Advertisements
Hr LibraryInnovation

GE Finds Big Companies Seek “Safe Innovation

Source |Fortune .com  |  BY: STACEY HIGGINBOTHAM 

For large companies trying to keep up with the pace of innovation, the biggest challenge isn’t the competition. It’s adapting their sclerotic businesses to rapid change.

That’s the message from General Electric’s Global Innovation Barometer released on Tuesday. The annual survey asks business executives and members of what GE dubs “the informed public” about the biggest challenges facing companies amid a huge influx of digital information from the Internet and connected devices.

GE calls this new reality the Fourth Industrial Revolution. Others call it the Internet of things. Fortune has dubbed it the 21st Century Corporation.

It doesn’t matter what you call it, the fact of the matter is that rapid access to information changes how businesses make products and provide services. It also impacts how customers use what they buy. This used to be true only for traditional tech companies, but now it is true for all companies as technology becomes a bigger part more and more businesses.

For large companies trying to keep up with the pace of innovation, the biggest challenge isn’t the competition. It’s adapting their sclerotic businesses to rapid change.

That’s the message from General Electric’s Global Innovation Barometer released on Tuesday. The annual survey asks business executives and members of what GE dubs “the informed public” about the biggest challenges facing companies amid a huge influx of digital information from the Internet and connected devices.

GE calls this new reality the Fourth Industrial Revolution. Others call it the Internet of things. Fortune has dubbed it the 21st Century Corporation.

It doesn’t matter what you call it, the fact of the matter is that rapid access to information changes how businesses make products and provide services. It also impacts how customers use what they buy. This used to be true only for traditional tech companies, but now it is true for all companies as technology becomes a bigger part more and more businesses.

Readon…..

Advertisements
Tags
Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
Close
Close
%d bloggers like this: