In a marriage of equals,
General Electric Company
) will be developing advanced applications to help companies
across industries leverage industrial strength big data that is
generated through their business operations. The strategic
alliance between the two companies extends their relationship
that was formed in 2012 with the formation of the Taleris joint
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In an attempt to boost efficiency and productivity, the two
companies will jointly develop and market new technology services
and pre-packaged solutions. The offerings include cloud-based,
intelligent analytics solutions for monitoring the performance of
machines, infrastructure and business processes. This helps in
reducing operational downtimes and at the same time achieves
supply-chain efficiencies and cost reduction.
This alliance is a win-win situation for both GE and Accenture.
GE's technology will be utilized for core application
capabilities and Accenture's Managed Mobile Services Platform
(AMMS) will be used for third-parties and support device
communications. The respective strengths in big data analytics
and industrial software will provide customers with solutions
required to proactively manage their resources. The main aim is
to transform industries by connecting machines and people through
the Industrial Internet. A small percentage of improvement
through this endeavor is expected to reap billion of dollars in
savings in varied industries.
General Electric is one of the most diversified technologies and
financial service corporations in the world. Its segments include
Power & Water, Oil & Gas, Energy Management, Aviation,
Healthcare, Transportation, Home & Business Solutions, and GE
General Electric currently has a Zacks Rank #3 (Hold). Other
stocks that look promising and are worth a look now in the
Compass Diversified Holdings
), each carrying a Zacks Rank #2 (Buy).