General Electric to make $500 million productivity savings from industrial internet

SHANGHAI (Reuters) – General Electric Co will make $500 million of productivity savings in 2016 from using industrial internet applications, a company executive said on Wednesday. GE Chief Digital Officer Bill Ruh made the comments at a press conference in Shanghai, where the company also announced a partnership with China’s Huawei Technologies [HWT.UL]. (Reporting by Brenda Goh; Editing by Stephen Coates)

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