Boston, MA 08/12/2014 (wallstreetpr) – General Electric Company (NYSE:GE) on August 11, 2014 announced that it has designed the first of its kind, data-lake technique so as to provide assistance to the international industrial customers which include railroads, airlines and hospitals to get better access as well as analysis and store terabytes of Big Data. This has been done along with Pivotal Corporation.
Characteristics of Data Lake Approach as Developed by GM
General Electric Company (NYSE:GE) announced that the new approach is useful in handling of Big Data which is complicated than the new emerging and evolving information and content that we can see in today’s times.
The new approach offers 2000 times better performance and that too in real time in order to analyze; which enables the major companies in industrial sector to utilize their less time and also money. This in turn enables them to convert their data into actionable insight, which can help in increased business operations along with productivity of the assets.
GE, itself, is making use of industrial Internet Data Lake so that it can manage as well as analyze its full flight data sourcing from the customers, which also include largest airlines of the globe.
Statement from the vice president of GE Software
The Vice President of General Electric Company (NYSE:GE) Software, Bill Ruh, in this context said that the Big Data available today with the industries has outpaced the available technology. This means that the present technology cannot be utilized to its full advantage in order to manage this Big Data.
For this reason, he explained, GM, along with Pivotal created an out of the box approach which is used to merge IT with OT (operational technology). This can help in matching the efficiency as well as productivity needs of the customers in order to extract maximum value from their extremely valuable and worthwhile information.
