Best Practice Report

The Right Way To Establish A Digital Platform Business

Lessons From GE's Journey To Establish An Industrial IoT Platform As An Extension Of Its Own Digital Transformation

August 8th, 2017
NF
Nigel Fenwick
FG
Frank Gillett
With contributors:
Pascal Matzke , Annika Gunderson

Summary

Much has been said about Jeff Immelt's pending departure from his position as GE's CEO. But a big part of Immelt's legacy pertains to GE's digital transformation, which began when he described his company as "investing in disruptive innovation that will drive industrial productivity in the future." As more and more industrial firms are aiming to become digital businesses themselves, GE's journey so far offers many interesting lessons to digital leaders in this space. This report highlights the central role GE Digital takes in the transformation of GE and considers the next step for GE Digital in GE's journey to become a digital business.

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