• 22-SEP-2016

PwC and GE Digital form Strategic Alliance to help organisations worldwide harness the power of the Industrial Internet

The Alliance leverages PwC’s business transformation services and GE Digital’s PredixTM operating system to help clients develop customized solutions that help drive profitable growth

New York, 22 September 2016—PwC and GE Digital (NYSE: GE) announced today that they have formed a strategic alliance to help organisations 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.”

About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

About  GE
GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com