These 2 Dow Giants Are Teaming Up On The Industrial Internet Of Things
Apple ( AAPL ) and General Electric ( GE ) on Wednesday announced a pact to make it easier to create apps for monitoring factories and industrial machines on the go.
[ibd-display-video id=2376935 width=50 float=left autostart=true]The two components of the Dow Jones industrial average unveiled a software development kit that will let developers make native industrial Internet of Things (IoT) apps for iPads and iPhones.
The companies jointly said that such a mobile application could notify a factory worker of a potential problem with a wind turbine, for example, and connect him or her to remote teams to perform inspections and repairs.
The software kit harnesses the power of Predix, GE’s industrial IoT platform , which is used to monitor industrial assets, as well as predict problems before they manifest themselves, by outfitting equipment with data-collecting sensors. Ultimately, cloud-based Predix aims to produce cost savings and minimize unplanned downtime.
Apple will make GE’s Predix its preferred industrial platform for customers. GE will deepen its ties to the Apple iOS platform and promote the use of Mac computers among its global workforce.
. @generalelectric partners w/ Apple to bring #Predix SDK for iOS to iPhone and iPad: https://t.co/s2H5gUmqjx via @GE_Digital pic.twitter.com/kIJeUlRCRk
– GE Digital (@GE_Digital) October 18, 2017
Tim Cook, Apple’s CEO, said the partnership is “fundamentally changing how the industrial world works by combining GE’s Predix platform with the power and simplicity of iPhone and iPad.”
The new Predix SDK for iOS will be available to download on Oct. 26, the companies added. The pact with Apple could give GE an edge over rivals, such as Honeywell ( HON ) and Siemens ( SIEGY ), that are making a big software push of their own to boost the productivity of industrial machines.
Shares of Apple nudged down 0.4% to 159.76 on the stock market today , as they work on a flat base with a 165.04 entry, while GE lost 0.3% to 23.12. Honeywell and Siemens were basically flat in Wednesday trade.
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