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
TheStreet Open House

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs