GE Ventures Launches Data-Driven Company to Advance Industry Inspection Services

BERLIN--(BUSINESS WIRE)--Today at GE's Minds Machines Europe event, GE Ventures (NYSE:GE) announced the launch of Avitas Systems, a new company that will use predictive data analytics, robotics, and artificial intelligence to deliver advanced inspection services to the oil and gas, transportation, and energy industries. Routine inspections can be slow and costly, and often include humans performing high-risk tasks. Data is manually collected and processed, and can take weeks to analyze. By reducing high-risk tasks through robotics, Avitas Systems can make inspection processes safer and more efficient through data automation, decreasing costs by up to 25%. By performing inspections based on anticipated risk, instead of regular time intervals, Avitas Systems can also help to increase asset longevity.