GE is making a $1B bet that its vision of the "industrial Internet" will reap big rewards. GE...

|By:, SA News Editor
GE is making a $1B bet that its vision of the "industrial Internet" will reap big rewards. GE installs sensors on its products to gather reams of data that are used to improve those products. E.g., GE believes it can use such information to allow a hospital to treat 10,000 more patients a year, and make $120M in addition revenue and savings. Across the industries it covers, GE reckons the efficiency opportunities could reach $150B.