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GE today held a leader forum in Beijing entitled " Industrial Internet - When Intelligence Encountered a Machine", and discussed the integration of software, analysis capabilities and smart devices to help key industries operate efficiently and cost effectively. Geoff Immelt, Chairman and CEO of GE, attended the forum and held dialogues with government officials, industry and academic opinion leaders and the media to explore ways to seize the opportunities in the industrial internet, support the transformation and upgrading of China's industries and achieve technology- and service-driven Economic Growth.
The Industrial Internet is a global fusion of industrial systems and advanced computing, analytics, sensing technologies and the Internet. Through intelligent machine-to-machine connectivity and eventual human-machine connectivity, it combines software and big data analytics to restructure global industry to stimulate productivity and make the world faster, safer, cleaner and more economical. Likewise, the industrial internet will create greater productivity and sustainable development for the Chinese economy. It is estimated that if the industrial Internet is fully utilized as it is today's consumer Internet, from now until 2030, the industrial internet will likely generate a cumulative increase of 3 trillion U.S. dollars in GDP for the Chinese economy.
Immelt said that the world has witnessed three industrial revolutions, and the Internet as a second wave has changed the way people work. The Industrial Internet now underlined by General Electric is a revolutionary move to bring productivity to life through intelligent machines coupled with analytic capabilities.
Referring to the advantages of the industrial Internet, Immelt introduced minimizing unplanned failures as far as possible. Asset optimization and system optimization can bring about tremendous productivity gains. This is the greatest advantage of the industrial Internet. For example, in the field of aeroengines, customers can save 30 billion U.S. dollars in the next 15 years by saving 1% of their fuel.
For the industrial internet to become the next peak of economic growth in China, Immelt said that in the past 20 years, China has invested heavily in infrastructure, which is of crucial importance to China. Once the infrastructure investment is completed, the productivity of all industries can be enhanced through services. This will bring more opportunities for Chinese enterprises and foster more talents. The Industrial Internet can have a huge impact on the completed infrastructure investment, giving huge opportunities to Chinese companies and partners.
Immelt also pointed out that in addition, China has many opportunities to further improve the utilization of existing assets so that it will achieve peak efficiency. In a country such as China, the optimization of energy and resources will be the largest application area of ​​the industrial internet. In addition, applications such as control systems, sensors and remote monitoring will also be very useful. In China, excellent companies and industries will be spawned, which will not only increase productivity but also create more employment opportunities.
Immelt also emphasized that innovation, productivity and the digital revolution will be the cornerstones of future prosperity. Such as the current thriving 3D printing, this technology will enable the democratization of manufacturing, universal, bring far-reaching impact on the service industry, bringing huge wealth effect, and in the future to increase productivity.
Immelt noted that China's infrastructure, including smart grids, intelligent transportation systems, and more efficient medical capabilities, has also invested heavily in Internet-related technologies such as sensors and the Internet of Things for the industrial sector. The industry moves toward the Industrial Internet, requiring more innovative talent focused on analyzing software and data analytics. GE plans to set up software and analysis centers in China and expand its software and analytics talent pool at GE China's existing R & D and innovation centers in Shanghai, Chengdu and Xi'an. The goal of the new software center is to develop high-performance software development and analysis capabilities tailored to Chinese customer needs and to support application development for industrial internet to help customers in the medical, aerospace, energy, water and oil and gas industries enhance productivity and operations effectiveness.
At the forum, GE also introduced how the Industrial Internet has changed the business operation and service model of major industries and put forward some service technologies and cases specially developed for Chinese customers to help industries such as medical, aviation, energy, water treatment and oil and gas industries improve Productivity and operational efficiency.
The Industrial Internet is a global fusion of industrial systems and advanced computing, analytics, sensing technologies and the Internet. Through intelligent machine-to-machine connectivity and eventual human-machine connectivity, it combines software and big data analytics to restructure global industry to stimulate productivity and make the world faster, safer, cleaner and more economical. Likewise, the industrial internet will create greater productivity and sustainable development for the Chinese economy. It is estimated that if the industrial Internet is fully utilized as it is today's consumer Internet, from now until 2030, the industrial internet will likely generate a cumulative increase of 3 trillion U.S. dollars in GDP for the Chinese economy.
Immelt said that the world has witnessed three industrial revolutions, and the Internet as a second wave has changed the way people work. The Industrial Internet now underlined by General Electric is a revolutionary move to bring productivity to life through intelligent machines coupled with analytic capabilities.
Referring to the advantages of the industrial Internet, Immelt introduced minimizing unplanned failures as far as possible. Asset optimization and system optimization can bring about tremendous productivity gains. This is the greatest advantage of the industrial Internet. For example, in the field of aeroengines, customers can save 30 billion U.S. dollars in the next 15 years by saving 1% of their fuel.
For the industrial internet to become the next peak of economic growth in China, Immelt said that in the past 20 years, China has invested heavily in infrastructure, which is of crucial importance to China. Once the infrastructure investment is completed, the productivity of all industries can be enhanced through services. This will bring more opportunities for Chinese enterprises and foster more talents. The Industrial Internet can have a huge impact on the completed infrastructure investment, giving huge opportunities to Chinese companies and partners.
Immelt also pointed out that in addition, China has many opportunities to further improve the utilization of existing assets so that it will achieve peak efficiency. In a country such as China, the optimization of energy and resources will be the largest application area of ​​the industrial internet. In addition, applications such as control systems, sensors and remote monitoring will also be very useful. In China, excellent companies and industries will be spawned, which will not only increase productivity but also create more employment opportunities.
Immelt also emphasized that innovation, productivity and the digital revolution will be the cornerstones of future prosperity. Such as the current thriving 3D printing, this technology will enable the democratization of manufacturing, universal, bring far-reaching impact on the service industry, bringing huge wealth effect, and in the future to increase productivity.
Immelt noted that China's infrastructure, including smart grids, intelligent transportation systems, and more efficient medical capabilities, has also invested heavily in Internet-related technologies such as sensors and the Internet of Things for the industrial sector. The industry moves toward the Industrial Internet, requiring more innovative talent focused on analyzing software and data analytics. GE plans to set up software and analysis centers in China and expand its software and analytics talent pool at GE China's existing R & D and innovation centers in Shanghai, Chengdu and Xi'an. The goal of the new software center is to develop high-performance software development and analysis capabilities tailored to Chinese customer needs and to support application development for industrial internet to help customers in the medical, aerospace, energy, water and oil and gas industries enhance productivity and operations effectiveness.
At the forum, GE also introduced how the Industrial Internet has changed the business operation and service model of major industries and put forward some service technologies and cases specially developed for Chinese customers to help industries such as medical, aviation, energy, water treatment and oil and gas industries improve Productivity and operational efficiency.
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