DNV GL’s 1,000-strong digital solutions unit

New unit to boost Veracity cloud data platform. GE scales-back on Predix.

GE has previously reported having ‘up to 20,000’ developers working on its Predix IoT platform. DNV GL, more modestly, reports a new, ‘1,000 strong’ dedicated digital solutions organization (DSO). DSO is led by Elisabeth Heggelund Tørstad, previously CEO at the oil and gas unit. DSO will manage the new ‘Veracity’ platform. Veracity, roughly equivalent to GE’s Predix, is designed to ‘extrapolate meaning’ from the user’s data and to be a data source for other DNV GL applications including software-as-a-service.

DSO is also concerned with DNV GL’s own digital transformation. CEO Remi Eriksen said, ‘Data is the raw material of the 21st century. It is the foundation and driver of the digital transformation and forms the basis of value creation.’ One of Tørstad’s first tasks is to hire a Chief digital transformation officer.

Over at GE, the picture is less rosy. Speaking at an investor update in New York this month, CEO John Flannery announced an exit from $20 billion of ‘non-core or smaller businesses.’ While Predix is still key to GE’s future, its scope will no longer include ‘vertical-specific solutions for adjacent industrials.’ Some $400 million costs are to be eliminated from the Predix unit.

This article originally appeared in Oil IT Journal 2017 Issue # 9.

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