Markets
GE

GE - ANSYS Collaborate for Industrial Net Applications

General Electric CompanyGE recently announced that it has teamed up with ANSYS Inc. (ANSS) - an engineering software firm, to enable a world of smarter industrial machines. ANSYS' leading engineering simulation platform joined GE's Digital Predix early adopter program with the aim to provide cloud offering for industrial data and analytics across varied industries.

Combining machine connectivity with a data lifecycle management platform powered by engineering simulation will help organizations to design their products for the Industrial Internet in an optimum manner. The Predix software is designed to add intelligence to the Internet of Things (IoT) applications. It helps companies to connect their machines, data and people and run industrial-scale analytics.

This collaboration with ANSYS will give customers the tools they need to adopt digital technologies and software for better business outcomes. Organizations use this platform to create innovative Industrial Internet applications, which facilitate faster decision making while maximizing machine efficiency, which is likely to augment its revenues.

The engineering simulation coupled with big data analytics and industrial devices is likely to reduce risk, avoid unplanned downtime and speed up new product development.

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 Capital.

General Electric currently has a Zacks Rank #3 (Hold). A couple of stocks that look promising in the industry include Graco Inc GGG , Luxfer Holdings PLC. LXFR , and Danaher Corp DHR , each carrying a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

DANAHER CORP (DHR): Free Stock Analysis Report

GRACO INC (GGG): Free Stock Analysis Report

GENL ELECTRIC (GE): Free Stock Analysis Report

LUXFER HOLDINGS (LXFR): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

GE LXFR DHR GGG

Other Topics

Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More