GE takes digital strategy to China with Huawei tie-up

By Brenda Goh SHANGHAI (Reuters) – General Electric Co on Wednesday said it would partner with Huawei Technologies Co Ltd [HWT.UL] to develop smart machines designed to boost productivity, part of a drive to promote its "industrial internet" business in China. The U.S. industrial giant announced the partnership as it launched an $11 million digital space in Shanghai, where it plans to incubate start-ups and have developers work on new software applications to make machines more intelligent. Chief Digital Officer Bill Ruh said the world's biggest maker of jet engines and diesel locomotives had already made $500 million in productivity savings for itself this year by using smarter machines, and he expected this to grow to $1 billion in total by 2020.

Original story here.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply