GE partners with EY to offer industrial IoT services (GE)

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GE Digital, the company’s software subsidiary focused on the industrial IoT, announced that it is partnering with consulting giant EY to offer services to help companies implement their industrial IoT initiatives with GE’s Predix cloud platform. 

Although manufacturing and industrial companies are investing heavily in IoT technologies, there are still many industry-wide barriers to more widespread adoption of those technologies. Those barriers include cybersecurity concerns, a lack of interoperability standards that allow devices and systems from different vendors to communicate with each other, and managing workforce changes brought on by increased automation.

GE and EY will try to help companies handle these challenges on an individual basis through the new services.

Those services will combine tools from GE’s Predix platform for data collection and analysis and its expertise in manufacturing with EY’s business advisory services. By advising industrial enterprise clients on how to solve some of the challenges mentioned above, GE is hoping to gain wider adoption of its Predix platform as part of its efforts to become one of the world’s 10 biggest software providers by 2020. 

The IoT Revolution is picking up speed and when it does, it will change how we live, work, travel, entertain, and more.

From connected homes and connected cars to smart buildings and transportation, every aspect of our lives will be affected by the increasing ability of consumers, businesses, and governments to connect to and control everything around them.

Imagine “smart mirrors” that allow you to digitally try on clothes. Assembly line sensors that can detect even the smallest decrease in efficiency and determine when crucial equipment needs to be repaired or replaced. GPS-guided agricultural equipment that can plant, fertilize, and harvest crops. Fitness trackers that allow users to transmit data to their doctors.

It’s not science fiction. This “next Industrial Revolution” is happening as we speak. It’s so big that it could mean new revenue streams for your company and new opportunities for you. The only question is: Are you fully up to speed on the IoT?

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• IoT devices connected to the Internet will more than triple by 2020, from 10 billion to 34 billion. IoT devices will account for 24 billion, while traditional computing devices (e.g. smartphones, tablets, smartwatches, etc.) will comprise 10 billion.

• Nearly $6 trillion will be spent on IoT solutions over the next five years.

• Businesses will be the top adopter of IoT solutions because they will use IoT to 1) lower operating costs; 2) increase productivity; and 3) expand to new markets or develop new product offerings.

• Governments will be the second-largest adopters, while consumers will be the group least transformed by the IoT.


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• The complex infrastructure of the Internet of Things distilled into a single ecosystem

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• The important role analytics systems, including edge analytics, cloud analytics, will play in making the most of IoT investments

• The sizable security challenges presented by the IoT and how they can be overcome

• The four powerful forces driving IoT innovation, plus the four difficult market barriers to IoT adoption

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• In-depth analysis of how the IoT ecosystem will change and disrupt 16 different industries


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