EY forms new partnership with GE Digital
EY has become the latest global alliance partner in General Electric (GE) Digital's Industrial Internet of Things.
The announcement marks the next step in a ten year working relationship between the two companies.
The companies will be aiming to develop and deliver new client services on GE’s Predix® cloud operating system to help reduce operating expenses and increase revenue through streamlined industrial workflows.
GE is using sensors on machinery like gas turbines and jet engines to identify ways to improve working processes and reliability.
The resultant Industrial Internet of Things (IIoT) then uses this data to develop tools for industrial companies to achieve increased productivity from capital assets and processes linked in the cloud.
In the oil and gas industry, for example, producers can use the IIoT to develop maintenance schedules that improve oil rig uptime, reduce the number of times workers must travel to maintain rigs and identify the tools and parts they need to take with them.
In other industries, such as hospitality, the IIoT can help a hotel system 'know' when to block availability of a room because the plumbing requires maintenance.
Bill Ruh, Senior Vice President and Chief Digital Officer of GE and CEO at GE Digital, commented: “We are building an Industrial Internet ecosystem with world-class partners who share our commitment to delivering better outcomes for our customers.
"Together, we are co-developing solutions on Predix that will combine GE’s industrial domain expertise with EY’s innovative approaches to addressing complex business challenges to uncover creative ways to increase productivity and efficiency for our customers through data and analytics.”
EY will be contributing its extensive experience in business transformation, data analytics, cybersecurity capabilities and access to global resources across multiple industries.
EY Client Service Global Managing Partner, Carmine Di Sibio, said: “At EY, we are forming strategic alliances, like the one today with GE Digital, to better serve our clients and new markets.
"With GE Digital, we’ll help industrial companies not only improve productivity of their existing assets, but also help them to fundamentally reshape their enterprises.”