This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GE’s Industrial Performance & Reliability Center “Makes The Catch” With 99.7% Accuracy

Time is money in today’s business climate and major equipment failures mean increased costs and lost time, and therefore lost revenue. GE Intelligent Platforms (NYSE: GE) is helping customers achieve optimum equipment health through its Industrial Performance & Reliability Center (IPRC) so they can enjoy Zero Unplanned Downtime in their businesses.

The IPRC, located in Lisle, Illinois, is staffed with experienced reliability engineers who monitor thousands of assets around the world, seven days per week. These assets are in industries such as Oil  & Gas, Power Generation, Mining and Aviation. Each month the center ‘catches’ more than 200 predictive equipment failures; issues agreed to by the customer as early signs of failure modes and that the customer decides to fix as a result of the advisory. In 2013, the IPRC caught almost 2,200 early failures; a 99.7% accuracy rate for catchable events as defined by its customer base.

Part of the IPRC solution is GE’s industry-leading Proficy™ SmartSignal, software that detects variances for each particular piece of equipment to provide early warning of impending problems, with diagnoses of major equipment and process failures, and prioritizations based on severity. The software also helps organize maintenance projects with confidence and reduces the cost of maintenance because it can be scheduled on off-times.

“Through the IPRC we are able to harness the power of the Industrial Internet to provide real results for customers,” said Brian Courtney, General Manager for GE Intelligent Platforms’ Industrial Data Intelligence solutions. “These outcomes, found through predictive analytics, are real today and customers feel the impact every day.”

Mike Hartsig, Plant Manager for Griffith Energy thinks the GE solution helps him make his plant as reliable and efficient as possible, all the time. “What keeps me up at night are the things I don’t know about. Proficy gives us a heads up as to potential problems. We use it to let us know about anomalies before they become alarms and before they become a problem.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,788.91 -9.58 -0.05%
S&P 500 2,086.77 -3.34 -0.16%
NASDAQ 5,122.6720 -4.8530 -0.09%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs