17 Dec GE hits a reset on Predix

The restructuring of GE, which started in late July 2018, continues. In a recent announcement, GE CEO Lawrence Culp announced a new Industrial IoT company, which will create a $1.2 billion business focused on Industrial IoT. The new company will have its own brand, identity, and equity structure but still owned by GE. The independent structure of the company is definitely a good move, as this will allow it to focus on the core markets in the Industrial IoT market.