Jim Fowler, CIO, General Electric

General Electric outfitted 650 British Petroleum (BP) oil wells with systems that allow the rigs to report operational data to a central GE platform. The data is used to optimize how the machines run; so far BP and GE have created a 2 to 4% efficiency improvement, according to GE CIO Jim Fowler.

It may not sound like a lot, but Fowler said just a 1% global improvement in well production could create a $90 billion offset of capital spending in the energy industry.

General Electric

Jim Fowler, CIO, General Electric

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