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6 Questions Partners Have About GE Digital's Spin-Off

The spin-off of GE Digital into a standalone industrial IoT company raises new questions, including whether it will remain with GE long-term, what the company's new name will be and who will become the company's next CEO.

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Will GE Digital Remain A Part Of GE Long-Term?

The news that GE Digital would remain under GE's ownership as it spins off into a standalone company will create stability for customers and partners, Lynch, a former GE Digital employee, said.

However, Lynch added, the restructuring will make it easier for GE to sell the digital business if the company doesn't meet expectations over the next few years — after all, The Wall Street Journal reported in June that GE was looking to sell key parts of the digital business. He pointed to Current as an example of GE creating a wholly-owned standalone company and then selling it off a few years later.

"It gives them options, and it addresses the customer's concerns about future investments they make in the software," Lynch said.

Al Velosa, an IoT analyst at Gartner, said partners should feel comfortable about continuing to work with GE Digital, but they should have a backup plan just in case.

"I think at the moment [GE Digital] continues to be a partner they want to work with — but with a clear risk mitigation strategy in place," he said.

A GE spokesperson declined to comment.

 
 
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