November 18, 2011 – General Electric announced it will launch a $1 billion data management software effort that includes a new global software headquarters and centralized developments on big data, customer experience and predictive analytics.
The software development will center on what GE calls the “Industrial Internet,” those infrastructure solutions that run and migrate data. And innovation in infrastructure solutions is expected to address real-time and predictive offerings, especially around industry-specific unstructured data access, according to a news release on the new headquarters and software development initiatives.
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