Microsoft (MSFT), GE (GE) Enter Deal to Integrate Predix into Azure for Industrial Customers

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here. GE (NYSE: GE) and Microsoft Corp. (Nasdaq: MSFT) announced a partnership that will make GE’s Predix platform for the Industrial Internet available on the Microsoft Azure cloud for industrial businesses. The move marks the first step in a broad strategic collaboration between the two companies, which will allow customers around the world to capture intelligence from their industrial assets and take advantage of Microsoft’s enterprise cloud applications. According to Gartner, 6.4 billion connected things are expected to be in use worldwide this year, and that number is predicted to climb to more than 20 billion by 2020,1 presenting a significant opportunity for companies to drive their own digital transformation. As businesses look to connect their industrial machines…


Link to Full Article: Microsoft (MSFT), GE (GE) Enter Deal to Integrate Predix into Azure for Industrial Customers