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    Group1 - GE and The Industrial Internet

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    NishiGogia
    GE's Industrial Internet initiative can be assessed positively based on several factors: GE is an oldest remaining company on the DOW index and has diversified into sectors from energy to healthcare. It has evolved into a large technology conglomerate. The market for the industrial internet is growing significantly with an estimated 50 billion devices connected to the internet by 2020 and over $500 billion in spending. GE was well-positioned to capitalize on this opportunity due to its existing strengths across multiple industries and large customer base. Implementing an industrial internet platform allows GE to integrate its various business units and provide intelligent solutions across sectors.

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    Group1 - GE and The Industrial Internet

    Uploaded by

    NishiGogia
    1K views2 pages
    GE's Industrial Internet initiative can be assessed positively based on several factors: GE is an oldest remaining company on the DOW index and has diversified into sectors from energy to healthcare. It has evolved into a large technology conglomerate. The market for the industrial internet is growing significantly with an estimated 50 billion devices connected to the internet by 2020 and over $500 billion in spending. GE was well-positioned to capitalize on this opportunity due to its existing strengths across multiple industries and large customer base. Implementing an industrial internet platform allows GE to integrate its various business units and provide intelligent solutions across sectors.

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    Group1_GE and the Industrial Internet

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    GE's Industrial Internet initiative can be assessed positively based on several factors: GE is an oldest remaining company on the DOW index and has diversified into sectors from energy to healthcare. It has evolved into a large technology conglomerate. The market for the industrial internet is growing significantly with an estimated 50 billion devices connected to the internet by 2020 and over $500 billion in spending. GE was well-positioned to capitalize on this opportunity due to its existing strengths across multiple industries and large customer base. Implementing an industrial internet platform allows GE to integrate its various business units and provide intelligent solutions across sectors.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views2 pages

    Group1 - GE and The Industrial Internet

    Uploaded by

    NishiGogia
    GE's Industrial Internet initiative can be assessed positively based on several factors: GE is an oldest remaining company on the DOW index and has diversified into sectors from energy to healthcare. It has evolved into a large technology conglomerate. The market for the industrial internet is growing significantly with an estimated 50 billion devices connected to the internet by 2020 and over $500 billion in spending. GE was well-positioned to capitalize on this opportunity due to its existing strengths across multiple industries and large customer base. Implementing an industrial internet platform allows GE to integrate its various business units and provide intelligent solutions across sectors.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Q1. How would you assess GE’s and the industrial internet initiative?

    GE’s Industrial internet initiative can be assessed on following factors –

     Oldest remaining company on DOW


     Diversified – From energy to healthcare
     Evolved into technology conglomerate

    The market for the industrial internet is consistently developing. We can say that industrial
    internet has effectively prepared to give intelligent solutions for the diverse business
    segments. According to the case study, 50 billion individuals will be associated with web by
    2020. It showed extraordinary market potential forthe GE. The examination additionally
    demonstrated that industrial internet spending will reach $514 billion. Along these lines, from
    the point of view of the business and monetary development, it was the correct choice for
    the GE to go into this market. The greatest advantage for the GE, was their quality in different
    parts and high client base. This nearness enabled them to see how the various divisions work
    and what sort of usefulness is required in the product to approach the clients. They have an
    accessibility of the huge informational collection. Another favorable position for them was
    their essence in this market for the significant amount of time. This permitted them
    comprehend the significance of the adjustments in the business, so they could concentrate
    on the versatility of the product over the timeframe. In the present situation, every element
    of the GE was working without anyone else programming framework according to their need.
    To remove this heterogenicity, Industrial Internet was the arrangement. Administration
    segment of the GE is developing with a high pace contrast with their item division. This means
    that the future business openings and consequently the modern web activity will be a next
    huge thing in the business world.

    Q2. What should GE's next step be? Prepare an action plan for Comstock and Ruh to
    accelerate the Industrial Internet effort.

    The challenge for the GE is to keep the pace with the adjusting business world and remain
    ahead in the challenge. GE needs to keep their core platform adaptable and need to maintain
    a strategic distance from exorbitant expenses spend on that instead of its applications. They
    also need to keep up the security of the client's information. Market is extending
    consequently GE needs to develop in this market and be progressively successful, along these
    lines they have to begin employing increasingly skilled specialists. They need to begin working
    intimately with clients to cause them to comprehend the significance of the framework and
    how it very well may be utilized in the business. In this way, additionally instructional course
    and fruitful establishment results are important. Diverse deal is and checking approach in
    fundamental for this situation. Including client structure the beginning time till the total usage
    is fundamental. Specialists and sales reps need to cooperate to coordinate the pace and
    parallel exercises are fundamental. To remain in this new market steady contender's
    investigation is essential. They have to adopt right key strategy as they have to extend with
    this developing business sector. Going into more business fragments and demonstrating the
    legitimacy in those parts is basic. Along these lines, all in all GE needs to procure more
    individuals in specialized just as deals and an advertising office. They have to make
    progressively shared key model. Keep watch on contenders and set up themselves as a
    prevailing structure is fundamental.

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