4 ways GE is boosting performance and reducing costs with IoT

To fully grasp the potential benefits of the Internet of Things, look no further than General Electric. GE is making a big bet on industrial Internet of Things technology, also known as the IIoT. And Sanjeev Addala, chief digital officer for the company’s Renewable Energy business unit, makes an excellent case for why the bet will pay off. Addala came to GE in January of this year from Caterpillar, where he served as the chief digital officer and helped introduce entirely new digital products and services, such as new maintenance programs, by using data collected from sensors and the analytics on the company’s machines. “We’re able to reduce maintenance costs up to 10 percent and reduce more than 20 percent of unplanned maintenance” Now he’s undertaking a similar effort at…


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