General Electric and Verizon announce IoT alliance

General Electric and Verizon have joined hands to allow GE’s machines and devices to connect to Verizon’s machine-to-machine connectivity and cloud platforms to create a wireless communications system for the Industrial Internet.

The announcement was made at GE’s Minds + Machines conference in New York.

The alliance between GE and Verizon will deliver value-added services for GE’s Predix platform, including remote monitoring, diagnostics and the ability to resolve maintenance issues.

GE and Verizon will also enter into discussions to collaborate on a single global SIM (subscriber identity module) for global connectivity.

“The potential for transforming industries — including rail, aviation, energy and healthcare, as well as society as we know it — is tremendous, and yet the Internet of Things is a nascent, complex and fragmented market,” said Mark Bartolomeo, head of IoT Connected Solutions at Verizon.

“The rise of the Industrial Internet is taking place through the convergence of advanced computing, analytics, sensors and new levels of connectivity,” said Bill Ruh, vice president and corporate officer, GE Software.

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