GE Digital Strengths, Domain Expertise, and Key Differentiators
GE Digital develops software and connects streams of machine data to analytics and people, providing industrial companies with insights to manage assets and operations.
Predix Platform is GE Digital’s proprietary platform for developing industrial internet of things (IIoT) applications. It was launched to connect physical GE assets to its analytics platform, allowing industrial companies to link assets and collect data to centralize asset performance diagnostics. GE expanded and opened the Predix Platform to companies building industrial applications and services as a cloud-based service that allowed the platform to scale. This was followed by the announcement of Predix cloud in, which GE built specifically to handle the types of data generated by heavy-duty machinery such as jet engines. Industrial companies already face huge complexities across their operations, environments, and computing ecosystems.
GE Digital’s Predix Edge is the solution that brings a new level of ease to the IIoT by enabling businesses to deploy workloads at the edge in a matter of minutes. The changes mark an important course correction for GE Digital, which so far has not delivered the revenue investors wanted and is partly responsible for a 25 percent decline in GE's share price this year to a nearly two-year low. With fixes in place, GE will now emphasize sales to existing customers in its energy, aviation, and oil-and-gas businesses, and scale back efforts to sell to new customers in other sectors.
GE Digital Recent Developments
In mid-2019, GE Digital launched Predix Manufacturing Data Cloud (MDC), a cloud solution purpose-built to consolidate and transform manufacturing data across plants for enterprise cloud storage and analysis.
Predix MDC provides manufacturers with a secure, reliable way to ingest and store data in the cloud, speeding process implementation by up to 50 percent and giving users rich views into information captured at individual sites as well as the ability to run analytics and comparisons across various locations and data types, including manufacturing, enterprise, and asset data.
Additionally, MDC can significantly reduce on-premise storage and maintenance costs, freeing up computing systems to focus on core capabilities.
GE Digital Mergers and Acquisitions (M&A) Activities
In January 2017 GE Digital acquired Meridium, a global leader in asset performance management (APM) software and services for asset-intensive industries.
As an established Industrial Internet leader, this acquisition will help GE Digital accelerate its comprehensive APM offering and provide a solution to customers that unifies real-time analytics with reliability-centered maintenance best practices, delivering a complete APM solution. Meridium customers will gain access to GE’s deep domain expertise in real-time data management and advanced industrial analytics.
GE Digital Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying GE Digital applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of GE Digital and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Predix Asset Performance Management, Predix Operations Performance customers.
GE Digital Overview
Ownership: - General Electric
Number of Employees: 5800
Functional Markets: ERP Services and Operations Management,
GE Digital Key Enterprise and Cloud Applications
Predix Asset Performance Management, Predix Operations Performance
GE Digital Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
GE Digital Revenue Breakdown By Type, $M:
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GE Digital Enterprise Applications Revenues By Functional Markets, $M:
GE Digital Enterprise Applications Revenues By Verticals, $M:
GE Digital Revenues By Region, $M
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GE Digital Direct vs Indirect sales
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GE Digital Customers - Breakdown by Geo, Size, Vertical and Product
No. of GE Digital Customers: 1000
No. of GE Digital Enterprise Applications Customers: 1000
No. of GE Digital Cloud Customers: x
No. of GE Digital Cloud Subscribers: x
More than 1,000 customers on its Predix platform.
Recent customer wins include Grid Solutions, EON, A2A, OMU, Bruce Power, Nova Scotia, SRP, Xcel Energy, Basin Electric, Gallo Glass, Impala Platinum, City of Chandler, TransCanada, Kospo Met, AirAsia, TRASNEE, Exelon, Bruggen, and many more.
GE Digital Market Opportunities, M&A and Geo Expansions
In November 2018 GE Digital released a new Predix Edge offering aimed at simplifying edge-to-cloud computing and helping businesses securely progress their Industrial Internet of Things (IIoT) initiatives from pilot to production.
GE Digital also introduced its Predix Private Cloud (PPC) solution, an on-premises deployment of the Predix platform, which gives customers the privacy, security, data sovereignty, and data isolation provided by a private cloud infrastructure.
GE Digital Risks and Challenges
In December 2018, Ge Digital sold a majority stake in ServiceMax for $400 million, a business that makes computer models for workforce optimization, to private equity firm Silver Lake, after buying the company back in 2016 for $916 million.
GE plans to spin off its GE Digital business, including its Predix Internet of Things (IoT) platform, into a new, independent company owned by GE. The as-yet-unnamed company will start with $1.2 billion in annual software revenue from its existing customer base. This path the company is taking is part of the new CEO General Electric hired, Henry Lawrence Culp's strategy.
GE Digital Ecosystem, Partners, Resellers and SI
In July 2018 GE and Microsoft partnered, bringing together operational technology and information technology to eliminate hurdles industrial companies face in advancing digital transformation projects.
As part of the union, GE Digital plans to standardize its Predix solutions on Microsoft Azure and will deeply integrate the Predix portfolio with Azure’s native cloud capabilities, including Azure IoT and Azure Data and Analytics. The parties will also co-sell and go-to-market together, offering end customers premier Industrial IoT (IIoT) solutions across verticals. In addition, GE will leverage Microsoft Azure across its business for additional IT workloads and productivity tools, including internal Predix-based deployments, to drive innovation across the company.
EY and GE Digital have formed a new strategic alliance to develop and deliver Industrial Internet services based on the Industrial Internet of Things (IIoT) that will help industrial companies achieve increased productivity from capital assets and operating processes linked by the cloud. Alliance services are intended to be game-changers for industrial companies: designed to help increase a company’s operating efficiency, identify entirely new business opportunities — or both. This alliance brings EY into GE Digital’s partner ecosystem, blending the best of both organizations’ ongoing commitments to digital innovation on behalf of our mutual industrial clients.
GE Digital Cloud Infrastructure Insights
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- GE Digital Public Cloud and Infrastructure (IaaS)
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- GE Digital Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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