GE Digital
GE Digital was a subsidiary of American energy conglomerate GE Vernova. Headquartered in San Ramon, California, the company provides software and industrial internet of things services to industrial companies.
GE Digital's primary focus was to provide industrial software and services in four markets:
- Manufacturing applications serving discrete and process industries, as well as water utilities and economy-scale digital transformation projects
- Electric and telecommunications utilities
- Oil and gas industry and related adjacent markets
- Power generation ;
History
1980–2010: Automation Software
- 1980: GE introduces the first Ethernet-enabled protection relay, a device that detects faults in systems.
- 1986: GE and FANUC enter into a joint venture to create GE Fanuc Automation Corporation, which manufactures programmable logic controllers—one of the fundamental buildings blocks of what's come to be known as the Industrial Internet of Things.
- 1995: GE Fanuc launch first HMI/SCADA on a 32-bit system.
- 1996: Saturn Corp implement CIMPLICITY MMI, MES and SCADA solution.
- 1999: CIMPLICITY Saturn's implementation mention in Bill Gates book “Business @ the Speed of Thought: Succeeding in the Digital Economy”.
- 2001: GE Measurement and Control is established. It creates many types of sensors, instruments, and control systems for aerospace, the oil and gas industry, and power generation.
- 2002: GE Fanuc Automation Completes Acquisition of Intellution.
- 2003: GE Fanuc Automation Completes Acquisition of Mountain Systems.
- 2007: GE Fanuc Automation Corporation becomes GE Fanuc Intelligent Platforms.
2011–2015: Internal industrial software development
- 2011: GE establishes a software Center of Excellence focused on developing industrial software.
- 2013: GE develops Predix, its platform for IIoT applications, designed to help GE businesses transform their operations.
2015–2017: Launch of Predix
- 2016: GE launches Predix to the market, making its suite of applications available to industrial customers and partners globally. GE Digital also announced its acquisition of ServiceMax, to extend Predix and analytics across field service processes. This acquisition closed in January 2017.
- 2016: GE Digital acquires Roanoke VA based software company Meridium that specializes in helping industrial customers predict when machinery might fail and also offers analysis that can enhance the efficiency of operation
2018: Plans for standalone business
- 2018: GE announced its intended sale of a majority stake of ServiceMax
- 2018: GE announces plans to establish a new, $1.2 billion independent company focused on building a comprehensive Industrial Internet of Things software portfolio comprising GE Digital, GE Power Digital and GE Grid Solutions.
2019–2020: Refining Focus
- 2019: GE announces that the APM teams and customer accounts previously part of BHGE will also become part of the ‘NewCo’ announced in 2018.
Following the GE October 2019 earnings call, Culp announced GE would retain its digital business.
On June 3, 2020, Byrne's role was expanded to include VP lean transformation for GE.
2021–2024: Plan to splitting GE
- 2021: GE announces plan to splitting business into three new public companies: GE Vernova, GE HealthCare and GE Aerospace. GE Digital along with GE Renewable Energy, GE Power and GE Energy Financial Services will come together as GE Vernova.
- 2024: GE announces planned spin-off date for beginning of second quarter of 2024. On April 2, 2024, General Electric completed its spinoff of GE Vernova.
Projects