News : Genpact Helps Manufacturers Harness Power of Internet of Things
New York, NY, USa, May, 2017 -- Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, has developed a way for manufacturers to transform their industrial asset performance management processes, reimagine business models, and create new revenue streams. The Industrial Internet Consortium (IIC(R)) has approved the Asset Outage Management testbed, which uses digital technology, analytics, and process and data models that extract data from legacy systems and connected assets to predict maintenance issues.
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"IIC testbeds accelerate development of new industrial applications and address the need for well-defined use cases and proven solutions to help companies better define an effective IIoT strategy," said Richard Soley, IIC executive director. "Genpact is an IIoT leader, and the testbed will speed innovation in industrial asset management and performance monitoring."
"IIC’s approval of the testbed recognizes Genpact’s leadership role in using the Industrial Internet’s power to transform business models, said Patrick Cogny, senior vice president and business leader, Hi-tech, Manufacturing, and Services at Genpact. "We deliver ‘machine to P&L’ impact that drives competitive advantage for our clients. Our Lean Digital approach combines leading technology, like the latest artificial intelligence tools, with design thinking and our domain expertise of industrial processes. The testbed will identify best practices to help OEMs achieve better ROI from their IIoT initiatives through reduced maintenance costs, higher asset uptime, and new revenue streams."
Posted by Veronica Silva Cusi, news correspondent
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Genpact is a Business process outsourcing (BPO) company in India. It was formerly a GE owned company called GE Capital International Services or GECIS. It operates from India, China, Guatemala, Hungary, México, Morocco, the Philippines, Poland, the Netherlands, Romania, Spain, South Africa, and the United States.
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