GE Announcements from GE’s Minds + Machines Event

These announcement were made during GE's Minds + Machines event in New York City as part of a new suite of software and services solutions unveiled by GE's Chairman & CEO Jeff Immelt.

GE Introduces a Suite of Data-Driven Solutions for Growing Distributed Power Business
GE's Distributed Power business has announced the launch of a suite of performance-enhancing data-driven solutions from GE Predictivity that harnesses the power of the Industrial Internet to boost performance of aeroderivative gas turbines. The suite of data-driven solutions seeks to optimize performance, improve uptime and efficiency and reduce life-cycle costs for GE's LM6000 aeroderivative gas turbines, which are part of the company's fast-growing Distributed Power business. The suite currently includes two components, each designed to address an opportunity to enhance performance:

• On Site Power Visibility organizes the data output of each aeroderivative gas turbine, including maintenance and operational data, to assist in business decision-making. Using the Industrial Internet, the turbines are connected to GE's Remote Monitoring & Diagnostics Center to provide data to GE's OEM experts for analysis and real-time technical support. On Site Power Visibility reduces the potential for unplanned events. It provides "predict-and-prevent" digital-based solutions to support customers' reliability needs by leveraging remote monitoring and diagnostics. Its features include proactive updates and backups of plant-related software as well as capability to help predict component life and planned service outages.
• On Site Power Performance can increase the flexibility of an LM6000 aeroderivative gas turbine, assisting customers to boost incremental power from 1-5 megawatts (MW) over the existing level. It supports faster starting and loading and can cut full load startup time by as much as half. The new data-driven solution enables customers' energy operations to take advantage of changing market conditions and opportunities. On Site Power Performance is an efficient way to optimize power generation, operating costs and maintenance impact through advanced analytics.

The new customized set of data-driven solutions for aeroderivative gas turbines aligns to an emerging market category of data-driven software and services offerings known as Asset Performance Management (APM). APM solutions are aimed at helping asset-centric industrial companies reach breakthrough levels of performance across power generation systems by increasing availability, minimizing costs and reducing operational risks.

GE to Open Up Predix Industrial Internet Platform to All Users
GE also announced Predix, GE's software platform that powers the Industrial Internet, will be made available to any company in 2015, allowing them to create and deploy their own customized industry apps at speed and scale to better manage the performance of their assets.

GE's new APM solutions, launched during GE's Minds + Machines event, focus on power optimization, providing customers 24x7 access to a remote monitoring and diagnostics platform, predictive maintenance insight and incremental power when needed. Distributed Power's current suite of data-driven solutions - On Site Power Visibility and On Site Power Performance - help to optimize the performance of GE's aeroderivative gas turbines, reduce life-cycle costs, improve uptime, increase efficiency and drive profitability.

The Predictable Asset Toolbox for Industry: Predix + Predictivity + APM
GE reportedly monitors and analyzes 50 million data elements from 10 million sensors on $1 trillion of managed assets daily to move customers toward zero unplanned downtime. Powered by Predix, APM enables customers to put streams of data to work to proactively make the right decisions at the right time to keep assets safe, help them run better, consume less fuel, receive service more efficiently and minimize unplanned downtime.

GE will leverage its high-margin services backlog of more than $180 billion to develop new APM technologies, growing its dollars of revenue per installed base 3-to-5 percent annually. Reinforcing the importance of this opportunity, Immelt said: "The Industrial Internet is a win-win for GE and our customers. Our offerings will increase GE's services margins and boost organic industrial growth, with the potential to drive as much as $20 billion in annual savings across our industries."

To help businesses accelerate the adoption of Industrial Internet solutions, GE also announced a new APM tool that helps customers assess their current operations and identify the assets and processes that would benefit the most from increased connectivity, data analysis, and optimization. This initial assessment is the first step in realizing bottom line savings and minimizing unplanned downtime.

Designing Apps for Industry that Matter: Predix App Factory
To further the value of APM, GE also launched the Predix App Factory, an advanced methodology for rapidly prototyping, validating, and developing Industrial Internet applications that shortens typical development cycles from months to weeks. GE pioneered this collaborative approach with customers to drive innovation at scale, bringing together experts from user experience and design, data science, machine connectivity, and agile software development.

GE is using the App Factory process at its state-of-the-art Design Center in San Ramon, California to develop new solutions that lead to better customer outcomes such as reduced resource consumption, improved operational efficiency, and lower risk. For example, GE Aviation created an industry app allowing airline and plane operators to blend current information with advanced analytics to actively monitor more than 30,000 jet engines for real-time detection and response to issues.

The Security Standard to Protect Critical Infrastructure: Wurldtech
Securing critical infrastructure is vital to the Industrial Internet, but it holds a unique set of complexities that are different from protecting a traditional IT environment. GE is focused on safeguarding operations technology and improving the reliability of the Industrial Internet for customers and industries. To do this, GE acquired Wurldtech earlier this year to leverage its Achilles industrial security products and services to certify GE and non-GE products and customer environments. GE plans to use Achilles as a standard for securing all of its technology for delivering security enhancements through Predix and GE Products.

In addition, Wurldtech released a firewall, currently entering beta, optimized for industrial infrastructure and operations technology environments. Wurldtech's Achilles Industrial Next Gen Firewall (NGFW) provides advanced threat detection by monitoring network traffic and blocking unexpected and malicious activity. To simplify administration, NGFW's graphical user interface is designed for easy and efficient management of security policies and protection profiles.

Connecting The World's Assets And People: New Partnerships to expand the Industrial Internet
Today, every GE machine is Predix-ready, but the Industrial Internet extends beyond just GE assets and customers. To expand the Industrial Internet ecosystem, GE has launched new and expanded alliances, and technology innovations to make it possible for operators to collect more data, generate more insights from a growing number of "Predix-ready" machines and devices connected to the Industrial Internet.

Keywords: Aeroderivative Gas Turbines, Industrial Internet, Remote Monitoring & Diagnostics, Analytics, Predix-Ready, Diagnostics Platform, Predictive Maintenance, ARC Advisory Group.