4 ms·
I had the sense that GE didn't know what they were doing withe Predix and their whole industrial internet strategy. It seemed like some executive went to a 'in
by cashsterling 8y ago
I had the sense that GE didn't know what they were doing withe Predix and their whole industrial internet strategy. It seemed like some executive went to a 'innovation conference' and drank the kool-aid about industry 4.0 and IoT... came back to the office, slapped a 10-slide deck together for the board of directors framing a strategy to take over market space built around acquiring a promising company or two and building a business unit around them.
Board approved, they go off to execute... years later they realized their 10-slide deck was dumb, their understanding the market was flawed, and their product misaligned. This is par for the course for GE over the last decade plus.