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GE launches Predictivity

Hydrocarbon Engineering,

GE has announced the launch of Predictivity™, the company’s portfolio of industrial internet solutions to help customers across major industries in the Asia Pacific region reach new levels of productivity. Leveraging big data from intelligent machines and predictive analytics, Predictivity will help leading industry players, particularly in the oil and gas sector, meet the region’s growing energy needs while managing operational and capital efficiency.

GE is on track to deliver more than US$ 1 billion in incremental revenue this year from 40 industrial internet offerings, with US$ 1.3 billion in order, helping customers throughout the world improve asset performance management and business operations. In addition, 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 customised industry apps at speed and scale to better manage the performance of their assets.

Jeffrey R. Immelt, chairman and CEO of GE, commented: “Predictivity harnesses the power of the Industrial Internet to connect people, machines and industrial big data to deliver better outcomes for customers. The more we can connect, monitor and manage the world’s machines, the more insight and visibility we can give our customers to reduce unplanned downtime and increase predictability”.

As a showcase of the company’s continued commitment to the region, GE Oil & Gas’ monitoring and diagnostics facility, the iCenter, was also officiated today at an event co-organised with the Malaysian Investment Development Authority (MIDA).

The iCenter in Kuala Lumpur is fully integrated with the centres in Florence, Italy and Houston, Texas, to guarantee direct access to discipline experts during critical events. The iCenter is managed by local engineers in line with GE’s commitment to support the growth of Malaysian talent.

According to Datuk Phang Ah Tong, deputy chief executive office of MIDA, “The establishment of GE’s iCenter is certainly in line with Malaysia’s aspiration to strengthen the oil and gas industrial cluster. The center complements the oil and gas ecosystem as it provides critical support services to the oil and gas companies. We believe that such an establishment will also provide impetus to attract other major oil and gas players to establish their presence here. We are happy to note that our local talents are also involved in managing the iCenter. This reflects GE’s unwavering dedication and contribution towards human capital development in Malaysia”.

Adapted from a press release by Emma McAleavey.

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