GE and Microsoft are extending their partnership agreement to remove the issues that industries face in advancing digital transformation projects. Both companies are planning to bring their respective operational technology and information technology together to accomplish the task.
Under the deal, GE Digital plans to standardise its Predix solutions on Microsoft Azure and deeply integrate the Predix portfolio with Azure’s native cloud capabilities, including Azure IoT and Azure Data and Analytics. The companies will also offer end customers with premier IIoT solutions across verticals by implementing co-selling and go-to-market strategy.
GE Digital’s Predix is the application development platform that provides industrial organisations with everything they need to quickly build, securely deploy and effectively run IIoT applications from edge to cloud, turning asset data into actionable insights. Leading industrial names, such as BP, Exelon, Schindler and Maersk, are using GE Digital’s solutions – which also include flagship applications Predix Asset Performance Management and Predix ServiceMax – along with a sundry of Predix-based apps created by customers and partners to improve operations and efficiency of their assets.
According to Bill Ruh, Chief Digital Officer, CEO at GE Digital, GE’s customers are asking to build a strong bond between the two companies that will enable the global clientele to harness the power of Predix portfolio, including Predix Asset Performance Management, to unlock new capabilities to drive growth.
In last year’s GE Digital Industrial Evolution Index – which tracks the real progress of digital transformation – manufacturing came out on top with an overall index of 66.1, and the highest outlook (81.3) and workforce readiness (69.6) scores. The average score for outlook across all five industries was 78.3, with workforce readiness at 63.4 and company readiness at 55.2. The research analysed five industries, namely aviation, manufacturing, power and energy, transportation and utilities, across five areas, including outlook and potential, workforce and company readiness. When it came to barriers, investment costs (42% average across all industries) were the leading barrier to digital transformation.
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