CNBC Exclusive: Microsoft and GE Talk About Augmented Reality

On Monday, July 11th, 2016, CNBC aired a live exclusive interview with Microsoft CEO Satya Nadella and General Electric CEO Jeff Immelt. Many interesting viewpoints regarding Augmented Reality in the enterprise were discussed and here are highlights below:

  • Industrial scenarios, education, training, manufacturing, architecture and industrial design are going to be fundamentally changed by Augmented Reality.
  • You can take the cycle time of doing repairs on a utility or refinery down by 10%. This is because you could fix everything right the first time and have a chance to visualize and manage the human data interface. That’s probably worth around $50 billion.
  • The industrial applications of this are going to be worth billions of dollars of productivity.
  • Commenting on how far off we are from widespread adoption of AR and IoT technologies, it’s probably around 24 months.
  • There are around 20,000 field engineers repairing MR scanners, gas turbines and jet engines. We are marrying their tasks with service data right now.
  • Let’s say to replace the GE installed base today would cost almost $2 trillion. So these assets that are out there, these industrial assets: I mean, the difference between the consumer internet and the industrial internet. if you get sick of your iPhone, you just throw it away and buy another one. You don’t do that with a jet engine or a gas turbine. You need it, you know, 1% more fuel is like gold for you. So our ability to deliver in this distributed global network, more productivity tools, is like gold for our customers.
  • Make no mistake, Augmented Reality is going to happen. It is going to happen in the industrial space. It is going to be very productive.

Details of the full transcript and videos of the interview can be found here.

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