General Electric Launches New Purpose Built Industrial Products

FAIRFIELD (dpa-AFX) - Conglomerate General Electric Co on Tuesday unveiled new products that ...

Alliance News 13 June, 2017 | 9:51AM
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FAIRFIELD (dpa-AFX) - Conglomerate General Electric Co on Tuesday unveiled new products that are purpose built for industrial assets, environments and operations at its industrial internet event Minds + Machines Europe 2017.

GE Digital launched an integrated product to deliver the industrial service model of the future that combines the power of ServiceMax, its cloud-based field service management product, with its intelligent Asset Performance Management portfolio to transform service operations, reduce cost and eliminate unplanned downtime.

Available in late 2017, the combination of ServiceMax + APM will enable industrial companies to transform how they predict, manage and service the entire asset lifecycle.

Further, GE Ventures launched Avitas Systems, a new data-driven company that will use predictive data analytics, robotics and artificial intelligence to deliver advanced inspection services to the oil and gas, transportation and energy industries.

GE also announced a suite of new industrial applications, products and partnerships to help companies take advantage of the industrial internet. The products build on GE's expansive suite of Predix-powered tools and applications purpose-built for the industrial internet.

According to the firm, these products and deployments advance its vision for the industrial internet with a portfolio designed to accelerate customers' transformation journeys and create new paths to growth for customers of every size and scale.

Copyright RTT News/dpa-AFX

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Minds + Machines Group Ltd 7.38 GBX -0.67 -

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