Schindler, GE Digital, and Huawei Partner to Develop IoT Enabled Elevators
On September 19, 2016, Schindler and Huawei announced that they had signed a global agreement to develop smart Internet of Things components to create connected elevator and escalator solutions. This partnership follows on the heels of Schindler’s alliance with GE Digital announced in June 2016, which saw Schindler leveraging GE’s Predix Platform to further develop digital solutions utilizing IoT, predictive analytics, and machine learning. These IoT solutions will allow Schindler to leverage machine data for insights into elevator and escalator operations while minimizing interruption times and manual inspections, reducing both operational and maintenance costs. The partnership allows GE and Huawei the ability to create new service value for a specialized vertical that traditionally had high barriers to entry.
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