The Rise of the Industrial Internet
The Industrial Internet, at its most basic level, encompasses the use of sensors embedded into machines and accessed through global networks. In November, GE announced that it would demonstrate the potential efficiency gains of the Industrial Internet by investing $1.5bn to bring its machines online.
"The reality today is for very low costs, you can connect instruments to a central location and have the information online, immediately, at all times," said Rich Carpenter, chief technology strategist at GE Intelligent Platforms. "You can have a set of analytics that push the right information out to the right people…it’s a very exciting trend."