Understanding turbines

20Feb08

Vinnie Mirchendani blogged today about how GE are using essentially BAM on their leased turbines to predict downtime and then share cost savings with their customers. The original came from Booz, Allen.

http://dealarchitect.typepad.com/deal_architect/2008/02/ge-siemens-and.html

This is such a great product of operational intelligence. Vinnie mentions how it could be done for outsourcers – coming up with value pricing options for capex investments. Someone will do it first. Wipro or Tata?

It got me thinking about which other industries this could apply to –

  • Premium car manufacturers (my german car is totally controlled by computer) could use the data they get from usage at services to offer more relevant warranties, discounts on services, upgrades?
  • The capex model/value pricing will work on trains, buses and other public transport systems. The public firms would push this further
  • Banks already use predicitve risk models to price credit & loans for their clients (then go and stick their money on flaky investments themselves)
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