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GE has announced plans to enter the cloud services market with Predix Cloud. The 鈥渨orld鈥檚 first and only cloud solution鈥?designed specifically for industrial data and analytics, this platform-as-a-service (PaaS) will capture and analyze the unique volume, velocity and variety of machine data within a highly secure, industrial-strength cloud environment. Predix Cloud will drive the next phase of growth for the Industrial Internet. With $4 billion in software revenues in 2014 and projected software revenues of $6 billion in 2015, GE continues to increase its investment in software.鈥淐loud computing has enabled incredible innovation across the consumer world. With Predix Cloud, GE is providing a new level of service and results across the industrial world,鈥?said Jeffrey Immelt, CEO of GE.Nabil Habayeb, GE's president and CEO for the MENA and Turkey, said: "The launch of GE's Predix Cloud further strengthens our Future of Work in MENAT roadmap to unlock the true growth potential of the region."Predix Cloud will enable operators to use machine data faster and more efficiently, saving billions of dollars annually. By combining GE鈥檚 deep domain expertise in information technology (IT) and operational technology (OT), GE鈥檚 Predix Cloud will deliver advanced tools like asset connectivity, machine data support and industrial grade security and compliance. The Industrial Internet is generating data twice as quickly as any other sector. 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