GE Seeks to Sell Its Own Industrial Cloud-Computing Technology – Bloomberg Business

General Electric Co. will spend $500 million this year to promote and sell tools that link factories, equipment and computer systems, seeking to become a one-stop technology provider for industrial companies.The initiative is called Predix Cloud, a global network of data centers, computers and telecommunication facilities tied together with software to analyze the vast amounts of data being generated by machines.GE is effectively offering other companies the technology it has developed to run its own industrial businesses, which span from aviation and energy to health care and transportation. By using GE’s cloud-based computing systems, customers will be able to keep their information secure and comply with stringent data regulations, the Fairfield, Connecticut-based company said.

Source: GE Seeks to Sell Its Own Industrial Cloud-Computing Technology – Bloomberg Business

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