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A comment on GE discovers that industrial IoT doesn't scale.

Re:GE discovers that industrial IoT doesn't scale by benwilber0 on Saturday September 02, 2017 @07:12PM (#15158751)
> Since launching its industrial IoT effort five years ago, GE has spent billions selling the internet of things to investors, analysts and customers.

> spent billions

Does that seem realistic to anyone? I'm sure they've spent a lot of money, but billions? Even if it's a single "billion" that's basically 1/25th of GE's total worth.

edit: Stacey sourced from http://www.ge.com/ar2016/ceo-letter/beyond/

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Re:GE discovers that industrial IoT doesn't scale by comicjk on Saturday September 02, 2017 @07:59PM (#15158922)
According to this site [1], GE spent $393 million on advertising in 2014. So I would say billions on any one product line over 5 years is improbable. Maybe half a billion is believable.

[1] http://adage.com/article/advertising/big-spenders-facts-stat...

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