GE on Tuesday unveiled new findings on how companies are using digital applications across their industrial operations to unlock productivity and lower their environmental impact, at the World Future Energy Summit 2017 at the Abu Dhabi National Exhibition Center.
In a recently released report, GE and co-author Intel offer a comprehensive view of how the Industrial Internet - embedded sensors, data analytics and connected platforms - are helping companies increase their productivity and reduce environmental emissions to secure a cleaner and more competitive future.
"We are working closely with our partners in the region, such as Masdar, Saudi Aramco, and RasGas, among others, some of the first adopters of digital solutions, to support regional economies in achieving their energy and economic diversification goals. This is part of a larger movement that includes both large companies, and start-ups, from across the industrial and tech sectors, working together on innovation and implementation to realise the dramatic economic and environmental potential of digital efficiency," said Deb Frodl, Global Executive Director of GE Ecomagination.
Overarching report findings on digital efficiency: Emerging digital solutions applied across industry can potentially save US$81 billion in fuel costs annually and close the gap to reaching the COP21 goals by 30 per cent or 823 MT of carbon emissions per year, the equivalent of taking 174 million cars off the road.
The key economic and environmental impact of digitization were identified as: Power - $14 billion in cost savings annually and a potential reduction in global carbon by 495 Mt/year.
-- Lighting - US$30 billion in saving, and 132 MT/year in carbon reduction.
-- Aviation- US$14 billion in annual saving and 45 MT/year in carbon reduction.
-- Railway - US$3 billion in saving and 19MT/year in carbon reduction.
-- Ground transportation - US$20 billion in saving and 132 MT/year in carbon reduction.
GE has been working with its partners on digital industrial technologies that help achieve enhanced productivity, efficiency and asset optimisation. For example, RasGas Company Limited (RasGas), one of the world's largest and pioneering producers of liquefied natural gas (LNG), is marking the first global deployment of Industrial Internet technologies in the LNG sector.
In Saudi Arabia, GE has announced several new digital industrial partnerships, technologies and initiatives. The GE Saudi Technology & Innovation Center (GE STIC) in Dhahran Techno Valley is at the heart of the company's 'Industrial Internet' roadmap to drive digital transformation of industry. GE Oil & Gas Digital is introducing its first Asset Performance Management (APM) solution to reside on Saudi Aramco's business network for the Aramco Jazan Complex Integrated Manufacturing Operations Management System (IMOMS). Saudi Electricity Company has joined hands with GE, and established a Generation & Optimisation Center (GOC), a state-of-the-art center equipped with hardware and software to monitor 16 SEC power plants.
In Pakistan, GE and Engro Corporation Limited initiated a strategic alliance that will make Engro a key digital industrial partner for GE in the country and region. Already a major GE customer, Engro will accelerate its transformation into a digital industrial powerhouse by selling GE solutions and becoming a system integrator of GE Power's digital solutions to the power generation industry. Engro and GE will also jointly develop new software applications on GE's Predix platform for the Industrial Internet to address industries not currently served by GE in which Engro has deep domain expertise.- PR
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