Business Chief Europe Magazine October 2017 | Page 15

STEALTH AND EFFICIENCY - DIGITISING GLOBAL BRANDS

‘ A GLOBAL GAS-FIRED POWER PLANT FLEET COULD YIELD £ 50BN , JUST IN THAT FUEL CONSUMPTION SAVING ’

– Deborah Sherry , General Manager and Chief Commercial Officer , GE Digital Europe
saving of just 1 % in fuel , over the next 15 years , GE will make a saving of £ 23mn . Aside from using less fuel and the cost savings involved , this also means less pollution .
“ A global gas-fired power plant fleet could yield £ 50 billion , just in that fuel consumption saving . So , we do this across every industry , whether it ’ s for fuel , wastage in the product that you ’ re manufacturing , or whatever it may be ,” Sherry says .
At its power circuit breaker plant in Arecibo , Puerto Rico , General Electric achieved all of these efficiencies by deploying this new software , leading to a gain of $ 35mn over three years .
THE FUTURE IS DIGITAL Business operations and people ’ s everyday lives are becoming ever more digitised . “ It ’ s pretty mature these days ,” Sherry says . “ Ten years ago , you weren ’ t managing your life that way , but almost your entire life , certainly your kids ’ lives , are digitally managed . Ten years from now , you ’ re going to see what we call the digital thread being how we manage the industry . From when you wake up in the morning and you ’ re checking what you need to do for the day , all the way through to programming your favourite shows in the evening , everything will be digital .”
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