GE Digital’s SmartSignal Powered by Predix to Drive Improved Equipment Performance and Reduced Unplanned Downtime
By Business Wire News
GE (NYSE: GE) today announced that its premier predictive analytics solution, SmartSignal, will be available as part of GE Digital’s Asset Performance Management (APM) solutions on the Predix platform, the first purpose-built cloud platform for industry. SmartSignal powered by Predix will deliver premium anomaly detection with early warning capabilities that is SaaS based and therefore at a lower cost and at a higher speed, making it accessible to a broader range of distributed equipment.
“Until now, advanced equipment monitoring and predictive anomaly detection capabilities have only been available to enterprises with significant resources, both in terms of machinery expertise and capital,” said Jeremiah Stone, General Manager, Industrial Data Intelligence Solutions for GE Digital. “Because of this, insight gained through predictive analytics has been limited to high value assets due to these cost and knowledge barriers.”
Companies see condition-based maintenance as a means to cut existing operations & maintenance costs. With SmartSignal powered by Predix, they will be able to capitalize on cloud and Big Data platforms to drive more efficient and productive operations.
“There is an unmet need in the industry for a cloud platform that supports the unique requirements of industrial data and operations,” said Harel Kodesh, Chief Technology Officer and Vice President & GM of Predix. “GE Predix is the first cloud platform to meet these demanding requirements. By leveraging GE’s deep domain expertise in information technology and operational technology, Predix provides a modern cloud architecture that is optimized for operational services like asset connectivity, managing and analyzing machine data, and industrial-grade security and regulatory compliance.”
Today, SmartSignal technology provides early warning detection for more than 15,000 critical assets in customer operations. According to May Millies, Manager of Power Generation Services, Salt River Project, “SmartSignal has us listening to the right data and using that data to impact our work operations.” Salt River Project provides reliable, reasonably priced electricity and water to more than two million people in Central Arizona. Integrating data to improve visibility into operations was a key to maintaining their standing with customers. “Now that we have realized the incredible performance of the software and how strong and robust it is, we are improving asset utilization across the enterprise.”
For more information about SmartSignal and GE’s Asset Performance Management solutions, click here. To hear more from Salt River Project’s May Millies, watch her video here. And, to learn more about Predix, click here.
GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the “GE Store,” through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com.
Ellie Holman, + 508-698-7456