Elevator Stops News Today : Breaking News, Live Updates & Top Stories | Vimarsana

How do we capture this vast new market? >> so just to help our viewers understand, this is how the head of a big software company explained it to me. used to be you made the elevators. you made big money in that and now you sell elevators but you have computers and sensors that will track exactly when each elevator stops, starts, breaks down. >> with the human flow, what the human flow is. >> customized service and you make your money on the service contracts that are built on big data rather than the -- >> you described it -- you should come to work for g.e. that's exactly -- that's exactly t...

Track exactly when each elevator stops, starts, breaks down, and -- >> with the human flow. what the human flow is, management -- >> service and you make your money on the service contracts that are big on big data rather than just on the actual -- >> described it -- you should come to work for ge. that's exactly -- that's exactly the world. and you know, we've had the consumer internet as defined by, let's say amazon. we've had the enterprise internet as defined by microsoft or google. now the next phase is the industrial internet. it's going to be a multihundred billion dollar industry and w...