Lecture: June 6, 2017

www.stanford.edu/class/ee392b


Asset Performance Management in Industrial Internet

Jeremiah Stone, GE Digital

Bio

Jeremiah Stone leads Product Management for GE’s Asset Performance Management business. In addition to supporting the GE Fleet, GE’s Asset Performance Management business helps industrial companies effectively utilize their industrial data to improve asset reliability and availability, reduce Total Cost of Ownership, and reduce operational risks. Prior to the APM business, Jeremiah served as the CTO Software for GE’s Energy Management business unit. Before joining GE, Jeremiah was Vice President Natural Resource Industries and Sustainability Solutions at SAP. Jeremiah started his career as a programmer and systems administrator with the National Center for Atmospheric Research helping to develop systems to predict clear air turbulence for use in Civil Aviation. Jeremiah is a graduate of the University of Colorado's Mathematics program, Summa Cum Laude, is an inventor or co-inventor of multiple U.S. patents and publications, and is a founding member of the NextGen Advisory Board at the Computer History Museum in Mountain View California.

Abstract

What are the critical problems that industrial companies are trying to solve with Industrial Interenet of Things? How are these problems being addressed and what are the key use cases? If you follow the press and vendor marketing, there are a wide range of outcomes being sought, but the overwhelming messaging is focused on no unplanned downtime and predictive maintenance – collectively referred as Asset Performance Management. This talk will explore the market challenges and opportunity around Asset Performance Management and GE Digital’s point of view on how this market is defined, emerging business models, GE’s technical architecture and several case studies.

Gartner defines Asset Performance Management as a market of digital tools and applications designed to optimize operations and maintenance of assets essential to the operation of an enterprise. Key focus outcomes of APM tools and technologies include reducing unplanned downtime, excess repair work, maintenance and material costs, extended asset run time and availability and reduction of operational, environmental and production risk.

Lecture Notes

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