Intelligent CIO Middle East Issue 23 | Page 45

FEATURE: IOT and our field service management solution ServiceMax.” “Our portfolio is powered by Predix, our purpose-built Industrial Internet platform. Our long-term vision is to further strengthen our digital industrial suite of solutions and partner with our customers to transform the industrial world, and help unlock its true potential,” Ruh continues. The drivers of Industrial Internet of Things in the region as well as globally are the same. The key driver for both is the remarkable growth in Internet penetration and the disruptive innovation in efficiencies and productivity made possible through the newest advances in digital technology. By 2020, an estimated 50 billion machines will come online, boosting global GDP by as much as $15 trillion by 2030 through accelerated productivity growth. manages the entire asset lifecycle. Our applications help industry’s run their assets more efficiently and make people more efficient, arming them with the right information to make more informed decisions. Of course, deploying Industrial IoT solutions will need an open approach from all stakeholders, they must be willing to explore the limitless possibility of the disruptive innovations.” “But I believe that we are already there. The growth that our business has recorded in the past year underpins the extraordinary trust of our partners in the transformational growth that Industrial IoT can deliver,” says Ruh. The challenge for GE is that no other company has tried this kind of strategy. GE is really writing its own playbook. What took SalesForce 10 years and Amazon seven years, GE is going to achieve it in three years. Digital industrial transformation also requires internal transformation. It is never easy to change an existing business model when something has been working, but it is critical to bring the entire GE company on this journey. GE Digital supports its global customers with Industrial Internet of Things applications, including asset performance management, operations optimisation solutions and cyber security The modernisation of industry is the biggest opportunity that exists today, and that is what GE is delivering through its Industrial Internet of Things solutions. Just 1% efficiency gains could equate to more than $150 billion dollars saved annually for industries like energy, transportation, and healthcare. “We need integrated hardware, software and an ecosystem of partners for our Industrial Internet of Things solutions. To achieve this, we created a new model. We have the only global, comprehensive offering that www.intelligentcio.com That is why GE has created a new leadership model with Chief Digital Officers for each of the businesses, establishing an L-shaped structure that allows them to leverage scale, coupled with their digital DNA. GE partners span the breadth of industry, from energy to oil and gas, healthcare, aviation and transportation, as well as systems integrators, telecommunications firms and technology companies. GE has partnered with Dr Sulaiman Al Habib Medical Group to open the region’s first digital hospital in Dubai. It is working with SembCorp Gulf O&M, the operations and maintenance company for Fujairah F1 Independent Water and Power Plant, to mark the first global GE Asset Performance Management solution built for the desalination industry at the plant. GE is also working to co-create innovative digital solutions. GE Additive has joined hands with Mubadala and the Dubai Future Foundation to establish the first Microfactory in the region in the UAE, seeking to accelerate revolutionary additive design, customer innovation, digital manufacturing technologies and access to global problem solving within the UAE. Recently, GE signed a strategic partnership agreement with Hewlett Packard Enterprise to bring GE Digital’s breakthrough digital industrial solutions at scale to the Middle East, Africa and Turkey. The three-year agreement with HPE, is the first collaboration of this scale and scope in the region, and will focus primarily on cyber security solutions in operational Technology, with the potential to move into other digital solutions in the future. n “The challenge for GE is that no other company has tried this kind of strategy. GE is really writing its own playbook. What took SalesForce 10 years and Amazon seven years, GE is going to achieve in three years.” INTELLIGENTCIO 45