Last October, 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 they can improve their customer’s outcomes with that newly defined product. In the new age of IoT (Internet of Things), your industrial equipment organization can benefit by taking GE’s lead in developing smart services that support your products.