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.”

If you liked this article you might like

These Stocks Pay You to Own Them

GE Is 'One of the Toughest Stocks I've Ever Had to Deal With,' Jim Cramer Says

GE Axes Fleet of Corporate Jets to Save Money Amid Sales Slump

GE's Toxic Price Action Has Legs -- Next Shoe to Drop

Trian Said to be Close to Acquiring Seat on GE's Board