GE Charges Into IoT, Cloud Analytics Space - InformationWeek

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GE Charges Into IoT, Cloud Analytics Space
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David Wagner
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David Wagner,
User Rank: Strategist
10/12/2015 | 2:24:47 PM
Re: GE
@jastroff- I don't know if GE every went away or died. People looked at them selling off units as "focusing." Immelt said in his interview that if having 300,000 employees with $65 billion in profits is a "focused" it is sure focusing on the right things.

At any rate, this is a company that has made over $300 billion in profits the last 5 years so the fact that they have to say they aren't dead is crazy.

Can GE, change its image and become a diigtal company? A room full of CIOs seemed to take it seriously so I think they can. But it is an uphill climb. GE is smartly selling to its existing customers first. So if they can win them over, I suspect they can broaden their horizons.

I don't think the question is whether cloud analytics can help industries, it is whether GE's cloud analytics can help more than IBM, Microsoft, etc. GE is claiming their eisting expertise gives them a leg up. We'll see.
Ariella
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Ariella,
User Rank: Author
10/12/2015 | 2:21:06 PM
Re: GE
< I was just saying to a colleague that my feeling about Gartner is that they have a way of making grand predictions that can't possibly be true and a way of making obvious predictions sound grand.> well put, David!
David Wagner
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David Wagner,
User Rank: Strategist
10/12/2015 | 2:15:37 PM
Re: GE
@ariella- I think that is fair. I was just saying to a colleague that my feeling about Gartner is that they have a way of making grand predictions that can't possibly be true and a way of making obvious predictions sound grand.

They go both ways in my opinion. I think there's no doubt though that the industrial internet (as GE calls it) or the Internet of Things for industry (as the rest of us call it) will have a larger economic impact first before the consumer market does.

So it wouldn't surprise me if GE made money off the IoT before a lot of other people did.
Ariella
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Ariella,
User Rank: Author
10/12/2015 | 1:44:49 PM
Re: GE
@David Personally, I think that Gartner tends to be a bit too optimistically bullish about such things, both in terms of how soon and how much can be attributed directly to the technological advance.
David Wagner
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David Wagner,
User Rank: Strategist
10/12/2015 | 1:38:37 PM
Re: GE
@ariella- Well, I can't say I know for sure because a lot of it depends on how the market receives Predix. But Gartner predicted that IoT was going to make a $1 trillion market. So it strikes me that $20 billion isn't that big a chunk.

I think the issue is not the revenue number but if Gartner and GE are a little optimistic about WHEN this becomes a big market.
Ariella
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Ariella,
User Rank: Author
10/8/2015 | 9:07:12 AM
GE
I know GE is going full steam ahead on Predix. Do you think it really will get them that position by 2020, David? I have my doubts. 


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