GE and the Industrial Internet Karim R Lakhani Marco Iansiti Kerry Herman 2014
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GE has taken a bold step to transform itself into an Internet-of-things company, embracing sensors, devices, and algorithms in everything from air conditioning systems to factory floors. The transformation is significant because it has the potential to make GE’s industrial portfolio more agile, sustainable, and profitable. Here’s how. Faced with aging assets and falling margins, GE is transforming the industrial Internet for three key reasons: 1. Big data GE has an estimated 21
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I wrote about this in “The Future of Everything”: In “The Future of Everything” I wrote about how industrial companies can thrive by digitally transforming their operations to compete in the digital era. One such company is GE, a major American conglomerate that produces virtually everything from airplanes to health care equipment. GE has aggressively embraced digital technology across its business, including industrial control systems, aircraft engines, and healthcare devices. As a result, GE has been able to achieve sustainable and prof
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“We can see GE as a giant industrial automation company with a long history in the aerospace and energy fields, that began its journey in the 1950s. Click This Link GE is known for innovation and excellence in engineering. We are in the midst of a period of digital transformation, characterized by the convergence of industrial and digital technologies. This convergence has two major strands. The first strand is the rise of the Internet of Things (IoT), the network of physical things that are embedded in a digital environment. The second strand is the
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I write this today, after attending a very successful industry conference, “GEs Innovation & Technology Summit”, hosted by GE for its clients. This was a 3-day event covering various aspects of GE’s innovations, technologies and investments in digital. It was the biggest industry summit GE had organized, and it was well attended by senior executives, scientists, designers and engineers from around the globe. The speakers were world-class, and the technology showcases were awe-inspiring. GE
Case Study Solution
GE’s Industrial Internet initiative aims to take advantage of the Internet of Things to increase efficiency, reduce costs, and improve the quality of production. GE has already made progress in these areas through its HAN (Human Annotated Networks) project. HAN leverages machine learning and other AI-powered tools to analyze real-time production data. The company’s IoT strategy aims to achieve a full IoT ecosystem by 2016, including a cloud-based data management and analytics platform. The platform will provide