Monetizing the Industrial Internet of Things

The Industrial Internet of Things may well be the ultimate expression of where the data sphere is heading in the next couple of years.

It combines Big Data sets with real time and predictive analytics (Operational Intelligence) capabilities through the Cloud to influence decision making and to create and tailor a variety of services to augment customer satisfaction, increase efficiency, and minimize latency.

Its capacity to do so was substantially increased with the recent release of Equipment Insight, a solution from GE Intelligent Platforms that is specifically created to discern real-time (and future) insight into machine performance for Original Equipment Manufacturers (OEMs) looking to collect and monitor data about the performance of their products.