Drive Smart Outcomes with Smart Services
New Business Model
Entirely new business models are emerging where the customer pays for these actionable insights—the outcomes—rather than for a product or service. One company that is embracing this trend is General Electric. GE Digital is working on technology solutions that analyze streams of data collected from sensors attached to industrial equipment. Customers take advantage of algorithms that understand and explain the performance of their assets and operations, and then take automated actions that optimize that performance and improve productivity.