GE's Predix Refocuses Business on Internet of Things

The transcript discusses GE's focus on value creation through data and analytics, particularly in the industrial internet space. It highlights the company's progress and significant investment in developing platforms and productivity apps. The market uptake is strong, with numerous partnerships and a focus on becoming a leading platform. The transformation of GE's business, including the restructuring of GE Capital, is also covered, emphasizing the company's strategic shift towards increased productivity and growth.

What is the primary goal of GE's platform, Predix?

• To enhance fuel efficiency in cars

• To create a new social media platform

• To improve efficiency and outcomes in industrial systems

• To develop new consumer electronics

What is the role of analytics in GE's Predix platform?

• To provide insights for running machines more efficiently

• To create new social media algorithms

• To enhance virtual reality experiences

• To develop video games

How much is GE investing in the development of Predix and its applications?

• Over $500 million

• Over $1 billion

• Over $2 billion

• Over $5 billion

What is the significance of GE's partnerships for Predix?

• They are limited to local businesses

• They focus on the entertainment industry

• They include some of the biggest names in technology

• They are mostly with small startups

What is the expected impact of Predix on GE's market share?

• It will only impact market share in Europe

• It will increase market share due to differentiated products and services

• It will have no impact on market share

• It will decrease market share

What major transformation is GE undergoing with GE Capital?

• Entering the retail banking sector

• Reducing its assets by $250 billion

• Expanding its asset base

• Acquiring new financial institutions

What designation is GE seeking to remove from GE Capital?

• Top 10 Global Bank

• AAA Credit Rating

• SIFI (Systemically Important Financial Institution)

• Fortune 500 Status