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GE boots Digital into standalone biz, as death spirals continue

General Electric’s downfall has been spectacular, and while it likely won’t go as far as actually dying, its death throes have seen it sell off heaps of assets. The latest maneuver sees it cast off GE Digital, its software company that houses the Predix platform, as a standalone firm, as well as throw in the towel on ServiceMax, by selling it off to private equity. In terms of lessons learned, it seems clear that throwing money at the problem doesn’t work. GE saw that it was quickly moving into a world where it would be more of a data and analytics company, providing services rather than just industrial equipment. There is definitely an appetite among customers to effectively pay a…

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