Jeffrey Immelt, the CEO that set GE on its transformative digital path, is passing the torch. Also in Searchlight, Amazon scoops up Whole Foods. - From SearchCIO
Immelt not only launched the company's bold digital transformation plan -- stating in 2015 that GE was on track be a "top 10 software company" by 2020 -- but he was also a champion of CIOs and their role in the new economy, encouraging them to become active leaders and claim a seat at the table.
GE CIO Jim Fowler said as much at the recent MIT Sloan CIO Symposium, sharing that Immelt is his biggest ally as well as a hands-on leader when it comes to digital transformation, tracking digital efficiency and revenue targets with GE business unit leaders on a monthly basis.
"Despite its excellent marketing, the company's investment in IoT is still in the nascent stages relative to a longer journey of digital transformation.
The online retail giant said Friday that it plans to acquire Whole Foods Market, an upmarket grocery chain based in Austin, Texas, for 13.7 billion in cash.
That analysis goes into an algorithm that is in the early stages of learning how to detect similar posts," Facebook's Monika Bickert, director of global policy management, and Brian Fishman, counter-terrorism policy manager, wrote in a blog post.