GE CEO Jeff Immelt’s Big Data Bet: “We’re betting on the industrial Internet”

“Take the jet engine. It has about 20 sensors that capture real-time continuous data — temperature, engine performance, etc. If I can take that data and use it to model a consumer outcome — say, more time on the wing or less fuel burn — that’s worth an awful lot of money to my customers. A 1 percent change in fuel burn for an airline is worth hundreds of millions of dollars.”

Immelt. All Things Digital

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