The value of enterprise-scale digitalization
When I started at General Electric I was impressed by the company's vision for digital industrial transformation: Not just a pilot project in a silo business, but a horizontal push across all of GE’s industrial businesses. With 300,000 employees and 450 industrial facilities globally this seemed like an insurmountable challenge.
Our efforts so far have been worthwhile. In fact, we have released over a billion dollars in productivity gains to date, including $730 million last year in 2016 alone. We expect to match that figure this year, and reach $1 billion in 2020. We also started GE Digital, where I run the Europe, Russia, and CIS organization, to help take this incredible capability to our customers.
This is a big deal. Companies like BP, Exelon and DB Cargo see the value of enterprise-scale digitalization. Digitalizing a company as vast as any of the above could be considered a challenge, but digitalizing an entire industrial conglomerate covering energy, transportation, utilities, and beyond could be considered even more ambitious. And I’m not talking about GE.