LONDON and SAN RAMON, Calif., May 18, 2016
/PRNewswire/ -- EY and GE Digital (NYSE: GE) announce a new
strategic alliance to develop and provide Industrial Internet of
Things (IIoT) services to help industrial companies achieve
increased productivity from capital assets and processes linked in
the cloud.
EY and GE Digital will develop and deliver industry-specific
services based on GE's Predix® cloud-based operating
system. The services can help companies reduce operating expenses
and increase revenue through improved machine uptime and
streamlined industrial workflows.
EY, which has been working with GE for more than 10 years, joins
GE's ecosystem of global alliance partners, which gives members
access to digital tools and domain expertise from across GE. EY
will provide its extensive experience in business transformation;
IoT, data analytics and IT cybersecurity capabilities; and access
to global resources across multiple industries.
Lionel Lamy, Associate
Vice-President, Co-Lead ‒ European IoT Practice, IDC, says:
"Within the global economy, CxOs face tough challenges: the
unrelenting pressure to do more with less and optimize performance
whilst controlling costs, as well as the need to innovate. They
must get more from their fixed assets, improve capital ROI and
optimize the productivity and value of their increasingly mobile
and demanding workforce. The Internet of Things helps address
these issues, but as a complex and fast-moving market, partnerships
must be formed to ensure a holistic, end-to-end approach. This
alliance, combining GE Digital's Industrial IoT technologies with
EY's IoT experience confirms the vital role of collaboration and
strategic relationships. Bringing data analytics and cloud
capabilities to co-create services to help companies use their data
to realize significant gains in workflows and productivity will go
a long way to address key business challenges."
Carmine Di Sibio, EY Global
Managing Partner ‒ Client Service, says:
"At EY, we are forming strategic alliances, like the one today
with GE Digital, to better serve our clients and new markets. With
GE Digital, we'll help industrial companies not only improve
productivity of their existing assets, but also help them to
fundamentally reshape their enterprises."
In the oil and gas industry, producers can use the IIoT to
develop maintenance schedules that improve oil rig uptime, reduce
the number of times workers must travel to maintain rigs and
identify the tools and parts they need to take with them. In other
industries, like hospitality, the IIoT can help a hotel system
"know" when to block availability of a room because the plumbing
requires maintenance.
Bill Ruh, Senior Vice President and Chief Digital Officer, GE
and CEO, GE Digital, says:
"We are building an Industrial Internet ecosystem with
world-class partners who share our commitment to delivering better
outcomes for our customers. Together, we are co-developing
solutions on Predix that will combine GE's industrial domain
expertise with EY's innovative approaches to addressing complex
business challenges to uncover creative ways to increase
productivity and efficiency for our customers through data and
analytics."
Jeff Liu, EY Leader for the GE
alliance, and EY Global Sector Head, Technology, says:
"With data and digital technology impacting every industry,
businesses are under tremendous pressure to adapt in almost real
time. Our expanded relationship with GE and approach to digital
operations will enable us to bring innovative IIoT services to
market to help clients dramatically improve productivity, reduce
cost and increase revenues."
Barbara
Burgess
|
Amy
Sarosiek
|
EY Global Media
Relations
|
GE Digital
|
+1 212 773 1652
|
+1 847 277 4046
|
barbara.burgess@ey.com
|
amy.sarosiek@ge.com
|
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SOURCE EY