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GE, Accenture Enter JV Related to Aircraft Maintenance

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GE (NYSE: GE) today announced nine new industrial service technologies and a joint venture with Accenture (NYSE: ACN) that will help drive a productivity revolution and transform global industries. Combining product diagnostics software and analytics, these technologies will connect machines to machines, machines to people, and machines to business operations allowing airlines, railroads, hospitals, manufacturing and energy companies to operate more efficiently, reduce costs, and potentially eliminate $150 billion in waste across major industries.

The nine new intelligent services will expand GE's Industrial Internet technologies and deliver four categories of outcomes and benefits to customers including optimized networks, optimized plants and facilities, optimized assets and service quality and productivity. The new technologies, available today, cross major industries, including energy, oil & gas, healthcare, aviation, rail, and manufacturing.

Additionally, as part of GE's $1 billion overall investment into new service offerings and support for emerging business models announced last year, GE Aviation and Accenture today announced a new joint venture, Taleris™, which will provide airlines and cargo carriers around the world services to improve a plane's efficiency by using aircraft performance data, prognostics, recovery and planning.

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