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FIVE STEPS GE has taken 5...startup principles we call FastWorks, which emphasizes: Culture Change 4...
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A quick review of headlines over the past few years reveals staggering growth projections and expectations for the Industrial IoT. Here’s just a sample. As impressive as those stats are, knowing what steps to take gain from the Industrial Internet can be daunting. Organizations need to understand how to configure their operations for transformation–determining what capabilities, roles, leaders, and teams are needed. Operating Model and Capabilities 1 You can’t transform on your own. We pair the capabilities of the app economy with GE’s growing partner ecosystem that provide ready-made digital solutions. Partner Ecosystem 3 Creating services on an open app ecosystem opens up the ability for our customers and ecosystem partners to put their own applications, analytics, or microservices on Predix, all in an effort to accelerate transformation of IT from a cost center to a profit center. New Business Models 5 Companies that leverage data and the power of the app economy set themselves up for long-term success. We created GE's Predix to allow organizations to start at the innovation layer. Platform 2 Transformation doesn’t matter unless you’ve got a culture that’s willing and able to embrace it. At GE, we embraced lean startup principles we call FastWorks, which emphasizes: Culture Change 4 Digital Industrial Transformation Steps To 285% 5-10% 80 BILLION $ 10-15 connected devices by 2020 TRILLION estimated forecast of global GDP gains from the Industrial Internet growth in the number of IoT connected devices by 2020 over 2015 growth or cost efficiency gains companies expect from IoT in the next few years 1 Operating Model and Capabilities 2 Platform 3 Partner Ecosystem 4 Culture Change 5 New Business Models GE Digital GE (NYSE: GE) @GE_Digital www.linkedin.com/company/ge-digital imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other com- pany can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. Read our blog for more insights: www.ge.com/digital/insights Here are the FIVE STEPS GE has taken on its path to becoming a digital industrial. IDC, 2016 GE Juniper Research, 2016 McKinsey, 2015 Space To Experiment Iterative Innovation Fail-Fast Mentality
Transcript of FIVE STEPS GE has taken 5...startup principles we call FastWorks, which emphasizes: Culture Change 4...
A quick review of headlines over the past few years reveals staggering growth projections and expectations for the
Industrial IoT. Here’s just a sample.
As impressive as those stats are, knowing what steps to take gain from the Industrial Internet can be daunting.
Organizations need to understand how to configure their operations for transformation–determining what capabilities, roles, leaders, and teams are needed.
Operating Model and Capabilities1
You can’t transform on your own. We pair the capabilities of the app economy with GE’s growing partner ecosystem that provide ready-made digital solutions.
Partner Ecosystem3
Creating services on an open app ecosystem opens up the ability for our customers and ecosystem partners to put their own applications, analytics, or microservices on Predix, all in an effort to accelerate transformation of IT from a cost center to a profit center.
New Business Models5
Companies that leverage data and the power of the app economy set themselves up for long-term success. We created GE's Predix to allow
organizations to start at the innovation layer.
Platform 2
Transformation doesn’t matter unless you’ve got a culture that’s willing and able to embrace it. At GE, we embraced lean
startup principles we call FastWorks, which emphasizes:
Culture Change 4
DigitalIndustrialTransformation
Steps To
285% 5-10%
80BILLION
$10-15
connected devicesby 2020
TRILLION
estimated forecast ofglobal GDP gains fromthe Industrial Internet
growth in the number ofIoT connected devices
by 2020 over 2015
growth or cost efficiencygains companies expect
from IoT in the next few years
1
Operating Modeland Capabilities
2
Platform
3
PartnerEcosystem
4
CultureChange
5
New BusinessModels
GE DigitalGE (NYSE: GE)
@GE_Digital
www.linkedin.com/company/ge-digital
imagines things others don’t, builds things others can’t and delivers outcomes that make the
world work better. GE brings together the physical and digital worlds in ways no other com-
pany can. In its labs and factories and on the ground with customers, GE is inventing the next
industrial era to move, power, build and cure the world.
Read our blog for more insights:
www.ge.com/digital/insights
Here are the FIVE STEPS GE has takenon its path to becoming a digital industrial.
IDC, 2016
GE
Juniper Research, 2016
McKinsey, 2015
Space To ExperimentIterative Innovation Fail-Fast Mentality
