By Jessica Leber, Technology Review
Sensors, software, and new data interfaces could help industry operate more efficiently. Things that spin: General Electric power turbines like the one shown in this rendering could transmit valuable data about electricity usage. General Electric has a new name for where it thinks its business is headed: the “industrial Internet.” The term, coined inside GE’s R&D division, reflects the company’s hope that adding more sensors to machinery will result in a deluge of data that will in turn let companies squeeze more efficiency out of locomotives, jet engines, MRI machines, and other equipment GE sells. GE says it is investing $1.5 billion in the idea over a three-year period. Some of that money is being spent on research at a large new software R&D center the company has created in San Ramon, California.
http://www.technologyreview.com/news/507831/general-electric-pitches-an-industrial-internet/
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