Genpact asset optimization

Genpact executives discussed the company’s comprehensive portfolio of engineering and asset optimization solutions.


Genpact industrial asset optimization demonstrates that intelligent enterprises can be powered by progress.

Industrial companies often have difficulty growing services businesses to increase profitability. With service optimization tools, original equipment manufacturers (OEMs) can see:

  • 10-15% in revenue increases
  • Service cost reduction of 8-10%
  • Improved asset uptime up to 10%. 

OEMs face financial and operational risks in the absence of an effective industrial asset optimization program. Up to 30% incremental value is possible through an industrial asset optimization program.

How can OEMs services be improved? Tools, such as data integration, reporting, algorithm automation, statistical analysis, predictive modeling, and process optimization, can be used to obtain their goals.


Connect (robust and secure), collect (use big data protocols), compute (derive actionable insights from data), and control are the steps to improving an industrial assets portfolio. Upon completing these steps, results include greater asset reliability with less unplanned downtime, reduced financial and operational risk, and lower product failure rates. 

Oil and gas, transportation, utilities are among clients using analytics, processes, and technology to create services transformation and asset optimization.

Example benefits – achieved by actual companies – include:

  • 10% improvement equipment time and performance with remote monitoring for a power generation OEM.
  • 10% reduction in predictive maintenance costs for a leading power generation OEM.
  • Support $10 billion of service contract pricing through reliability for a global aerospace OEM.
  • Incremental revenue of $42 million over next 10 years for contract compliance for a global aviation company.
  • *12% cost reduction by optimizing the field force for a global energy services company.
  • 56% lower working capital and $30 million in cost avoidance for field inventory management and reverse logistics for a global medical equipment company.
  • $14 million incremental revenue by increasing installed base accuracy and streamlining new install process for a global medical OEM. 

GE spun off Genpact in 2006. The company has 65,000 employees, more than 600 clients, and a focus on process excellence.


- Mark T. Hoske and Jordan M. Schultz, content managers CFE Media, Control Engineering, and Plant Engineering,,

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Choosing controllers: PLCs, PACs, IPCs, DCS? What's best for your application?; Wireless trends; Design, integration; Manufacturing Day; Product Exclusive
Variable speed drives: Smooth, efficient, electrically quite motion control; Process control upgrades; Mobile intelligence; Product finalists: Vote now; Product Exclusives
Machine design tips: Pneumatic or electric; Software upgrades; Ethernet advantages; Additive manufacturing; Engineering Leaders; Product exclusives: PLC, HMI, IO
This article collection contains the 5 most referenced articles on improving the use of PID.
Learn how Industry 4.0 adds supply chain efficiency, optimizes pricing, improves quality, and more.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Pipeline vulnerabilities? Securing hydrocarbon transit; Predictive analytics hit the mainstream; Dirty pipelines decrease flow, production—pig your line; Ensuring pipeline physical and cyber security