GE Digital reportedly to unwind, but its marketing gave the industrial Internet a boost


The internet of things embeds intelligence into business processes to let us measure and manage the enterprise in ways that were never possible before. General Electric is reportedly looking to sell its Predix and software assets as it retreats from a grand plan to be a tech company and leader of the industrial Internet. According to The Wall Street Journal, GE will auction off its technology assets, which include ServiceMax, Meridium as well as Predix. Former CEO Jeff Immelt pushed a strategy to make GE a top 10 software company by 2020. That plan is now dead.

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