business
I wake up every morning knowing that my schedule will be jam-packed until the moment I send my last email that night. Customers and investors want to understand where the company is headed, and the GE team is looking for clarity. I have a lot of decisions to make in my new role as CEO, but one decision is easy: GE is all in on digital. We have fully embraced the digital industrial transformation, and we believe in its potential to change the world.
For our customers, digital is bringing new levels of innovation and productivity— and they are seeing real, tangible outcomes.
This is happening in each of our businesses. Now, we are taking these outcomes and transferring what we have learned directly to our customers.
GE is helping lead this transformation because we have the scale, the installed base, and the industrial expertise. We know what works for our customers, therefore we are now able to prioritize what we work on and the investment needed to achieve the best results for customers, and the best return for shareholders. Our strategic focus is on our verticals. We will leverage what we do best in energy, oil and gas, aviation, healthcare, rail, and mining, and draw on our core assets and equipment to deliver the best value and execution. We will broaden and strengthen our partner relationships to create a strong Predix ecosystem.
Most importantly, customers are seeing results. Take, for example, the energy industry. Today, our Predix portfolio supports 4 percent of the world’s power generation. Exelon deployed GE’s entire suite of Predix software applications across their Generation fleet – which delivers 32,700 megawatts of nuclear, wind, solar, hydroelectric, and natural gas power. This has increased Exelon’s performance and reliability, leading to a 1-2 percent boost in annual energy production.