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Information Systems Integration

Department of Management Information Systems, Temple University

INFORMATION SYSTEMS INTEGRATION

MIS 4596.002 ■ SPRING 2019 ■ MARIE-CHRISTINE MARTIN
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The Bets on Data and Analytics

March 19, 2019 Leave a Comment

Mojahed Ibrahim

Companies are coming to realize, slowly but surely, the importance of data and analytics. One of these companies GE has recently become more active in using data correctly. In the article GE’S BIG BET ON DATA AND ANALYTICS it states “The company is putting sensors on gas turbines, jet engines, and other machines; connecting them to the cloud; and analyzing the resulting flow of data. The goal: identify ways to improve machine productivity and reliability.” Stating to us that even an industrial company so huge has started to implement the possibilities that data and analytics open for you. Personally I believe that this is important to realize, that even companies in different industries are realizing the use cases and benefits of technology, data, analytics, and etc. Data is defined as “a collection of facts (numbers, words, measurements, observations, etc) that has been translated into a form that computers can process” showing us the importance that as technology grows the more accurate data we can provide for it them more tech can continue to grow and help us succeed.  These companies such as GE betting on data are learning that using data has efficiently helped them succeed and have made it the way of their future. In the article it states “‘GE has made significant investment in the Industrial Internet,’ says Matthias Heilmann, Chief Digital Officer of GE Oil & Gas Digital Solutions. ‘It signals this is real, this is our future.'”. Correctly using data is not only GE’s future but should be regarded as our future as a whole.

Sources

https://sloanreview.mit.edu/case-study/ge-big-bet-on-data-and-analytics/

https://www.import.io/post/what-is-data-and-why-is-it-important/

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