General Electric has made a series of investments aimed at expanding its ‘Industrial Internet’ strategy in Europe, and said the initiative will result in creation of 330 jobs.

The conglomerate said it will increase its software and analytics competency at its GE Engineering Design Center (EDC) in Warsaw. The center aims to develop innovative physics-based analytics solutions that support customers in the energy, oil and gas and aviation industry.

The investment is in addition to the 460 software engineers already employed by GE in the UK, operating across aviation, energy management, oil and gas, healthcare, and home and business solutions.

GE is also launching a HUF11bn (US$48m) program in Hungary to develop a healthcare information system, designed to improve decision making that would vastly increase the efficiency of healthcare. GE said the program would offer a “unique” opportunity for approximately 180 software engineers to develop and test “one of the most advanced healthcare IT infrastructure systems ever created".

The investments would also see the appointment of a new software leader for Europe, Stefan Bungart.

Bungart’s role would be to “drive regional alignment, innovation and rapid development techniques” for Europe's software hub, including in the UK market.

Nani Beccalli-Falco, president and CEO of GE Europe, said although the strategy could help drive growth and productivity as well as creating great savings and efficiencies in key sectors like energy, healthcare and transportation, this “will not happen in a vacuum”.

“While investments from the private sector will be a key driver, governments and the public sector need to help create the conditions which will enable those investments to happen like a skilled labour force, secure and free movement of data and greater standardization,” Beccalli-Falco said.

Last month GE's critical power business launched a containerized power systems module for data centers known as PowerMOD.