GE launches asset management offering for manufacturing industry

Engine manufactoringGE Digital has launched its suite of its suite of Asset Performance Management (APM) solutions, a cloud-based offering running on its Predix platform, to monitor industrial and manufacturing equipment and software.

The company claims industrial customers can now use data and cloud-based analytics to improve the reliability and availability of their GE and non-GE assets. While APM would generally not be considered a concept, GE claims its offering is the first commercially available to support the industrial data generated by a company’s assets, both physical and software based.

The launch builds on underlying IoT trends within the industrial and manufacturing industry to move towards a proactive performance strategy for their assets, repairing said assets before a maintenance issue as opposed to reacting to a fault.

“GE’s deep expertise in developing and servicing machines for industry gives us a greater understanding of real business operations and the insights to deliver on industry needs,” said Derek Porter, GM for Predix Applications at GE Digital. “With the launch of our APM solutions suite, GE is commercialising its own best practices for customers.”

The offering is split into three tiers. Firstly, a machine and equipment health reporting system will provide a health-check on the asset, detailing performance levels in real-time. Secondly, a reliability tool predicts potential problems within an asset, allowing engineers to schedule maintenance activities. And finally, a maintenance optimization tool will be available later in 2016 to optimize long-term maintenance strategies, which GE claim will enable customers to increase the lifecycle of the asset and reduce downtime.

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The company also launched the generally available module of GE Digital’s Brilliant Manufacturing software suite, Efficiency Analyzer, which will be available through a new SaaS pricing model. Once again, the product offering is built on the need to analyse and activate data collected within manufacturing operations, to improve operational efficiency. One of the first use cases advertised by the company has been within its own transportation division.

“GE’s Brilliant Manufacturing Suite has enabled significant reduction in unplanned machine downtime resulting in higher plant efficiency,” said Bryce Poland, Advanced Manufacturing Brilliant Factory Leader, GE Transportation. “As part of our digital thread strategy, we will increase our machines and materials visibility by 400% in 2016.”