GE acquires Wise.io to expand IoT and machine learning capability

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GE Digital today announced that it has acquired Wise.io, a machine-learning powered service that helps businesses find patterns and trends in their vast data stores. At first glance, that may seem like an odd acquisition for a company like GE. It’s important to keep in mind, though, that with Predix, GE already offers its customers a service that focuses on helping them monitor their equipment, whether that’s an industrial tool or an aircraft engine, and predict issues based on the monitoring data.

As GE CIO Jim Fowler told me, the company’s developers wrote a few hundred different models for lots of different assets in Predix. The service has some rudimentary AI capabilities, but the addition of Wise.io’s technology — which can find patterns on its own — and its team will allow GE to offer a far more flexible model. “As we think about services going forward, you’ll see GE enter verticals we haven’t been in before,” Fowler told me.

Read the source article at TechCrunch