The high profile implosion of General Electric’s (GE) ambitious digital strategy has caught the attention of many practitioners and IT leaders over the last few months. GE is an iconic business conglomerate with major operations in Aerospace, Transportation, and Power, along with a major financing arm. GE embarked on a massive digital transformation strategy a few years ago, with GE Digital ostensibly in charge of driving disruptive digital capabilities into the various business units. GE’s digital operation was touted as building software capabilities that drive business differentiators and ROI across aircraft engines/supply chains, transportation & power. GE also has been on record touting billions of dollars in cost savings attributed to this digital transformation, mainly due to fault tolerance and lower operating costs.
According to Reuters, GE expects to book around $12 billion in revenue in 2020. For perspective, GE’s total revenue in 2017 was nearly $124 billion.
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