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GE Announces ‘Industrial Internet Quests’ Challenging Developers, from Designers to Data Scientists, to Transform Aviation

  GE Announces ‘Industrial Internet Quests’ Challenging Developers, from
  Designers to Data Scientists, to Transform Aviation and Healthcare
  Productivity

 Flight and Hospital Quests to Find and Fund New Ways to Reduce Flight Delays
         and Improve the Hospital Experience for Doctors and Patients

  *Call for new algorithms and design of application to help make air travel
    and hospital care more efficient
  *Open platform gives access to diverse data sets from Aviation industry
  *GE is collaborating with Alaska Airlines and Ochsner Health System in
    developing breakthrough technologies
  *Winners will receive a total prize pool of $600,000 in cash awards and
    opportunity to turn their submissions into GE-supported solutions
  *Quests open on November 29 at www.gequest.com

Minds+Machines Conference

Business Wire

SAN FRANCISCO -- November 29, 2012

GE (NYSE: GE) today announced the “Industrial Internet Quests,” a challenge to
developers and data scientists to create the best new algorithms and design
applications to reduce air travel delays and deliver the ultimate patient
experience. The two Quests will open on November 29 and are part of a broader
effort to create an open platform, cultivate a community, and develop
widespread expertise in the Industrial Internet. GE is partnering with Kaggle,
a leader in big data challenges, to execute the Quests.

“New tools alone are not enough to solve our big data challenges. The Quests
will give developers and data scientists access to the information needed to
spark new ideas, perspectives, analytic approaches, and find ways of working
across diverse industries,” said Bill Ruh, VP of GE’s Software and Analytics
Center. “We want this open platform to help spur innovation for extracting
actionable insights that will make machines like jet engines and healthcare
equipment more productive and decrease waste for our customers. We are excited
to see what the competition will yield.”

The Quests will span several months and submissions will be reviewed and
winners selected by Healthcare experts for the Hospital Quest and judged based
on automated rules for the Flight Quest. Winners will receive cash rewards as
well as the opportunity to have their submission turned into a working
simulation, with the ultimate goal of creating an onboard flight management
application and hospital patient experience application, supported by GE.

Ochsner Health System President and CEO Warner Thomas said: “At Ochsner, our
patients are our primary focus. We look forward to collaborating with GE and
the developer community to create technology that can help deliver a more
interactive, hassle-free experience from pre-admissions through treatment and
discharge.”

Alaska Airlines VP of Flight Operations Gary Beck said: “It’s our top priority
at Alaska Airlines to get our passengers to their destinations safely and
without flight delays. With this Flight Quest we are excited to partner with
GE to work with data scientists and developers to solve inefficiencies and
bring new innovation to flight management.”

GE’s first two Industrial Internet Quests announced today are:

Flight Quest: www.gequest.com/flight

  *The International Air Transport Association (IATA) and Federal Aviation
    Administration (FAA) estimate that on any given flight there is 18-22%
    inefficiency – from flight delays, to use of fuel, to flight paths. The
    Flight Quest challenges data scientists to help create an algorithm for a
    flight management system that reduces flight delays to save airlines money
    and ensure travelers arrive safely and on-time.
  *Participants in the Flight Quest will receive a two-month data set of
    flight information of the National Airspace System. The information will
    include: flight number, origin, destination, take-off time, arrival time,
    latitude and longitude at frequent interim waypoints along the journey and
    weather and wind data.
  *The Flight Quest will take place over two phases. In the first phase,
    participants will be asked to create a predictive model that increases
    aviation efficiency.
  *The winning predictive algorithm from the first phase will then be used to
    create a simulation in the second phase of the Quest with the ultimate
    goal being the creation by GE of an onboard flight management application.
  *Together, the winners from both phases will receive a total prize pool of 
    $500,000 from GE.

Hospital Quest: www.gequest.com/hospital

  *Many reports estimate there is anywhere from $750 billion to $1.2 trillion
    wasted annually in healthcare inefficiencies. The Hospital Quest
    challenges the developer community to create the ultimate patient
    experience in a hospital setting by designing applications for use by
    patients to take the hassle out of the process involved in hospital stays
    and advance operations management to free up caregivers to spend less time
    on inefficient processes and activities and more time with patients.
  *Submissions will be evaluated by a panel of judges from GE, Ochsner Health
    System and Kaggle. The winners will receive a total prize pool of $100,000
    from GE.

The Industrial Internet Quests will be open for entries beginning November 29,
2012. To participate and view full terms and conditions of the Industrial
Internet Quests, visit  www.gequest.com.

GE plans to launch a series of “Industrial Internet Quests” in 2013. These
Quests will embrace the goals of open collaboration with our customers,
developers, data scientists and designers to help GE in transforming various
industries across Healthcare, Aviation, Rail, Oil & Gas and Power.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
helping to cure the world. Not just imagining. Doing. GE works. For more
information, visit the company's website at www.ge.com.

Contact:

Media:
GE
Leigh Farris, 212-716-8929
leigh.farris@ge.com
or
The OutCast Agency
John O’Brien, 415-345-4721
jobrien@theoutcastagency.com
 
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