In spite of digital transformation, 2017 did not yield the desired financial results for GE

GE is a great example of a traditional company that has recognized the need to transform into a digital organization, but by all measures 2017 has been a tough year for the industrial giant financially.

The company stock price has tumbled, and last week it announced that it was laying off 12,000 employees in its power business worldwide. While you can’t attribute all of the company’s woes strictly to its digital transformation efforts — it probably would have happened anyway — it still has to be discouraging to other companies undergoing a similar journey.

Yet for all its difficulties in 2017, GE remains a case study of an enormous company moving a worldwide operation with over 300,000 employees into the digital future. Regardless of this year’s…

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