How successfully companies combine digital technologies will determine if they make it or break it in the industrial world. These firms are turning to unlikely places to make sure they're not left on the sidelines.
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Getting there will require some creative engineering — both reimagining the usual suspects like turbines and generators as well as deploying new cloud-based digital tools and data analytics. GE has a few ideas.
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The investment underscores GE’s focus on improving margins and returns, reducing costs and the size of corporate, returning capital to shareholders and realigning its portfolio.
Here’s a snapshot of GE’s strategy, portfolio actions, and how the company is performing.
Strategy - The GE Store