GE and Pitney Bowes Join Forces to Bring the Power of the Industrial Internet to the World of Commerce
July 14 2015 - 10:57AM
Business Wire
- Pitney Bowes to leverage GE Predix
software platform to deliver custom-built innovative applications
to its clients to drive greater productivity, operational savings
and improved service levels
- Big data to be harvested from complex
mission critical machines to transform asset performance management
information into predictive, actionable insight
GE (NYSE:GE) and Pitney Bowes (NYSE:PBI) today announced an
alliance to develop customized asset performance management (APM)
applications for Pitney Bowes and its Enterprise Business Solutions
customers. All of the services will be built on and powered by
Predix, GE’s software platform for the Industrial Internet. This
will enable Pitney Bowes to analyze data generated from its own
production mailing and shipping machines and those of its clients
to provide client and productivity services, and job scheduling
capabilities that improve business outcomes.
Pitney Bowes clients, such as financial institutions,
telecommunications providers, and insurance firms, are producing
and mailing hundreds of thousands of transactional and direct mail
pieces daily. By combining the physical and digital elements of
high-speed production mail operations and leveraging big data
analytics, they will gain greater visibility, increased
productivity, significant operational efficiencies and more
reliable services for their machines.
With applications based on GE Predix, Pitney Bowes will also be
able to improve asset performance and drive operational
efficiencies for its on-site and on-call service models. The
custom-built APM solutions will be designed to help Pitney Bowes
proactively identify, diagnose and resolve asset service issues
even before the client is aware, reducing and eliminating downtime.
The applications will also help Pitney Bowes clients drive machine,
personnel, factory site and company-wide operational productivity.
These services will provide business opportunity for Pitney Bowes
as they offer these applications and their benefits to
customers.
“Our partnership with GE will help accelerate Pitney Bowes’ pace
of innovation in combining physical and digital solutions to enable
commerce. It is an important step in a series of activities we are
pursuing across Pitney Bowes as part of our technology strategy. By
adding this next generation of data analytics and digital solutions
to our hardware products, we will be able to drive more valuable
solutions and business outcomes for our clients,” said Roger Pilc,
chief innovation officer of Pitney Bowes.
“Predix is the backbone of the Industrial Internet, and to have
an established global technology company integrating it into their
business is a huge step forward,” added Bill Ruh, vice president of
GE Software. “From improving efficiencies to impacting their bottom
line, we expect these custom-built applications to have a
significant impact on Pitney Bowes’ business by increasing
productivity, shrinking downtime and improving the performance of
its assets across the board.”
"We see this initiative as potentially transformative to our
Production Mail business unit,” said Jason C. Dies, president of
Document Messaging Technologies at Pitney Bowes. ”By gathering
digital data from production mail machines, Pitney Bowes can drive
compelling business outcomes for our clients. The combination of
data, analytics and software customized for this environment by GE
Predix delivers an innovative competitive advantage for Pitney
Bowes and our customers.”
Pitney Bowes initially plans to offer the following applications
on the GE Predix platform:
- Client Services provide insights into
asset, application and operator performance that optimize break/fix
and preventive maintenance scheduling.
- Productivity Services with analysis of
throughput and other productivity metrics drive machine, operator,
and factory productivity and efficiency.
- Job Scheduling and Capacity Planning
provide tools for efficiently planning and scheduling work
according to available assets and capacity.
Pitney Bowes and GE are members of the Industrial Internet
Consortium working with other IIC members to advance the use and
commercial benefits of machine-to-machine and Internet-of-Things
technologies. As physical and digital worlds merge, the IIC is
defining open interoperability standards and common architectures
to connect smart devices, machines, people, processes and data, so
organizations can leverage data and analytics from
Internet-connected devices to optimize operations and develop
innovative new offerings.
ABOUT PITNEY BOWES
Pitney Bowes is a global technology company offering innovative
products and solutions that enable commerce in the areas of
customer information management, location intelligence, customer
engagement, shipping and mailing, and global ecommerce. More than
1.5 million clients in approximately 100 countries around the world
rely on products, solutions and services from Pitney Bowes.
About GE
GE (NYSE: GE) imagines things others don’t, builds things others
can’t and delivers outcomes that make the world work better. GE
brings together the physical and digital worlds in ways no other
company can. In its labs and factories and on the ground with
customers, GE is inventing the next industrial era to move, power,
build and cure the world. www.ge.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150714005915/en/
GE SoftwareHolly Gilthorpe, +1-925-242-6896M
+1-408-644-0416gilthorpe@ge.comorPitney BowesCarol Wallace,
203-351-6974Carol.wallace@pb.com
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