2018). GE has committed $1 billion to installing sensors on gas turbines, jet engines, and other machines; connecting them to the cloud; and analyzing the resulting data to identify ways to improve machine productivity and reliability. In other words, GE is betting its future on softwareand the Internet of Things (Laudon, 2018).12-15 Describe three kinds of decisions that can be supported using Predix. What is the value to the firm of each of those decisions? Explain.The foundation for all of GE’s Industrial Internet (IoT) applications is Predix, a software platform launched in 2015 to collect data from industrial sensors and analyze the information in
2018). GE is also building a developer community that will create apps that will be hosted on Predix. Predix is not only limited to industrial applications, it can also be used to analyze data within the healthcare systems. Example. GE now has a Health Cloud that can run on Predix. Data security is embedded at all platform application layers, as this is essential for companies linking their operations to the Internet (Laudon, 2018). GE currently uses Predix to maintain and monitor its own industrial products, such as jet engines, wind turbines and hydroelectric turbine systems (Laudon, 2018). Predix is also able to provide GE corporates customers’ machine operators and maintenance engineers with real-time
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