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US industrial giant GE is adding a digital hub to its global network by opening a new centre in Bangalore, India, which will house 2,500 technology professionals and will be its biggest hub.
The 200,000 sq ft centre will provide an environment for GE experts to work with customers to create software to support industrial internet of things (IIoT) strategies.
The hub will work on GE’s Predix platform, which provides core analytics and underpins GE’s strategy to become a software company. The firm’s Predix-based software and services are expected to bring in more than $6bn in incremental revenue this year, and the company expects to become a $15bn software business by 2020.
“GE’s global digital hubs are at the core of our transformation into a premier digital industrial company,” said Jim Fowler, vice-president and CIO at GE. “We are excited to bring the best and brightest into GE’s new location in India to help us in our journey. Talent is our utmost priority in advancing outcomes and we are keen to harness additional talent from India, specialised in data sciences, analytics and product development space.”
Anthony Thomas, group CIO at GE, said Bangalore is one of the six locations around the world that is focused on IT and software development for GE’s digital strategy. The Bangalore hub will join the company’s network of hubs in the US as well as Riyadh in Saudi Arabia and Budapest in Hungary.
“GE is looking to hire talent that can fit our lean and agile culture and want to work in a unique global set-up that has a startup-like feel, within a large enterprise with access to R&D, engineering and manufacturing,” said Thomas. “For people who are willing to make an impact in technology-intensive industries, this 124-year-old startup is the place to be.”
Read more about GE Predix
- GE’s digital division is now a fully fledged software business with the introduction of an asset performance management system.
- Global manufacturer GE has established a partner programme for its Predix platform to drive the value of analytics across the industrial internet.
- GE will open up its internal Predix platform as a cloud-based service in 2016, in a bid to capitalise on the so-called industrial internet.
Peter Schumacher, CEO at management consultancy The Value Leadership Group, said GE had a long legacy in India.
“GE’s large outsourcing contracts helped establish India’s enormous technology sector, and its investments in R&D and digital technologies are now contributing to Bangalore’s transformation into a global innovation hub,” he said.
The type of work GE performs in Bangalore goes beyond the areas of expertise that India is best known for, said Schumacher. “No other company has captured this opportunity more comprehensively and consistently than GE,” he added. “These investments have greatly expanded GE’s capabilities, enhanced its organisational agility and have given the company significant time-to-market advantages in high-value areas.”
Over the past decade, Bangalore has seen growth in captive centres for research and development and corporate services from across sectors. Today there is a diverse talent pool in the city and other Indian cities, such as Pune and Hyberabad, which attracts multinational companies.