General Electric bets big on digital

While the industrial ecosystem lags the productivity gains seen in the consumer economy as a result of digital disruption, General Electric (GE) is betting its future on digital industrial transformation and the powerful gains that will emerge from fully leveraging what the Internet of Things (IoT) has to offer. The consumer disruption as a result of unprecedented digital technology growth, as seen with Uber, AirBNB and Apple’s application economy, had not transitioned into the industrial environment, said GE Transportation chief digital officer and digital solutions president Seth Bodnar.