Smart Products Need Smart Services: How IoT Affects Industrial Equipment
TSIA
APRIL 29, 2015
On October 2013, CEO of General Electric, Jeff Immelt, kicked off GE’s Minds+Machines conference with this statement: "You went to bed last night as an industrial company. You will wake up in the morning as a software and analytics company." So what would make the CEO of an industrial equipment giant say this? In addition to their wide range of product offerings, GE is quickly becoming a software and analytics company that is stretching the definition of what a product is and how t
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