Big Data: What it Means for Manufacturing
Speaking at EMG's pre-K press conference in Mainz, Germany today (June 5), Greg Farrett, Executive Director Communications at GE Europe spoke at length about the significance of data and the internet in the future of machine operations.
GE is attempting to merge 'Big Data', to use its current name, with industrial equipment, in order to allow manufacturers to make more informed decisions and calculations. Farrett claimed the group is seeing a revolution in software development and its application to the industrial sector.
As it stands, GE has 2000 machines globally which are all generating this type of data, in the hope that the owners and operators will be able to boost productivity.
With a software development centre in California now up and running, the group says it is poised to break through into this sector.
Farrett offers the example of a gas turbine being monitored with new analytics software, which produces 500gb of useful, reportable data per day. In comparison, social networking site twitter produces just 80gb per day. With multiple gas turbines all producing these levels of data, the operator has at hand a host of criteria for best operating conditions.
Farrett estimates that if the Eurozone could be poised to make 20%-25% efficiency savings over the next 15 years by adopting 'Big Data' as a tool for the industrial sector.