“We are pleased to welcome Bit Stew to the GE Digital family. The integration of our technologies will provide the Predix platform with a greater capability to integrate data while it is in motion from the edge to the cloud,” said Harel Kodesh, CTO at GE Digital. “This combination enables us to accelerate our comprehensive APM product offering providing customers with a contextual understanding of their assets and operations.”
Kevin Collins, CEO and Co-Founder at Bit Stew says, “This is an exciting day for Bit Stew as we join the GE Digital family. With this acquisition, Bit Stew gains access to GE’s industrial ecosystem, customer base, and deep domain expertise. GE’s vision of a software-defined future strongly aligns with Bit Stew’s vision and capabilities and we are excited about the pivotal role our technology can play in driving the industrial ecosystem forward.”
In May 2015, GE Ventures led Bit Stew’s Series B investment round. Since that time, GE Digital and Bit Stew have worked together with several large customers to rapidly integrate complex sources of unstructured and structured data.
MIx Core will provide Predix with an unmatched capability to integrate data while it’s in motion, from the edge to the cloud, and improve operational agility of GE’s APM applications. Integration of Bit Stew’s solutions into GE’s Predix platform and APM offering provides industrial companies with a solution to efficiently organize large amounts of data at the source, enabling more rapid realization of Industrial Internet value. The addition of Bit Stew’s technology will make it easier for customers to move onto the Industrial Internet and spur digital transformation.
Message from Kevin Collins
CEO at Bit Stew Systems
Bit Stew’s MIx Core™, a data intelligence platform, applies its machine learning and artificial intelligence (AI) capabilities to automate the process of data modeling, mapping and ingestion, accelerating time to value for customers. This acquisition will help GE Digital provide a solution to organize large amounts of data through efficient data organization at the edge or at the source of the data – the asset.
GE Digital is committed to becoming a digital industrial leader and we believe that Bit Stew’s technology, team, and culture can help play an integral role. GE Digital’s acquisition of Bit Stew adds a strong set of technology talent and expertise to its fast growing business and everyone is excited about what the future has in store.
For Bit Stew, the team now has access to GE’s massive industrial ecosystem, its global customer base, and deep domain expertise. It’s rewarding because our vision, and everything we all worked towards, is coming to life. Together, our technology has the potential to transform the industrial world.
Message from Harel Kodesh
Vice President, Predix, and Chief Technology Officer, GE Digital
Bit Stew will help make Predix, GE Digital’s operating system connecting devices on the Industrial Internet, faster and more effective in creating powerful business outcomes for our customers. GED and Bit Stew have already been working together with several large customers to rapidly integrate complex sources of unstructured and structured data.
At GE, we have seen first-hand, how data integration has challenged IT and OT teams for decades and the advent of IIoT adoption is simply compounding the problem. That’s why we were intrigued with Bit Stew’s ability to model, map, ingest, analyze and visualize data sets in less than 4 hours compared to 6 man months – a time-to-value difference that is key to unlocking powerful business outcomes for our customers.
Now, the integration of our technologies will provide Predix with an even greater capability to integrate data while it is in motion from the edge to the cloud. This combined capability will help us further accelerate our industrial offerings, and provide our customers with a contextual understanding of their assets and operations. The result? Our Predix platform will more efficiently organize large amounts of data at the source, enabling more rapid realization of Industrial Internet value.
The acquisition of Bit Stew is an important part of GE’s transformational journey of becoming the leader in industrial digital transformation.
How we went from an innovative
start-up to a global leader in
Follow the timeline on when we secured our very first customer to
now being acquired by GE
Meet some of the folks that helped build the software company with a unique name