In an attempt to gain greater market share, the Digital Energy
General Electric Company
) has been launching and branding different products. Recently,
it branded ikeGPS' innovative field measurement product as
MapSight. After this announcement, share price of General
Electric remained relatively flat as the news failed to cheer
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Together, General Electric and ikeGPS created a solution set for
field utility data collection and analysis. The MapSight device
streamlines data collection and analysis for field utility
workers and helps utilities to quickly and accurately collect
measurement and location data on any of their joint-use utility
poles or field assets. This device addresses many challenges of
field data collection. With this device, utility workers can
improve field data collection efficiency and also cut the time
required to collect utility asset data by more 50%.
This device improves field crew speed and efficiency with remote
measurement capabilities and also helps to feed data directly to
General Electric's FieldSmart Mobile application and SmallWorld
technology suite. MapSight also provides field workers with
consistent data. Going forward, this device is likely to improve
the efficiency of utility workers.
General Electric, the parent company, is one of the largest and
most diversified technology and financial services corporations
in the world with products and services ranging from aircraft
engines, power generation, water processing, and security
technology to medical imaging, business and consumer financing,
media content, and industrial products.
Its segments include Energy Infrastructure, Aviation, Healthcare,
Transportation, Home & Business Solutions and GE Capital.
General Electric currently has a Zacks Rank #3 (Hold).
Better-ranked stocks in the industry include
Hutchison Whampoa Ltd
Raven Industries Inc
). All these stocks carry a Zacks Rank #2 (Buy).