<b>Enabling Better Productivity with IoT</b>
At GE, the Industrial Internet gives us an opportunity to rethink how we manage assets and operations across the industry. As more equipment becomes capable of connecting to the Internet, companies can become more predictive around their core business processes such as aircraft and line maintenance, crew scheduling, fuel management, navigation and flight planning and even gate turn times. This insight translates to major savings for companies. For example, a 1 percent improvement in aircraft engine maintenance efficiency can reduce related costs by $250 million annually. The benefits afforded by the Industrial Internet can also extend to passengers to improve the overall user experience of air travel. Imagine being able to construct the perfect trip from booking to airport departure to security clearance and then from flight to hotel and beyond. It really opens up possibilities far beyond what exists today.
<b>Technology in Aerospace</b>
There a few key things that will make the biggest difference in the short term.
The Big Data technologies are real, and it’s critical to have a strategy for building out our expertise and capabilities with data. Traditional data management tools and processes just won’t be able to keep up with all the growing data types; we will see in the next few years.