TRENDING
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GE INTRODUCES THE
DIGITAL INDUSTRIAL
EVOLUTION INDEX
G
E has presented a new study at its
Minds + Machines conference that
highlights the growing gap between
management expectations and corporate
realities in terms of digital transformation.
The survey of IT and operations executives
shows that companies see the Industrial
Internet of Things (IIoT) as a significant
opportunity for new growth and
competitiveness, but largely do not make
the necessary changes in the business to
capitalise from these opportunities. striking: 80% believe that IIoT will or could
change their companies and industries. An
even greater number believe that digital
industrial transformation is important for
their competitiveness. At the same time,
less than 8% of senior executives say
digital transformation is anchored in their
businesses and 10% have no plans for
digital transformation.
“The industrial Internet already has a huge
impact on industrial companies of all sizes.
We know that because we can generally
see its benefits across our customers and
GE,” commented Bill Ruh, GE Digital’s CEO.
“At the same time, there is a clear gap
between the expectations of the IIoT and
the actions of companies. We are working
to bridge this gap with our customers
to accelerate transformation and assist
companies of all sizes on their digital
journeys.” According to the study, the
optimism about industrial Internet among
the leading companies in the industry is Based on the study, GE has created the GE
Digital Industrial Evolution Index to monitor
the true progress of digital transformation,
from expectations of the IIoT to business
reality. The first ever index rates progress at
63 out of 100 possible points and shows
that, although expectations for the Industrial
Internet are very high (at 78.3 out of 100),
the willingness of companies is significantly
lagging behind (with just 55, 2 out of 100
points). This difference between expectation
and willingness is both a challenge and an
opportunity for companies that want to benefit
from IIoT. Further results of the study are:
28
INTELLIGENTCIO
The GE Digital Industrial
Evolution Index
“
WE ARE WORKING
TO BRIDGE THIS
GAP WITH OUR
CUSTOMERS TO
ACCELERATE
TRANSFORMATION
AND ACCOMPANY
COMPANIES OF
ALL SIZES ON
THEIR DIGITAL
JOURNEYS.
www.intelligentcio.com