We are also harnessing the power of analytics to improve the energy efficiency of our products, such as wind and natural gas turbines. The Industrial Internet can greatly improve the monitoring, diagnostics and predictive maintenance of products so our customers can experience less unplanned downtime. For example, our latest jet engines are now equipped with sensors that analyze thousands of data points per second, so we can predict when maintenance is required in real time, meaning fewer flight delays and cancellations. This means results: a one-minute reduction per departure could save an average-size airline 1,700 hours per year, the equivalent of reducing crew costs by $1.2 million and fuel costs by $5 million.
Ecomagination has always been and will continue to be about innovation applied to drive results—an economic story with a beneficial environmental impact.