Minds and Machines:
The Extraordinary Opportunity of the Industrial Internet

November 29th, 2012 | by Jim Motavalli

When you think Internet, you don’t often think “jet engine.” But it turns out that engines can be very chatty, generating reams of data every second. That explains why a huge turbine dominated the stage in San Francisco Thursday when Jeff Immelt, chairman and CEO of GE, strode out for a conference on the nascent Industrial Internet. (GE is the sponsor of Txchnologist.)

Each day, Immelt said, a plane generates a terabyte of data about fuel consumption, altitude, turbulence and many other aspects of its complex flight. There is huge potential value in that big data flow, which can be used to analyze and optimize how the engine operates and what maintenance steps are needed even before a plane lands.

What kind of value?

The combination of fast-evolving advanced computers, low-cost sensing and new levels of connectivity making possible networked machines could add $10 to $15 trillion in value to worldwide GDP by 2030, according to a new GE report entitled “Industrial Internet: Pushing the Boundaries of Minds and Machines.”

GE’s conference on the topic “Minds and Machines 2012,” brought together leading minds to talk about how the information-sharing revolution will soon spread to mainstream industries including healthcare, aerospace, rail and energy.

Read more: Minds and Machines: The Extraordinary Opportunity of the Industrial Internet — txchnologist.

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