What Henry Schein and the new GE tell us about technology and the digital revolution.
Judy Curtis / SIPR's insight:
A report out of McKinsey last year said the Internet of Things could create as much as $11 trillion of value a year by 2025—primarily from its business and industrial applications. In a survey of Fortune 500 CEOs, Fortune magazine asked whether they agreed with the statement that these new technologies “will cause a profound change in my business, on a par with the Industrial Revolution.” Four in 10 said yes.
Stanley Bergman is one of them. Interoperable digital technology, he says, “will propel advances in productivity” and “profoundly change how we live in ways that we probably haven’t even imagined.”
Jeff Immelt, if anything, is even more optimistic: “I’m not hyperbolic by nature,” he says, “but I don’t think [the Industrial Revolution comparison] is an exaggeration. This is big.”
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