loss. With GE’s focus on software that can expect to $1 billion opportunity for its IoT software. 3. 12-15 Describe three kinds of decisions that can be supported using Predix. What is the value to the firm of each of those decisions? Explain. 1. Predix can analyze data across many machines by storing the data in the cloud. With Predix GE can identify what makes one machine more efficient or downtime-prone than another, which allows GE to manage its operations. Predix can provide solutions for GE customers. These analytics helps customer identify ways of lowering production costs, increase plant capability, and improve system reliability. Additionally, using Predix their fleet analytics helped increase the engines on their jet aircraft and reduce the maintenance. 4. 12-16 To what extent is GE becoming a software company? Explain your answer. 1. GE is becoming a software company by now putting its money on the technology that controls and monitors industrial machines as well as software-powered, cloud-based service for analyzing and deriving value from the data. 5. 12-17 Do you think GE will become one of the top 10 U.S. software companies? Why or why not? 1. I do believe GE will become one of the top 10 U.S. software companies. They already have an established and well-respected brand. Along with respect behind their brands they have money and means to make this new change and excel. With great minds brainstorming and the money behind these new inventions I believe GE will become one of the top software companies. In my opinion, these other companies should watch out for GE.
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