The president and Chief Executive Officer of General Electric Nigeria, a global technology and infrastructure leader, Dr Lazarus Angbazo has described the Industrial Internet as an impetus for companies to save costs and boost performance wherever they are located.
Speaking at a forum organised for GE stakeholders and customers recently, Dr. Angbazo cited Union Pacific, America’s largest railroad company, to illustrate his point to the audience at the forum. He said Union Pacific improved its productivity by wiring its locomotives with sensors that monitor parts and supply data to algorithms that try to predict whether or when a component might break down. “Industrial data is not only big, it’s the most critical and complex type of big data,” he stated.
The CEO explained that GE organised the event as part of efforts to create more awareness on how the Industrial internet helps speed up industrialisation. Participants learned how GE’s “industrial internet” and automation solutions can help their businesses.
The day focused on the Industrial Internet, Industrial Big Data and Real-time Operational Intelligence (RtOI), as well as Remote Monitoring & Diagnostics and High Performance Automation solutions.
Dr Angbazo said “getting the most out of existing infrastructure is the new priority for business in Africa.” According to him “The Industrial Internet transforms the way companies work by driving new possibilities to maximize asset availability and boost profit margins.” He added that the Industrial Revolution radically changed the way we use energy and make things. The Internet Revolution altered how we communicate, consume information, and spend money. A combination of these two transformations is what we now call the Industrial Internet.
Speaking at a forum organised for GE stakeholders and customers recently, Dr. Angbazo cited Union Pacific, America’s largest railroad company, to illustrate his point to the audience at the forum. He said Union Pacific improved its productivity by wiring its locomotives with sensors that monitor parts and supply data to algorithms that try to predict whether or when a component might break down. “Industrial data is not only big, it’s the most critical and complex type of big data,” he stated.
The CEO explained that GE organised the event as part of efforts to create more awareness on how the Industrial internet helps speed up industrialisation. Participants learned how GE’s “industrial internet” and automation solutions can help their businesses.
The day focused on the Industrial Internet, Industrial Big Data and Real-time Operational Intelligence (RtOI), as well as Remote Monitoring & Diagnostics and High Performance Automation solutions.
Dr Angbazo said “getting the most out of existing infrastructure is the new priority for business in Africa.” According to him “The Industrial Internet transforms the way companies work by driving new possibilities to maximize asset availability and boost profit margins.” He added that the Industrial Revolution radically changed the way we use energy and make things. The Internet Revolution altered how we communicate, consume information, and spend money. A combination of these two transformations is what we now call the Industrial Internet.
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