It's about to become one of the biggest tech rivalries of all time.
We're talking bigger than AMD vs. Intel, Netflix vs. Comcast, and Apple's iOS vs. Alphabet's Android.
That's because this growing showdown is taking place over the Internet of Everything (IoE).
There's a lot riding on the line here. Over the next two decades, the IoE will have a business and economic impact worth between $14 trillion and $25 trillion.
See, the IoE will connect trillions of sensors around the world that will be attached to everything from autos and streetlights to shipping boxes and robots to smart cities and homes.
That's why General Electric Co. (NYSE: GE) and Siemens AG (OTCMKTS: SIEGY) are fighting so hard to dominate this budding field.
One of the two stands to profit hugely.
The Showdown
The IoE will play a central role in what I call the "Convergence Economy." That's when multiple technologies "converge" to create whole new technologies, devices, and/or business opportunities.
And in the IoE, we're talking about a world in which just about every physical object - including probably our own bodies - is in some way connected to the web.
And that puts the cloud front and center in the battle between GE and Siemens. The reason: The IoE will create a tsunami of data that will be stored in remote data centers so it can be accessed from anywhere in the world.
The American
GE is surely the premier industrial firm in the world.
Its consumer division has long been at the forefront of appliances, electrical equipment, and lighting. And enterprises turn to GE to solve major challenges in energy generation, security, inspection equipment, and medical devices.
Now, GE wants to take every one of those businesses into the digital sphere, bringing smarts and communications to all the products it makes.
In fact, GE now calls itself the "digital industrial company."
Bill Ruh, GE's chief digital officer, has quickly built a team of 1,200 in Silicon Valley to ensure that the firm's Predix industrial cloud-based platform is embedded in every new product the firm designs.
And not just products from GE...
The firm says that Predix "works with operating assets from any vendor or vintage." The software captures and analyzes the massive reams of data that are being produced today - and the even larger amount of info that the IoE will produce.
Applying Predix software to aircraft engine maintenance, for example, has reduced down time by 25%. This is now a nearly $6 billion business for GE, and the firm thinks it will be a $20 billion business by 2020.
But GE will need to keep close tabs on its main global rival...
The European
That's Germany's Siemens.
The firm's MindSphere platform performs many of the same functions as Predix.
Siemens sees MindSphere as a "Platform-as-a-Service" (PaaS) that other firms can use to build IoE applications.
And both of…
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About the Author
Michael A. Robinson is a 36-year Silicon Valley veteran and one of the top tech and biotech financial analysts working today. That's because, as a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs, scientists, and high-profile players. And he brings this entire world of Silicon Valley "insiders" right to you...
- He was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon.
- He was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
- As cyber-security was becoming a focus of national security, Michael was with Dave DeWalt, the CEO of McAfee, right before Intel acquired his company for $7.8 billion.
This all means the entire world is constantly seeking Michael's insight.
In addition to being a regular guest and panelist on CNBC and Fox Business, he is also a Pulitzer Prize-nominated writer and reporter. His first book Overdrawn: The Bailout of American Savings warned people about the coming financial collapse - years before the word "bailout" became a household word.
Silicon Valley defense publications vie for his analysis. He's worked for Defense Media Network and Signal Magazine, as well as The New York Times, American Enterprise, and The Wall Street Journal.
And even with decades of experience, Michael believes there has never been a moment in time quite like this.
Right now, medical breakthroughs that once took years to develop are moving at a record speed. And that means we are going to see highly lucrative biotech investment opportunities come in fast and furious.
To help you navigate the historic opportunity in biotech, Michael launched the Bio-Tech Profit Alliance.
His other publications include: Strategic Tech Investor, The Nova-X Report, Bio-Technology Profit Alliance and Nexus-9 Network.
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