General Electric (GE) and Oracle are to join forces on a new platform which aims to help companies digitally connect industrial assets globally.
Under the partnership, GE Digital and Oracle will develop and consolidate complementary solutions across their product portfolios.
GE Digital’s Predix offering integrates technology and industry experience into a Platform-as-a-Service (PaaS) that aims to absorb machine-grade data at scale and analyse it to deliver fast results.
Predix is the cloud platform that connects people and machines with big data & analytics on the cloud to help users bring the Industrial Internet to their business.
The data from Industrial Internet devices will be used by Oracle’s enterprise solutions, including Oracle Cloud Platform, Oracle Cloud Applications and ERP and Supply Chain Management applications, to help automate and optimise business processes.
The operational technology of GE along with Oracle’s enterprise solutions are planned to be integrated into a single optimised view for customers.
Customers can have end-to-end insight from customer assets in the field and on the factory floor, to the front and back office to the boardroom.
They can connect any machine or sensor to any other machine or business application as well as create disruptive and new products and services.
The solutions can be used to increase the benefits of the convergence of operational technologies with information technologies to drive business outcomes like operational efficiencies, cost to quality reduction and improved customer experiences.
Oracle product development president Thomas Kurian said: "GE’s Industrial Internet platform sets the standard for the industry and we are committed to developing joint solutions that leverage Oracle’s enterprise expertise in analytics and business applications to deliver digitally- enabled business process innovation for industrial companies."
The companies will bring their large partner ecosystems together to train, certify and implement powered by Predix solutions with Oracle’s Cloud offerings, technology software and business applications.
GE Digital CEO Bill Ruh said: "We are building an ecosystem with world-class partners who share our belief that customers benefit at the intersection of information technology and operations technology.
"Oracle has become a market leader in cloud-based enterprise software and we are co-developing solutions on Predix that will leverage this intersection to provide our customers with new insights that were not possible before."
Last month, GE and Tata Consultancy Services have formed an alliance to expand the industrial internet through digital reimagination.
