GE has spun off its industrial Internet of Things platform into a separate company while making other changes, including selling off its interest in field-service software ServiceMax.

These moves shake up of the company’s GE Digital division and also include parting ways with the group’s CEO, Bill Ruh.

Predix is GE's ingestion and processing platform for industrial operations data, developed with the idea of providing a standardized way for companies to utilize the information coming from their sensor-equipped industrial gear. One business might use the software, which is delivered in a Platform as a Services (PaaS) format, as a way to automate reliability and maintenance for production line equipment; another might use it to track whether a generator is in danger of breaking down.

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