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GE Takes The Plunge into The Software Market

U.S. industrial behemoth General Electric (GE) is launching into the software market with two new acquisitions and aims to become a top 10 software company by 2020.
The company has acquired Wise.io, a machine learning specialist, and Bit Stew for data ingestion, adding to its bevvy of acquisitions worth a combined $2 billion. This is all part of GE’s goal to strengthen the company’s flagship digital platform, Predix.
“The winner figures out how to take an asset and make it more efficient. I don’t think this will be a world led by startups, but by industrial companies, small, medium and large. It is not about being cool; it is about productivity in your business and differentiating your products in a way your competitors can’t,” said GE’s chief digital officer, Bill Ruh.

Matt Kendall

During his 2+ years as Chief Editor at Nearshore Americas, Matt Kendall operated at the heart of both the Nearshore BPO and IT services industries, reporting on the most impactful stories and trends in the sector.

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