The conglomerate unwraps a new suite of technologies that it says will fundamentally change the operation of businesses like airlines, railroads, hospitals, manufacturing, and energy companies.
American conglomerate General Electric believes machine-to-machine, or "M2M" for short, advances will fundamentally alter the way business operates.
This morning at its "Minds and Machines" conference in San Francisco GE took the wraps off a new suite of "Industrial Internet" (PDF) technologies and services that it says will help airline, railroad, healthcare, manufacturing and energy companies increase productivity and reduce costs -- $150 billion in waste, it claims.
All this, just by connecting industrial machinery to the Internet (and the people that use it).
The quick and dirty of the announcement:
The services in question:
The company's ultimate goal is both modest and massive: a 1 percent efficiency gain across global industries.
(For energy, 1 percent fuel savings translates to $66 billion. For aviation, 1 percent fuel savings translates to $30 billion. For health care, 1 percent operational savings translates to $63 billion. And so on.)
"The Internet has changed the way we consume information and talk with each other, but now it can do more," CEO Jeff Immelt said. "By connecting intelligent machines to each other and ultimately to people, and by combining software and big data analytics, we can push the boundaries of physical and material sciences to change the way the world works."
Today's announcement appears to be an appetizer to the main course; GE says it will announce 20 more such technologies next year.
This story was first published as "GE unwraps 'Industrial Internet': M2M for planes, trains, manufacturing" at ZDNet's Between the Lines.