GE Brings Context to Technology Wave
GE CEO Jeff Immelt delivered three distinct messages in his keynote address to the more than 600 attendees of this week's GE Intelligent Platforms User Summit in Orlando, Florida.
First, every industrial company will soon be a software and data analytics company, or risk competitive irrelevance. Second, because GE is also among the world's largest industrial companies—with some 400 plants and factories and an annual manufacturing spend of $63 billion—it's uniquely qualified to help bring an industrial context to the converging waves of smarter devices, ubiquitous connectivity, big data and analytics washing over industry, a technological tsunami that GE calls the Industrial Internet. Third, even GE can't build out the Industrial Internet on its own; collaboration and co-innovation will be needed to realize its promise.