General Electric – Digital Transformation Strategies
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General Electric Digital Transformation Strategies Overview
General Electric has been focusing on using big data, artificial intelligence, cloud, augmented reality, robotics, blockchain, IoT, health tech, connectivity, 3D printing, electric vehicles, and e-commerce to digitally transform its operations. The annual ICT spending of GE was estimated at $8.8 billion for 2024. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. GE) was an American conglomerate with three business segments: Aerospace, Renewable Energy, and Power. The company split into three standalone public companies: GE Aerospace, GE Vernova, and GE HealthCare in early 2024. GE Aerospace designs and manufactures defense and commercial aircraft engines, integrated engine components, and mechanical aircraft systems. GE Vernova offers gas turbines, power plant solutions, hydropower solutions, nuclear solutions, wind turbines, electrification software, grid solutions, and solar and storage solutions. GE HealthCare offers imaging and ultrasound systems, patient care solutions, pharmaceutical imaging agents, digital healthcare solutions, refurbished systems, parts and accessories, clinical network solutions, cybersecurity solutions, and healthcare financial services.
The ‘General Electric digital transformation strategies’ report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology partnerships, technology introductions, investments, acquisitions and ICT spending among others.
GE Digital Transformation Strategies Overview
| Total ICT Spending 2024 | $8.8 billion |
| ICT Spend by Function | Data center, Communications, Network, Application, End-User computing, Management, and Service desk |
| ICT Spend by Channel | Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators |
| External ICT Spend by Segment | Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others |
| Technology Theme Focus | Big data, artificial intelligence, cloud, augmented reality, robotics, blockchain, IoT, healthtech, connectivity, 3D printing, electric vehicles, and e-commerce. |
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Digital Transformation Strategies
In February 2024, GE Aerospace announced plans to upgrade its aircraft engine repair facility in Singapore into a smart factory for engine repair.
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GE Technology Theme Focus
GE is leveraging several emerging technologies, including artificial intelligence, augmented reality, Internet of Things (IoT), robotics, and cloud among others, to improve operational efficiency, manufacture high-quality products, develop innovative products and services, and drive sales.
GE Technology Focus
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GE Technology Initiatives
GE has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the last few years. For instance, in 2024, GE Vernova launched Proficy for Sustainability Insights, a new AI-based software.
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GE ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
GE ICT Spend by Function, 2024 (%)
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GE ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
GE ICT Spend by Channel, 2024 (%)
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GE External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud IaaS)
- ICT services
- Consulting
- Network and communications
- Others
GE External ICT Spend by Segment, 2024 (%)
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Scope
This report provides:
- Insight into GE’s technology activities.
- Overview of technology initiatives covering partnerships, technology introductions, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into GE’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships, technology introductions, investments, and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of GE in 2024?
The annual ICT spending of GE was estimated at $8.8 billion in 2024.
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Which function accounted for the highest ICT spending for GE in 2024?
Network accounted for the highest ICT spending by function for GE in 2024.
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Which channel accounted for the highest ICT spending for GE in 2024?
Internal development and maintenance accounted for the highest ICT spending by channel for GE in 2024.
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Which segment accounted for the highest external ICT spending for GE in 2024?
Software accounted for the highest external ICT spending by segment for GE in 2024.
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What are the key technology themes in focus for GE?
The key technological theme in focus for GE are big data, artificial intelligence, cloud, augmented reality, robotics, blockchain, IoT, healthtech, connectivity, 3D printing, electric vehicles, and e-commerce.
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