10. GE Digital Pulls Plans To Become Independent Company
As General Electric's new CEO, Larry Culp, works to solve the industrial giant's various problems, the trajectory has changed for GE Digital since announcing last year that it would spin out the company's industrial IoT software arm as a wholly owned independent company. Power magazine reported in November that GE Digital will remain a part of GE and focus on four key markets, electric utilities and power generation among them. That news was based on a letter sent to customers from GE Digital CEO Pat Byrne, who was appointed in July to run the business. Under Byrne's leadership, GE Digital partners said they have noticed a renewed focus.
