GE’s companywide earnings fell short of expectations last week, but its digital grid business keeps on growing.
Descended from Thomas Edison’s electrical appliance enterprise, GE still has its fingers in a nearly unfathomable number of pies. It still leads in conventional power applications, like wind turbines and gas generators, but it’s also been building out Predix, an industrial internet-of-things business that pairs on-the-ground sensors with local and cloud computing.