Day Two of Minds + Machines 2017 Focuses on Accelerating the Digital Industrial Transformation

October 27, 2017

 

Minds + Machines brings together a comprehensive ecosystem of customers, partners, developers, GE leadership, and industrial thought leaders who are solving real-world problems and delivering new business outcomes by embracing digital industrial transformation.

 

This year’s conference attracted more than 3,700 attendees from 59 different countries over a two-day period featuring 200+ sessions.

 

Day one of Minds + Machines 2017 focused on the digital industrial future, with keynotes from GE CEO John Flannery, GE Digital CEO Bill Ruh, and Microsoft CEO Satya Nadella, as well as insightful forums, breakout sessions, hands-on demos, and network opportunities.

 

Day two continued in that same vein, with additional sessions highlighting technological advances and cultural transformation within the industrial space.

 

Let’s take a look at some of the key takeaways:

 

Path Toward a Connected Environment

 

As the industrial sector looks to embrace change, technological advances and industrial applications remain critical to accelerating digital transformation.  But true transformation involves more than technology itself – it’s about creating a truly connected industrial environment.

 

 

As Garrett Miller, General Manager, Commercial & Industrial Software Solutions for Current by GE, stated in a breakout session, IoT solutions are just the beginning.  Smart building benefits begin with improving energy efficiency but also include reductions in energy consumption, improved space utilization, and enhanced employee productivity.

 

 

Deron Miller, Chief Revenue Officer for Current by GE, also spoke about how intelligent buildings drive energy efficiency and improved productivity.  The session gave an overview of the Hendersonville Plant in North Carolina, where digital solutions from Current by GE are optimizing energy and productivity, making the facility one of GE’s Brilliant Manufacturing sites.

 

In a press release from day two of the show, Current by GE announced shipping one million Albeo high bay LED fixtures, up from 20,000 since GE acquired the product line five years ago.  This explosive growth rate shows Fortune 500 customers are looking toward sensor-based intelligent environments.

 

Closing the Digital Gap

 

Along with industrial digital transformation comes the need for a shift in the way people do their jobs.  The  GE Digital Industrial Evolution Index, in fact, shows 54% of industrial decision makers say an org change is needed to enable digital transformation.  Top skills the workforce needs include how to use digital interfaces, an understanding AI and machine learning, and the ability to read technical data.

 

 

On day two of Minds + Machines, Bill Ruh, Chief Digital Officer, GE and CEO, GE Digital, spoke about the Industrial Evolution Index and how it sheds light on where industrial companies are in their digital transformation. 

 

According to Ruh, 85% of respondents said they needed a strategy in place to enable digital transformation, whereas only 13% said they had that strategy in place.  Ruh stated that reflects the nature of the industrial market – many companies are still in the early stages of digital transformation – but that industrial executives understand they need to close the digital gap.

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Read the day one recap of Minds + Machines 2017!

 

 

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