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 with their platform, Predix. It highlights the company's progress, investment, and market uptake, emphasizing partnerships and the impact on GE's business. The transformation of GE Capital and its restructuring efforts are also covered, showcasing the company's strategic shift and future growth potential.

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

• To develop new hardware for jet engines

• To enhance machine efficiency and customer outcomes

• To replace all existing GE products

• To focus solely on wind energy

How many people are currently developing on the Predix platform?

• 5,000

• 10,000

• 20,000

• 15,000

What is one of the expected outcomes of Predix's success for GE?

• Decreased market share

• Increased pricing power

• Reduced product differentiation

• Lower customer productivity

What is the anticipated role of Predix in the industrial Internet landscape?

• A minor player

• A leading platform

• A temporary solution

• A niche market tool

What major transformation is GE undergoing with GE Capital?

• Acquiring new credit card companies

• Expanding its asset base

• Reducing its assets by $250 billion

• Entering the retail banking sector

What designation is GE seeking to remove from GE Capital?

• ISO

• FDIC

• FICO

• SIFI

What is the significance of GE's restructuring in terms of corporate history?

• It is an unplanned restructuring

• It is the first restructuring

• It is the largest corporate restructuring

• It is the smallest restructuring