GE Creates New Independently Managed IoT Business

With its stock valuation continuing to sag, the company is looking for short-term revenue growth. To that end, it is creating a new stand-alone IoT software business.

1 Min Read
Industrial IoT business
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GE is creating a new industrial IoT business that will fuse its GE Digital business including its Predix platform and GE Power’s digital and grid software units.

While GE Digital was created with the aim of transforming the parent company into a “digital industrial company” while making GE a top-ten software company by 2020, the new industrial IoT software company will have clearer revenue-targeted ambitions. The new entity has $1.2 billion in annual software revenue.

The new GE Digital business will be rebranded and will receive its own equity structure and board of directors.

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Brian Buntz

Content Director, IoT World Today

https://iotworldtoday.com

IoT World Today

IoT World Today, a sister site to DCK, connects IoT decision-makers and implementers, including those in the C-suite, IT and line-of-business managers. We inspire them by providing the latest news and analysis and case studies about technologies used in the Internet of Things, such as infrastructure, security, analytics and development tools. We capture the stories of IoT leaders imbuing intelligence across vertical industries. In addition, we are the exclusive content outlet for the IoT World trade show and conference series -- the world’s largest IoT events -- and feature advice and best practices from the subject matter experts who drive those events.

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