How GE Sees Industrial Internet Trends Developing in the Coming Year

 
 
By Chris Preimesberger  |  Posted 2015-02-26
 
 
 
 
 
 
 
 
 
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    1 - How GE Sees Industrial Internet Trends Developing in the Coming Year
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    How GE Sees Industrial Internet Trends Developing in the Coming Year

    by Chris Preimesberger
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    2 - IT Innovation, Disruption Not Slowing Down
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    IT Innovation, Disruption Not Slowing Down

    Innovation and value creation in the realm of next-gen platforms, and applications will continue to disrupt legacy IT architectures. Investment specifically geared toward extending the capabilities of cloud, social, mobile and big data will accelerate and account for 30 percent of total IT spending and nearly all of the industry's growth during 2015.
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    3 - Global IT Spending Growing Again
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    Global IT Spending Growing Again

    At the outset of 2015, global IT spending is expected to grow in the range of 3.5 percent to 4 percent. However, there will be a significant underlying divergence by geography as well as technology. Aggregated IT spending in mature economies is expected to grow no more than 2 percent globally (2.7 percent in the United States) while spending growth in emerging economies will be closer to 7 percent. Similarly, investment in next-gen technologies and services will rise approximately 13 percent, according to researcher IDC.
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    4 - Transition to the Cloud Speeding Up
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    Transition to the Cloud Speeding Up

    The transition of the IT delivery model toward cloud service providers (software applications as well as hardware infrastructure) will accelerate. Growth in data center spending will continue to be dominated by large cloud service providers, while IT vendor business models delivering software and infrastructure functionality via cloud services will significantly outgrow traditional on-site infrastructure/perpetual software licensing models.
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    5 - Consolidation Likely in IaaS market
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    Consolidation Likely in IaaS market

    With the massive scale of investment and commodity pricing posing as significant barriers to entry, there will be few new entrants and more likely consolidation in the infrastructure-as-a-service market. Conversely, with few barriers to entry, developers of new applications will continue to proliferate while benefitting from historically low cost economics enabled by next-gen development and delivery platforms.
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    6 - Security Budgets Will Zip Right Through Approvals
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    Security Budgets Will Zip Right Through Approvals

    Security threat detection and mitigation will remain a spending priority and will receive the least amount of scrutiny within corporate IT budgets. The unrelenting adoption of cloud, mobile and social media have significantly increased the complexity of how corporations and individuals interact with and try to protect their devices, systems, data, personal information and money.
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    7 - New, Safer Payment Platforms Will Be Utilized
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    New, Safer Payment Platforms Will Be Utilized

    Next-gen platforms and applications will enable new security innovations that protect the mobile edge of the network as well as data stored at the core. These innovations include payment platforms that are biometrically enabled, specific threat intelligence enabled by big data analytics and ubiquitous use of encryption for regulated data stored in the cloud.
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    8 - Internet Ad Revenue Will Grow in the Mid-Single Digits
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    Internet Ad Revenue Will Grow in the Mid-Single Digits

    The higher growth rate is attributed to increased interest in mobile advertising, versus the traditional online search and display ad market as well as increased use of programmatic advertising buying. Internet ad growth (excluding mobile) will remain a bright spot in an industry that expects to endure a 1 to 2 percent growth rate in 2015.
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    9 - Advertising Will Continue to Shift to Mobile and Social Media
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    Advertising Will Continue to Shift to Mobile and Social Media

    The mobile ad market was projected to top $12 billion in 2014, an increase of more than 65 percent year-over-year. This trend is forcing advertisers to rethink their advertising strategies and adapt them for tablets, smartphones and other mobile devices.
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    10 - TV Everywhere to Increase
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    TV Everywhere to Increase

    This will continue to gain incremental traction as cable and satellite companies look to combat the enormous growth of over-the-top (OTT) services. Traditional distributors are entering new, long-term and comprehensive contracts with content producers to expand digital rights.
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    11 - Big Data Analytics: Target for Innovation
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    Big Data Analytics: Target for Innovation

    Big data analytics and the IoT will continue to be major destinations for investment and innovation. According to IDC, the worldwide market for software, services and analytics related to big data will reach $125 billion in 2015. The edge of the network will continue to extend into the physical world with more "smart" cars, commercial buildings, homes, industrial equipment and wearables connecting to the Internet.
 

GE's IT messaging lately has been all about what it calls the "industrial Internet." This is the Internet of things (IoT), but on a larger scale, with cloud-enabled items that include aircraft engines, wind turbines, trains, submarines, and similar large devices—many made by GE itself. But GE, the 26th-largest conglomerate in the United States, isn't all about industrials; because it is so globe-spanning, GE has keen insight into many IT industry trends and is privy to increasingly innovative use cases (what eWEEK calls IT science) involving IoT. The company also factors in such trends as social media and mobile adoption, which continue to proliferate as the post-PC era takes hold. As the array of mobile devices expands, users' interactions with media are being redefined. Content owners are electing multiple, simultaneous distribution platforms while the ability to engage the user, measure the usage and price accordingly is sparking the next evolution of media. This eWEEK slide show examines key data points that GE has unearthed.

 
 
 
 
 
 
 
 
 
 
 

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