The new platform consolidates data from a broad mix of sources, including smart meters, grid management systems, and even unstructured social media content from sources like Facebook or Twitter.

Grid IQ Insight generates actionable information from the data using advanced analytics technologies to predict and resolve power failures.

Commenting on the launch of Grid IQ Insight, GE Digital Energy business general manager Michael Carlson said the tool will help utilities to predict and prevent power outages.

"Our Grid IQ Insight enables utilities to identify system outages quickly via improved visualization and analysis of their systems, minimizing outage times and greatly reducing costs associated with extended system outages," Carlson added.