IoT news of the week for June 29, 2018 – Stacey on IoT | Internet of Things news and analysis
GE’s restructuring plan is complete: I’ve been following the meltdown of GE with interest, as everything from its financing arm to its pursuit of digital transformation has been blamed for the company’s stumbles. And when it came to digital, GE did stumble. But I also give it credit for seeing where the power of ubiquitous and cheap wireless data, sensors, and analytics was heading and carving out a strategy to meet it. GE helped create the concept of a chief digital officer, created a reporting structure that gave that individual great power, and tried to implement several advanced IoT projects in its own manufacturing operations. No, it didn’t need to build its own cloud infrastructure, and sales got way ahead of the market, but I don’t think its commitment to digital was the issue. So when it said this week it would focus on aviation, power, and renewable energy, I found myself looking forward to seeing what it does in those areas. I also want to see how its medical business, which is being spun off, decides to take the GE digital DNA and apply it to the medical equipment industry. (The Economist)