For the first ten products launched in the last year, revenues are $290 million year-to-date, with orders of $400 million. GE will leverage our high-margin $160 billion services backlog to develop more technologies, grow our dollars of revenue per installed base 3-5 percent annually, and increase software sales by more than 15 percent annually. GE has 14 launch customers for its 14 new technologies. New Predictivity products launched today include:
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Industrial Internet PartnershipsAs part of GE’s expanding Industrial Internet ecosystem of partners and providers, three new alliances announced today will bolster the Predix platform and enable the new Predictivity solutions to be utilized within global industries. These new partnerships follow GE’s recent collaborations with Amazon Web Services, Accenture, and Pivotal, which served to accelerate the development of the Predix platform. The new collaborations will improve wired and wireless communications between machines, develop a secure industrial strength network for machines connected to the Industrial Internet, and build virtual controls for machines.
- AT&T and GE will work together to allow GE machines to connect to the AT&T network and cloud, creating the first highly-secure wireless communications system for GE's Industrial Internet. Workers using the system will have access to remote monitoring, diagnostics and the ability to resolve maintenance issues virtually anywhere in the world.
- Cisco and GE will extend their existing business relationship to include collaboration in industries that may include oil and gas, transportation, healthcare, and power generation. Using open standards, this collaboration will help enable intelligent networking of advanced analytics and data between machines.
- Intel and GE are collaborating to embed virtualization and cloud-based, standardized interfaces within the GE Predix platform. This will help enable shorter machine software upgrade cycles and an open infrastructure for global communication service providers to connect to GE's industrial machines.