What is General Electric Predix?
General Electric Predix is a platform-as-a-service that was developed by General Electric, a multinational conglomerate. The platform is designed to enable the development of industrial internet applications, such as predictive maintenance, asset tracking, and more.
Predix is a cloud-based platform that leverages machine data and analytics to offer insights into industrial operations. The platform is built on open standards and offers a range of services and tools for developers to build and deploy industrial internet applications. Predix is designed to work with all types of machines, from wind turbines to locomotives.
One of the key advantages of using Predix is the ability to perform predictive maintenance, which can help companies to minimize downtime and optimize their operations. Predix can also be used to track and monitor assets, such as vehicles and equipment, in real-time.
General Electric has been investing heavily in Predix, as part of its broader digital transformation efforts. The company has been partnering with other companies, such as Apple, to bring Predix to new markets and to develop new applications and services.
Overall, General Electric Predix is a powerful platform that enables developers to build and deploy industrial internet applications that can help companies to optimize their operations, improve efficiency, and reduce downtime.
Frequently Asked Questions about general electric predix
The Predix platform is a cloud-based Platform-as-a-Service (PaaS) for the Industrial Internet. As it connects machines, data, people, and other assets, the Predix platform uses leading technologies for distributed computing, big-data analytics, asset data management, and machine-to-machine communication.
2011: GE establishes a software Center of Excellence focused on developing industrial software. 2013: GE develops Predix, its platform for IIoT applications, designed to help GE businesses transform their operations.
While there was incremental progress made with the transformation, it never produced the kind of innovation (and money) that GE had hoped. As a result, the company eventually sold its digital asset business in a move that eventually culminated in a Predix platform failure.
The Platform is the IoT edge-to-cloud foundation shared by GE Digital applications such as Asset Performance Management (APM) and Operations Performance Management (OPM).
Predix connects machines and users with powerful applications and data to help industrial companies improve asset performance to maximize productivity, ensure product quality and sustainability, and save money.
GE now uses PeopleSoft, SAP, and a number of other ERP systems.
The revenue was tied to the work it was doing with internal GE business units and one-off partnerships with outside software companies. So when Predix integrated with a new partner, the focus was usually on generating short-term revenue and not long-term value to GE's end customers.
GE plans to spin off its GE Digital business, including its Predix Internet of Things (IoT) platform, into a new, independent company owned by GE.
Predix, known as Predix Platform is an industrial IoT software platform from GE Digital.
IoT software addresses its key areas of networking and action through platforms, embedded systems, partner systems, and middleware. These individual and master applications are responsible for data collection, device integration, real-time analytics, and application and process extension within the IoT network.
GE plans to spin off its GE Digital business, including its Predix Internet of Things (IoT) platform, into a new, independent company owned by GE. The as-yet-unnamed company will start with $1.2 billion in annual software revenue from its existing customer base.
Value creation is the starting point for every business small scale or large scale. It entails making products and providing services that customers find consistently useful. It is a product or service that they build a bond of loyalty with.
GM uses portions of the R/3 ERP package from SAP of Waldorf, Germany, for bookkeeping and for buying indirect materials - things such as office supplies and cleaning products, which aren't used in vehicles.
There are three main types of ERP systems that function with different deployment model options. The most common types of ERP systems include cloud ERP, on-premise ERP, and hybrid ERP.
The problem is GE selected a wrong partner ecosystem. There is no incentives for its partners to leverage Predix and move upmarket. The existing partners can only invest to a certain extent and they certainly did by training their resources, building Predix apps but it was not enough for Predix.
The 4 Types of IoT Platforms
- IoT Connectivity Platforms. An IoT Connectivity Platform is used to manage and monitor the communication protocols that connect devices across WiFi, bluetooth, and mobile internet.
- IoT Device Management Platforms.
- IoT Application Enablement Platforms.
- IoT Analytics Platforms.
