General Electric (GE) is undergoing a significant digital transformation, led by digital influencer Bill Ruh, aiming to become a top ten software company by 2020. This transformation is not just about technology, but also about changing the culture and business model of the company. The company is focusing on the industrial internet, aiming to create a platform that connects machines, data, and people.
GE’s digital strategy centres on three key areas: creating a platform, building applications, and fostering a digital ecosystem. The platform, Predix, is designed to handle big data from the industrial internet. The applications will be built on Predix and will enable customers to optimise their assets and operations. The digital ecosystem will involve partnering with other companies to build applications on Predix.
Bill Ruh emphasises the importance of speed in this transformation. He believes that the company must act quickly to stay ahead of the competition. The company is also focusing on talent acquisition, especially in the software and digital space. The transformation is a challenging task, but GE is determined to succeed.
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