PwC (No. 5 on the DiversityInc Top Companies for Diversity list) and GE Digital announced that they have formed a strategic alliance to help organizations harness the power of the Industrial Internet — which brings together intelligent machines, advanced analytics, and people.
Under the Alliance, PwC and GE Digital are helping clients globally create Industrial Internet solutions to improve asset reliability, lower costs, reduce risk, and help drive profitable growth. The Alliance spans PwC network firms in numerous countries including the Canada, China, France, Singapore, United Kingdom and United States.
PwC provides business transformation services alongside GE Digital's offerings, including its Predix cloud-based operating system for the Industrial Internet. Predix helps companies build applications that connect to industrial assets, collect and analyze data, and deliver real-time insights to enhance industrial infrastructure and operations. In addition to leveraging GE Digital-powered applications, PwC and GE Digital help clients create customized applications based on their unique needs.
"The Industrial Internet is ushering in significant disruption as executives grapple with shrinking profit margins, slowing growth, cost volatility, and changing customer demands," said Paul Gaynor, Global Technology Consulting and Alliances Leader, PwC. "PwC and GE Digital help clients look at solutions through a holistic lens—integrating strategy, security, technology, processes, people, and data to help drive extraordinary results. This alliance further demonstrates our commitment to helping clients apply digital technology in a way that's more integral to their business performance."
"We are building an ecosystem with world-class partners who share our commitment to delivering better outcomes for our customers," said Denzil Samuels, Head of Global Channels and Alliances, GE Digital. "By combining PwC's business transformation services with the Predix platform, we are enabling our industrial customers with the ability to leverage new insights that were not possible before."
PwC and GE Digital will work with clients across industries including industrials, power and utilities, oil & gas, retail, healthcare, and transportation. Karim Bibawi, GE Digital Alliance Global lead said, "Most industries are undergoing radical digital transformation, and it's critical to understand the unique complexities of each sector." He continued, "For example, as power generation now leverages diverse sources including fossil fuels, nuclear and renewables, distributed generation, and stored energy — operational efficiencies and real-time supply and revenue management are essential. Industrial and oil and gas organizations need to develop innovative business models to drive productivity and growth. PwC and GE Digital bring deep industry experience to help clients consider the specific nuances of their industries."