Don’t Be on the Wrong Side of History: : GE Digital & GE Power learnings

#Discussion(General) [ via IoTForIndiaGroup ]

To continue the conversation, I’ll offer four predictions on how the Industrial IoT market will play out over 2019…

Steven Martin, Chief Commercial Officer, GE Digital & Chief Digital Officer, GE Power at GE

#1 Aggregated data will beat algorithms (even really good ones) every time

One thing we have learned at GE from decades of creating industrial technology is that the ability to securely aggregate data across an entire fleet offers the best insights – better than any device-specific algorithm could on its best day.

As Peter Norvig, Director of Research at Google, is often quoted as saying, “We don’t have better algorithms. We just have more data.” More is just better, as long as you know what to do with it.

#2 Domain knowledge is irreplaceable

Did you know that on average, less than 5% of all industrial data is reviewed? It’s not that it’s unusable. It requires very specific expertise to consume it and gain insights. Those of us closest to the hardware are best positioned to optimize it. Why? Because we have knowledge of the asset and ability to identify which data sets are most integral for optimization.

#3 Cloud providers will move higher in the stack
A truth since the dawn of the software industry: Pure-play vendors get consumed by larger infrastructure providers reducing risk and complexity. They will do this across data ingestion, data management, analytics and a ton of other places.

#4 The days of recommendations are limited, very limited

At GE Power we increasingly find ourselves aligning APM and OPM functionality much more closely to our operational systems so that action is immediately taken. Running a report on things we can do to tune a system is helpful, but not nearly as helpful as automating that system to implement the change (within safety boundaries of course).

We know how because of the vast expertise accumulated by the GE employees who have spent their entire careers building and optimizing hardware alongside our valued customers.

Revolutionary hardware deserves revolutionary software. If you only have one or the other, you actually have neither.

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