The post The POWER Interview: New Directions for GE Digital appeared first on POWER Magazine.

In a recent conversation with POWER, GE Digital CEO Pat Byrne discussed why GE made key changes to the lucrative business, streamlining it to focus on four key markets, including electric utilities and power generation. 

(To learn more about how digitalization is transforming the power industry, register now to attend POWER and Chemical Engineering’s upcoming Connected Plant Conference, which will be held Feb. 25–27, in Atlanta, Georgia.)

GE has been at the forefront of the innovation in the energy sector since Thomas Edison formulated the essential requirements for an electrical distribution system and formed the Electric Light Co. in 1878. Leveraging foundational technology changes that have characterized modern history, and driven by material value creation and a sustained competitive advantage, the company has shaped some of the basic machines and components that power plants house today. 

That’s why it is no surprise that by the start of 2010s, the company was already contemplating how the age of industrial internet of things (IIOT) would reshape key markets.…

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