Genpact Helps Manufacturers Harness Power of Internet of Things to Transform Industrial Asset Management

Genpact has developed an innovative way for manufacturers to transform their industrial asset performance management processes, reimagine business models, and create new revenue streams. The Industrial Internet Consortium (IIC^®) has approved the Asset Outage Management testbed, which uses sophisticated digital technology, analytics, and process and data models that extract data from legacy systems and connected assets to predict maintenance issues.

"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.

"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. Read the full article here.