GE announced that it opened Predix, a massive software platform for industrial use, to all developers and companies worldwide.
The announcement was made at the Mobile World Congress in Barcelona, Vanguard reported. Predix was developed through $1 billion of investment by GE and was created to support the Industrial Internet, a new phase of the Web that connects large- and small-scale machines, power plants and devices worldwide
Predix is a cloud-based software that enabled GE to gather and analyze data from gas turbines, jet engines and MRI scanners, explained the source. GE had previously allowed access to the system to several companies, including Pitney Bowes.
Vanguard reported that GE also announced a “digital alliance” at the conference with companies including Capgemini, Infosys and Intel.
The Industrial Internet of Things will hugely impact the way companies, manufacturers and even individual users interact with machines and has the potential to improve production efficiencies, according to Formtek.
“The IIoT, through the use of sensors, advanced analytics and intelligent decisioning, will profoundly transform the way field assets connect and communicate with the enterprise,” stated a report by McRock Capital.