General Electric is stepping up its software efforts as is aims to take advantage of machine-to-machine connections and build what it calls the "industrial Internet."
The effort highlights how companies from multiple industries are trying to build more intelligent systems. GE said today it acquired a railroad software company, for example. Jeff Immelt, CEO of GE, has said that information technology will become one of the company's key growth markets.
Meanwhile, IBM is branching out into industrial areas with its software and services. Wireless carriers see machine-to-machine connections as future growth markets. Simply put, companies are in … Read more