EY forms Internet of Things alliance with GE

EY and General Electric Digital have formed a new strategic alliance to develop and provide Industrial Internet of Things (IoT) services to help industrial companies achieve increased productivity from capital assets and processes linked in the cloud.

EY and GE Digital will develop specific services based on GE’s cloud-based operating system. The services can help companies reduce operating expenses and increase revenue through improved machine uptime and streamlined industrial workflows.

The Big Four firm, which has been working with GE for more than ten years, joins GE’s ecosystem of global alliance partners, which gives members access to digital tools and domain expertise from across GE.

EY will provide its extensive experience in business transformation; IoT, data analytics and IT cybersecurity capabilities; and access to global resources across multiple industries.

Lionel Lamy, associate vice-president, co-lead ? European IoT Practice, IDC, said: “Within the global economy, CxOs face tough challenges: the unrelenting pressure to do more with less and optimize performance while controlling costs, as well as the need to innovate.

“They must get more from their fixed assets, improve capital ROI and optimize the productivity and value of their increasingly mobile and demanding workforce.

The Internet of Things helps address these issues, but as a complex and fast-moving market, partnerships must be formed to ensure a holistic, end-to-end approach.”