GE has announced its plans to launch a new, independent company focused on building a comprehensive Industrial Internet of Things (IIoT) software portfolio. With an initial $1.2bn in annual software revenue and an existing global industrial customer base, the company is intended to be a GE wholly-owned, independently run business with a new brand and identity, its own equity structure, and its own Board of Directors.
The proposed new organisation aims to bring together GE Digital’s industry-leading IIoT solutions such as its Predix platform, Asset Performance Management, Automation (HMI/SCADA), Manufacturing Execution Systems, Operations Performance Management, and the GE Power Digital and Grid Software Solutions businesses.
