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Big Data Will Drive the Industrial Internet

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Big Data Will Drive the Industrial Internet

While most big data headlines focus on sentiment analysis and other marketing activities, multinational conglomerate GE sees a future in which machine-to-machine communication and big data analytics spur a wave of innovation on par with the Industrial Revolution and the Internet Revolution.

The conversation around big data has largely focused on clickstream data, sentiment analysis and consumer targeting. But behind the scenes, the capabilities enabled by machine-to-machine communication and advanced analytics stand poised to dramatically change the world around us.

Case in point: General Electric (GE) and its vision of the "Industrial Internet," which it suggests may bring about as profound a change to the way we live our lives as the Industrial Revolution and the more recent Internet Revolution.
"The world is on the threshold of a new era of innovation and change with the rise of the industrial Internet," Peter C. Evans, director of Global Strategy and Analytics at GE, and Marco Annunziata, chief economist and executive director of Global Market Insight at GE, writes in a GE whitepaper, Industrial Internet: Pushing the Boundaries of Minds and Machines.

"It is taking place through the convergence of the global industrial system with the power of advanced computing, analytics, low-cost sensing and new levels of connectivity permitted by the Internet. The deeper meshing of the digital world with the world of machines holds the potential to bring about profound transformation to global industry, and in turn to many aspects of daily life, including the way many of us do our jobs," Evans says. "These innovations promise to bring greater speed and efficiency to industries as diverse as aviation, rail transportation, power generation, oil and gas development and healthcare delivery."

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