In order to achieve real-time benchmarking, fleet optimization
and cargo rationalization for increased productivity at reduced
costs, GE Capital Fleet Services, an operating unit of
General Electric Company
), launched a new suite of analytical tools for next generation
strategic consulting services.
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These tools will equip GE Capital Fleet Services' strategic
consulting services (SCS) group, a dedicated team of skilled
fleet consultants, with the requisite wherewithal to identify
newer avenues for potential cost savings for its clients. In this
context, it is worth noting that SCS group has identified over
$1.6 billion in cost-savings for its clients in the last five
years and consequently the new analytical tools are sure to yield
added customer benefits.
The Key Takeaways
The new real-time benchmarking tool will facilitate
fully-outsourced fleet management customers to tap GE Capital's
vast data warehouse to evaluate their own performance. The data
warehouse includes detailed maintenance, fuel, and accident
information for over 800,000 fleet vehicles and offer perfect
real-time benchmarking data for effective comparison.
Comparison of a fleet's actual performance with GE Capital's
benchmarking data will further enable its customers to quantify
and prioritize about 40 different cost-saving and performance
improvement opportunities. This will then lead to optimization of
the fleet resources to maximize the returns from investments.
GE Capital's analytical tools will also enable its customers to
select the right vehicle for the specified cargo, depending on
cargo space, safety and business need. Cargo rationalization is
arguably one of the most cost-effective ways to optimize a
fleet's performance, improving fuel economy, productivity,
safety, total cost of ownership and environmental performance.
Separately, GE Intelligent Platforms took a step ahead with its
convergence plans for interoperability, secure communications and
an optimal user experience through an investment in a single
integrated architecture. This includes modular components, an
Ethernet backbone and software applications to deliver on the
principles of the Industrial Internet and Machine-to-Machine
OPC-UA (Object Linking and Embedding for Process Control -
Unified Architecture) is the first of its kind to be deployed
across General Electric's control platforms. This offers a
cohesive, secure and reliable cross platform framework for access
to real time and historical data and events.
A single integrated architecture will serve various objectives,
such as enterprise visibility - any information flow from the
device to the enterprise is available across the system;
interoperability - a common architecture and standard suite of
communication protocols will offer a seamless solution to
business; and interdesignability - convergence of design tools
and model libraries to improve productivity and quality.
GE Intelligent Platforms will use Predix, a first-of-its-kind
industrial-strength software platform, for an optimal user
experience. Predix integrates technologies for machine-to-machine
communication and mobility that can run on-premise or in the
cloud, thereby increasing productivity, reducing waste and
improving business operations.
The integrated General Electric controls architecture and the use
of open system standards will offer seamless, context-driven,
regional, community-based solution to customers to integrate,
operate, maintain and manage their operations with world-class
automation. Thus, these investments by General Electric offer a
technological consolidation for customers to get connected faster
and easier - buzzwords for the future tech-savvy generation.
General Electric is one of the largest and the 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, the company serves over 100 million
General Electric currently has a Zacks Rank #3 (Hold). Other
companies in the industry that are worth mentioning include
Tyco International Ltd.
Hutchison Whampoa Ltd
), each having a Zacks Rank #2 (Buy).