partnership
helps industrial customers streamline their digital transformations
by combining GE Digital’s leading IIoT solutions that ingest,
store, analyze and act on data to drive greater insight with
Microsoft’s vast cloud footprint, helping customers transform their
operations at the enterprise level.
Advancing Industrial IoT ApplicationsGE Digital’s Predix
is the application development platform that equips industrial
organizations with everything they need to rapidly build, securely
deploy and effectively run IIoT applications from edge to cloud,
turning asset data into actionable insights. Leading industrial
companies such as BP, Exelon, Schindler and Maersk are using GE
Digital’s solutions – including flagship applications Predix Asset
Performance Management and Predix ServiceMax – as well as thousands
of Predix-based apps created by customers and partners to improve
operations and efficiency of their assets. Tapping into the power
of Azure will help accelerate adoption of the Predix portfolio. The
partnership brings together GE Digital’s expertise in industrial
data and applications with Microsoft’s enterprise cloud, helping
customers speed deployment of industrial applications and achieve
tangible outcomes faster, ultimately fueling growth and business
innovation.
Driving Innovation across GEGE also plans to leverage
Azure across the company for a wide range of IT workloads and
productivity tools, accelerating digital innovation and driving
efficiencies. This partnership also enables the different GE
businesses to tap into Microsoft’s advanced enterprise
capabilities, which will support the petabytes of data managed by
the Predix platform, such as GE’s monitoring and diagnostics
centers, internal manufacturing and services programs.
Microsoft Azure has announced 54 regions across the globe, with
42 currently available – more than any other major cloud provider.
Its cloud meets a broad set of international standards and
compliance requirements to ensure customer solutions can scale
globally. This partnership also enhances the security layer within
the Predix platform, which meets the specialized requirements of
industries such as aviation, power and utilities. Leveraging Azure
enables GE to expand its cloud footprint globally, helping the
companies’ mutual customers rapidly deploy IIoT applications.
The global IoT market is expected to be worth $1.1 trillion in
revenue by 2025 as market value shifts from connectivity to
platforms, applications and services, according to new data from
GSMA Intelligence.
“Every industrial company will have to master digital to compete
in the future, connecting machines and making them more intelligent
to drive efficiency and productivity,” said Bill Ruh, Chief Digital
Officer, GE and CEO, GE Digital. “Our customers are asking for us
to make a deeper connection between our two companies. Through this
expanded partnership, Microsoft and GE are enabling customers
around the world to harness the power of the Predix portfolio,
including Predix Asset Performance Management, to unlock new
capabilities to drive growth.”
“The industrial sector plays an important role in fueling
economies around the world,” said Judson Althoff, Executive Vice
President, Microsoft. “With this strategic partnership, GE and our
mutual customers will benefit from a trusted platform with the
flexibility and scalability to deliver unprecedented results and
help advance their business potential.”
As part of this expanded partnership, the companies will
go-to-market together and also explore deeper integration of Predix
IIoT solutions with Power BI, PowerApps and other third-party
solutions, as well as integration with Microsoft Azure Stack to
enable hybrid deployments across public and private clouds.
*Gartner, Hype Cycle for the Internet of Things, 2017, 24 July
2017
About GE DigitalGE Digital is reimagining how industrials
build, operate and service their assets, unlocking machine data to
turn valuable insights into powerful business outcomes. GE
Digital’s Predix portfolio – including the leading Asset
Performance Management, Field Service Management and MES
applications – helps its customers manage the entire asset
lifecycle. Underpinned by Predix, the leading application
development platform for the Industrial Internet, GE Digital
enables industrial businesses to operate faster, smarter and more
efficiently. For more information,
visit www.ge.com/digital.
About MicrosoftMicrosoft (Nasdaq “MSFT” @microsoft) is
the leading platform and productivity company for the mobile-first,
cloud-first world, and its mission is to empower every person and
every organization on the planet to achieve more.
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GE DigitalAmy Sarosiek,
+1-224-239-6028amy.sarosiek@ge.comorMicrosoft Media RelationsWE
Communications for Microsoft425-638-7777rrt@we-worldwide.com
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