Ben Kepes: GE And Frost Collaborate On Internet Of Things/Industrial Internet Incubator

Source: „GE is perhaps the best example of a traditional business that is rapidly becoming a software house. While GE may be best known for manufacturing big heavy plant items (wind turbines, jet engines and the like) it is, in fact, morphing to become a company that sees itself delivering customer solutions that are, in part, driven by software. This isn’t just marketing speak, GE has been investing huge amounts in building out its own software R&D center and also investing in software startups (witness its $100M investment in VMware spin off, Pivotal One. While Pivotal isn’t exactly a startup, it’s an example of what GE is up to). Software, as Venture Capitalist Marc Andreesen notable said, is eating the world.”

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