GE Vice Chair: Venture Unit Looking More at Partnerships

The transcript discusses how large corporations balance internal innovation with acquisitions, emphasizing the importance of core innovation and partnerships. It highlights GE's approach to innovation, including their work in renewable energy and digital partnerships. The Predix operating system is introduced as a tool for managing industrial-scale data, with a partnership with Microsoft Azure. GE Ventures is also discussed, focusing on its role in investing and partnering with startups, including projects like drone services and cell therapy incubation.

What is a key strategy for big corporations to maintain innovation?

• Avoiding partnerships with other companies

• Acquiring as many startups as possible

• Focusing solely on internal innovation

• Balancing internal innovation with external partnerships

What is the primary purpose of the Predix operating system?

• To focus on cloud-only solutions

• To handle industrial-scale data

• To manage consumer data

• To replace traditional operating systems

What challenge does industrial data present?

• It is always stored in the cloud

• It requires small-scale data analysis

• It involves unique challenges not found in other data types

• It is easily managed without partnerships

What is one of the roles of GE Ventures?

• To focus solely on renewable energy

• To focus only on internal projects

• To avoid collaborations with other companies

• To invest in and partner with startups for commercial applications

What is Vitruvian, as mentioned in the transcript?

• A renewable energy project

• A cell therapy immunotherapy data initiative

• A new operating system

• A traditional manufacturing process