Data Analytics in GE’s Innovation Process

General Electric (their innovation = Flight Efficiency Services and Fuel Management using the Predix Platform)
It is an essay on the role of data analytics in the innovation process. You are expected to choose an example
of a company that uses quantitative data in one or more steps of the innovation process (e.g. uses large-scale
quantitative tests for the product/service you developed and/or use data to identify pain points to design
products/services in the first. It could be successful cases (where quantitative data helped) and it could be
failure cases (where quantitative data was misleading). In the essay, you are expected to a) describe the data
used, how it was collected and used and b) analyze the use of data analytics by pointing to the
advantages/disadvantages.
A good structure will answer the following questions:
How did they use big data / data analytics?
Where does the data come from?
How is the data processed or managed?
What products/services are developed?
What were the major sources and challenges in collecting and processing the data?
Are there any privacy issues? (this is optional)
What was the impact on market, financial and innovation performance?
At the end just links to the sources. Here are some that might be useful:
https://www.ge.com/news/reports/big-data-industrial-internet-can-help-southwest-save-100-million-fuel
https://www.geaviation.com/military/services/digital-services-data-analytics

 

 

Sample Solution

 

 

 

 

Contrasts Between Conventional and Alternative Medicine

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AlternativeDoctorThe progress of science is generally accepted to have improved the nature of numerous procedures, items, and administrations. Be that as it may, in specific circles of life, customary strategies are as yet being utilized; medication is a splendid case of the concurrence of two antipodal methodologies. Alongside ordinarily perceived regular medication dependent on science and innovation, there likewise exists elective medication, which once in a while incorporates rehearses created a large number of years back. The predominance of every one of these sorts of medication have a long-standing history, as every one of them have demonstrated its adequacy; thusly, understanding their favorable circumstances and downsides is urgent for framing one’s own perspective.

The main contrast between these two frameworks is their way to deal with analysis. Traditional medication centers around the components that cause sicknesses and helping their manifestations; each variation from the norm is viewed as a free proviso, separate from the character of an individual and their condition. In contrast to its partner, elective medication considers a to be as a harmony of interrelations between a body and its condition; in this way, an ailment is believed to be brought about by a lopsidedness between them. At the end of the day, elective medication centers preferably around purging the whole framework over on restoring its specific components (Buzzle).

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