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Sue Siegel, GE


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Sue Siegel's presentation at Catalant's Reimagining Work Summit Fall 2018.

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Sue Siegel, GE

  1. 1. The Future of Work: Perspectives from The Industrial Company of the Future Sue Siegel, GE Chief Innovation Officer & CEO, GE Ventures Oct 10, 2018
  2. 2. Service/ Experience Autonomous Enterprise Connected/Smart Centralized CapEx Static/Dumb Product/ Feature Manual ConsumerDistributed OpEx … all while the pace of change will never be as slow as it is today! Times are changing … a digital revolution Business models are being reimagined, with customer experience at the core …
  3. 3. 6 In search of productivity U.S. Productivity Growth 0 0.5 1 1.5 2 2.5 3 % 0 1 2 3 4 5 6 7 8 Korea Poland Finland UK France Japan Israel Germ any Canada % OECD Productivity Growth 1996-2005 2011-2016 Source: U.S. Bureau of Labor Statistics Source: The Organisation for Economic Co-operation and Development
  4. 4. 7 Non employee freelancers AI / ML / AR / VR Temporary assignments Sharing economy platforms The Gig Economy The Machine Economy Blockchain / Cybersecurity Transforming business, government and society Automation / Robotics Source: E&Y The future of work
  5. 5. The investing landscape New Industrial driving the FOW Notable investing in FOW: AI/MLAR/VR Technology trends driving investment (Includes Drones, Robotics, 3D Printing, Advanced Mfg., Autonomous Cars and Cleantech) Source: CB Insights Blockchain / Cybersecurity 3D Printing Robotics $1B to GM $450M to Delphi $15B to Intel $20B+ valuation Acquired by IKEA
  6. 6. GE: Positioned for growth Unlocking value across three stand alone companies + GE Aviation Power +++ • Leading franchisees solving tough problems with advanced technology • Valuable installed base with track record of increasing asset productivity and improving margins Renewable Energy Healthcare Enabled by Digital, Additive, Capital
  7. 7. 1. Driving productivity
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  9. 9. 2. Enabling workers
  10. 10. 13
  11. 11. 3. Transforming manufacturing and design
  12. 12. 15
  13. 13. 16 Workforce readiness BrilliantYOU Making learning continual, mobile, and immediately applicable Learning lead by multidisciplinary team at GE’s Leadership Development Institute Brilliant Learning Training for 150,000 global supply chain employees Designed for all levels of manufacturing Custom-designed and adapted to individual site needs
  14. 14. 17 Balance of Trade PolicyTechnology Corporate Social Responsibility Population Physical Footprint Looking ahead The Future of Work
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