is a 19th- and 20th-century industrial company with no real experience in modern software,” said Thomas M. Siebel, chief executive of C3, a Silicon Valley start-up that competes with GE Digital. Unlike G.E., C3 followed the typical high-tech model for a software company, beginning with small team and steadily improving its product. In the last year, GE Digital has cut its spending and more tightly focused its business on software for specific industries. The step is also a measured vote of confidence in the software business. Once GE Digital is spun off early next year, the business will have its own brand, board of directors and equity structure.

Source: New York Times December 13, 2018 23:05 UTC