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With Predix at Center, GE Announces Plans for IIoT Business
GE will establish a new, independent company focused on building out its Industrial Internet of Things software portfolio, the company announced last week. The proposed new organization aims to bring together GE Digital’s products, including the Predix platform, Asset Performance Management, Historian, Automation (HMI/SCADA), Manufacturing Execution Systems, Operations Performance Management and the GE Power Digital and Grid Software Solutions businesses. GE also announced it was selling its ServiceMax field service management portfolio to Private Equity Firm Silver Lake, and that now former GE Digital CEO Bill Ruh, “decided to depart GE to pursue other opportunities,” according to the press release. GE will conduct an internal and external search to identify the CEO for its IIoT software company.
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