PSEG Leverages Big Data and Business Analytics Using GE’s Predix Platform
PSEG is one of the largest electrical and gas utilities in the United States, and the largest utility in New Jersey where it is headquartered. PSEG operates a fleet of power generation units, and several thousand miles of electrical lines and gas lines in the northeast region. Maintaining these facilities at peak operational efficiency requires an extraordinary amount of data on how individual generator plants and transmission links are actually operating. PSEG has turned to General Electric’s Predix platform to monitor its machines and processes in an effort to optimize their performance, predict when machines and processes will fail, and initiate predictive maintenance programs before they fail. GE refers to its platform as an important part of the Industrial Internet.
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Questions:
1. How does De Lancey describe Predix?
2. What benefits does Predix promise to deliver to business firms and managers?
3. What is “predictive maintenance?” Why is it important?
4. How is PSEG using GE software such as Predix to optimize its efficiency?
5. What is the Industrial Internet? How does it differ from the Internet we are accus- tomed to using?