MOUNTAIN VIEW, Calif., Jan. 26, 2016 /PRNewswire/ -- Based on its recent analysis of the industrial software market, Frost & Sullivan recognizes GE with the 2015 Global Frost & Sullivan Growth Excellence Award for Application Convergence. GE has demonstrated impressive foresight in introducing Predix, a disruptive software platform that captures and analyzes the unique volume, velocity and variety of machine data generated across the industrial world. Predix connects machines of any vintage and from any vendor within a secure, industrial-strength cloud environment, presenting customers with a comprehensive view of all the available assets for centralized and optimized operations. Through partnerships with Intel, AT&T, Vodafone, Verizon, Pivotal, SoftBank and Cisco, Predix creates a wholesome ownership experience, while its pre-packaged services offer a holistic service.
GE's Predix cloud is purpose-built for industrial data and analytics across industry verticals such as energy, healthcare, manufacturing, aviation and transportation to ensure helping them understand safe practices for machine-to-machine connectivity.
Predix cloud delivers a unique approach to industrial cyber security. The industrial Platform-as-a-Service capabilities have security embedded at every level of the cloud stack. This specialized approach provides insight into data loss and helps monitor, detect and isolate malware or malicious activities, and brings customers to a more advanced, modern place with cyber security.
Predix can be deployed on machines, on premise, or in cloud to connect the devices and machines on the floor. Besides device integration, it facilitates data assimilation and management, data analytics, and mobility.
"As the transformation of industries is a continuous process, Predix connects both legacy machines as well as new ones on an industrial scale through its various applications that synthesize protocols to procure the data from the devices," said Frost & Sullivan Research Analyst Ashay Abbhi. "Importantly, in line with its vision to truly create an industrial application ecosystem of the future, GE invites system integrators, service providers, customers and industrial developers to build applications on its platform and open up a collaborative innovation system."
Acknowledging the scale and volume of industrial data, Predix cloud was purpose-built to store, analyze, and manage machine data in real time. From capturing and analyzing time series data from a locomotive with thousands of sensors to delivering large object data like a 3D MRI image to a doctor for diagnosis, Predix cloud is built for the variety, volume, and velocity of industrial data. Moreover, Predix has placed considerable emphasis on user experience (UX), and has standardized its software experience to present a complex technology in a compelling way.
Leveraging its domain expertise as a 130-year industrial manufacturer and years of software experience, GE has built Predix to offers services not only to customers, but also developers so that they can install wide-ranging analytics for industrial purposes. Predix eliminates barriers to entry for developers, making it easier for them to build, test and deploy industrial apps in the cloud, and paving the way for entirely new innovations across the Industrial Internet.
"GE pioneered the platform-based approach in the market to drive an integrated ecosystem of industry-specific applications," noted Abbhi. "The stewardship displayed by Predix in building out the industrial cloud with layered provisioning and security has placed it in a strong position to become the industry standard for connecting people, processes and technologies."
Each year, Frost & Sullivan presents this award to the company that has introduced an application that showcases its completeness of vision, ecosystem maturity, ability to replace existing market incumbents, and provide a path to long-term sustenance. The recipient's disruptive applications have significantly enhanced its brand, creating and/or nurturing brand loyalty. Customers perceive the application to have the potential to create new revenue streams and are proud to own the company's solution.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
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