Q1. GE's Industrial Internet Initiative Was Necessary and Valuable Given GE Was Able To
Q1. GE's Industrial Internet Initiative Was Necessary and Valuable Given GE Was Able To
Q1. GE's Industrial Internet Initiative Was Necessary and Valuable Given GE Was Able To
GE’s Industrial Internet Initiative was necessary and valuable given GE was able to
generate higher margins (~65%) vs. conventional margins (~35%) but not necessarily
proactive since it was in response to the threats by non-traditional competitors. In spite the
uncertainties and risks related to Industrial Internet such as requiring high levels of reliability,
flexibility, security, and analytical complexity, it had the potential to disrupt multiple
industries and to be a part of this growth, GE necessarily had to invest in the same due to:
4. GE specific advantages
With a large consumer base with strong customer relations and presence in various sectors
for a long period of time gave GE access to large data sets. This allowed them to understand
how the different sectors work and what kind of functionality is needed in the software to
approach the customers enabling them to capture a large share of this growing market.