General Electric has announced partnerships with AT&T, Cisco and Intel to expand its industrial internet service that allows its customers to analyse data and predict outcomes

October 10, 2013 Leave a comment

Corporate giants expand industrial internet

October 10, 2013 – 9:47AM

General Electric has announced partnerships with AT&T, Cisco and Intel to expand its industrial internet service that allows its customers to analyse data and predict outcomes. The service helps customers analyse industrial “big data” – data so large that it is difficult to process using traditional database and software. This would help customers minimise downtime, increase productivity, lower fuel costs and reduce emissions. By connecting machines to the network and the cloud, workers can track, monitor, and operate GE’s machinery wirelessly from anywhere through secure and machine-to-machine communications, GE Software’s corporate officer Bill Ruh said. GE has existing partnerships with Amazon Web Services, Accenture and Pivotal to support the service. GE said the ten “predictivity” products it launched last year have contributed revenue of $US290 million ($307 million) so far this year. The company said it has 14 new customers for the 14 products launched on Wednesday. According to technology research group Wikibon, industrial data is expected to grow at two times the rate of any other big data segment over the next decade.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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