GE opens Israel R&D software centerMay. 1, 2013
General Electric VP software and analytics center William Ruh recently cut the ribbon of the company's new R&D center in Herzliya Pituah. The new activity is different from the company's main operations in Israel - the development of medical devices through GE Healthcare - as it will focus on software.
The new center, which has begun with seven employees, is growing rapidly, and will be integrated with GE's 20-month old software center in Silicon Valley, and its 425 employees.
"We realized that the Internet has reached the point where it will change industry as it has changed private consumption," Ruh told "Globes". "Our analysis found that there is a $3 trillion opportunity in industry to help businesses transform from analog to digital, as has happened in the consumer industry."
Ruh added, "Connecting a plane's engine to the Internet isn't really interesting, but what you do with it. If I cannot place the right sensors, analyze the engine performance in real time, and transmit the data to the pilots and technical crew, this could improve global aviation's fuel consumption by 1%. This is worth $2-3 billion a year to the aviation industry."
For the full Globes news item click here.
See also: "GE Seeks Israeli Edge".