GE partners with EY to offer industrial IoT services

Its not science fiction. This next Industrial Revolution is happening as we speak. Its so big that it could mean new revenue streams for your company and new opportunities for you. The only question is: Are you fully up to speed on the IoT?After months of researching and reporting this exploding trend, John Greenough and Jonathan Camhi ofBI Intelligencehave put togetheran essential report on the IoTthat explains the exciting present and the fascinating future of the Internet of Things. It covers how the IoT is being implemented today, where the new sources of opportunity will be tomorrow and how 16 separate sectors of the economy will be transformed over the next 20 years.

Complete analysis of the likely future investment in the critical IoT infrastructure: connectivity, security, data storage, system integration, device hardware, and application development

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How the IoT Will Affect Security & Privacy

In-depth analysis of how the IoT ecosystem will change and disrupt 16 different industries

The most comprehensive breakdown of the benefits and drawbacks of mesh (e.g. ZigBee, Z-Wave, etc.), cellular (e.g. 3G/4G, Sigfox, etc.), and internet (e.g. Wi-Fi, Ethernet, etc.) networks

GE partners with EY to offer industrial IoT services

GE Digital, the companys software subsidiary focused on the industrial IoT,announcedthat it is partnering with consulting giant EY to offer services to help companies implement their industrial IoT initiatives with GEs Predix cloud platform.

Imagine smart mirrors that allow you to digitally try on clothes. Assembly line sensors that can detect even the smallest decrease in efficiency and determine when crucial equipment needs to be repaired or replaced. GPS-guided agricultural equipment that can plant, fertilize, and harvest crops. Fitness trackers that allow users to transmit data to their doctors.

Governments will be the second-largest adopters, while consumers will be the group least transformed by the IoT.

The sizable security challenges presented by the IoT and how they can be overcome

The report gives a thorough outlook on the future of the Internet of Things, including the following big picture insights:

The complex infrastructure of the Internet of Things distilled into a single ecosystem

And when you dig deep into the report, youll get the whole story in a clear, no-nonsense presentation:

The choice is yours. But however you decide to acquire this report, youve given yourself a powerful advantage in your understanding of the fast-moving world of the IoT.

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IoT devices connected to the Internet will more than triple by 2020, from 10 billion to 34 billion. IoT devices will account for 24 billion, while traditional computing devices (e.g. smartphones, tablets, smartwatches, etc.) will comprise 10 billion.

Although manufacturing and industrial companies are investing heavily in IoT technologies, there are still many industry-wide barriers to more widespread adoption of those technologies. Those barriers include cybersecurity concerns, a lack of interoperability standards that allow devices and systems from different vendors to communicate with each other, and managing workforce changes brought on by increased automation.

GE and EY will try to help companies handle these challenges on an individual basis through the new services.

From connected homes and connected cars to smart buildings and transportation, every aspect of our lives will be affected by the increasing ability of consumers, businesses, and governments to connect to and control everything around them.

The four powerful forces driving IoT innovation, plus the four difficult market barriers to IoT adoption

Top IoT Companies to Watch & Invest In

Nearly $6 trillion will be spent on IoT solutions over the next five years.

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A vertical stack of three evenly spaced horizontal lines.

The important role analytics systems, including edge analytics, cloud analytics, will play in making the most of IoT investments

To get your copy of this invaluable guide to the IoT universe, choose one of these options:

Businesses will be the top adopter of IoT solutions because they will use IoT to 1) lower operating costs; 2) increase productivity; and 3) expand to new markets or develop new product offerings.

The IoT Revolution is picking up speed and when it does, it will change how we live, work, travel, entertain, and more.

Those services will combine tools from GEs Predix platform for data collection and analysis and its expertise in manufacturing with EYs business advisory services. By advising industrial enterprise clients on how to solve some of the challenges mentioned above, GE is hoping to gain wider adoption of its Predix platform as part of its efforts to become one of the worlds 10 biggest software providers by 2020.

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