General Electric has a new name for where it thinks its business is headed: the “industrial Internet.”
The term, coined inside GE’s R&D division, reflects the company’s hope that adding more sensors to machinery will result in a deluge of data that will in turn let companies squeeze more efficiency out of locomotives, jet engines, MRI machines, and other equipment GE sells.
GE says it is investing $1.5 billion in the idea over a three-year period. Some of that money is being spent on research at a large new software R&D center the company has created in San Ramon, California.
To read the full, original article click on this link: General Electric’s San Ramon Software Center Takes Shape | MIT Technology Review
