The Wall Street Journal’s CIO blog (paid subscription) notes that today, the new CIO of General Electric begins work. Jim Fowler, the previous CIO of GE Capital, indicates that his first priority will be focused on helping GE build the Industrial Internet and demonstrate how this global diversified manufacturer has implemented Industrial Internet and Internet of Things (IoT) within its own factories.

GE anticipates that half a million applications will eventually be written for its Predix Industrial Internet platform.  Further noted is that Predix based applications will generate more than $5 billion in revenues this year, and GE anticipates that the platform will be a $15 billion business by 2020.