Demystifying Predix
If Predix is comparable to other technology platforms, what then makes Predix unique, aside from its industrial application?
Predix provides industrial level security to protect machines as you connect them to other assets and to the cloud. It can absorb any kind of data, structured and unstructured, including e-mail data, voice data, field data and video data. It enables its users to rapidly run complex combinations of analytics, and also allows concurrent multiple users and exhibits all the latest attributes that an industrial user would expect in a platform as a service offering.
GE is continuously developing Predix to find wider applications in more industries. Today, Predix is successfully changing the operational landscape of the world’ s major industries, including oil & gas.
Asset Performance Management( APM) applications on Predix are now contributing to minimizing customer shutdown time and extending the operating life of oil & gas assets. Boufarah reports that the technology is now running with 28 customers in the Middle East alone.
GE itself applies its digital technologies in its facilities, including those for manufacturing and supply chain, which, in 2016, resulted in more than USD 700 million in savings.“ We are practicing what we are preaching. We are able to take advantage of the benefits of the digital technology that we are implementing.” Ultimately, Boufarah believes that digital transformation is a journey, and that customers are going to see its full benefits in two or three years after implementation.
28 Construction Leaders • April 2017