4 ms·
> Since launching its industrial IoT effort five years ago, GE has spent billions selling the internet of things to investors, analysts and customers. > spent
by benwilber0 9y ago
> Since launching its industrial IoT effort five years ago, GE has spent billions selling the internet of things to investors, analysts and customers.
> spent billions
Does that seem realistic to anyone? I'm sure they've spent a lot of money, but billions? Even if it's a single "billion" that's basically 1/25th of GE's total worth.
edit: Stacey sourced from http://www.ge.com/ar2016/ceo-letter/beyond/ http://www.ge.com/ar2016/ceo-letter/beyond/
- comicjk 9y agoAccording to this site [1], GE spent $393 million on advertising in 2014. So I would say billions on any one product line over 5 years is improbable. Maybe half a billion is believable. [1] http://adage.com/article/advertising/big-spenders-facts-stats-top-200-u-s-advertisers/299270/ http://adage.com/article/advertising/big-spenders-facts-stat...