5 Recent 'Must Know' IoT Acquisitions And Strategic Partnerships
Submitted by Mark Haranas on
GE Partners With Huawei
Both General Electric and China-based networking behemoth Huawei are investing heavily around IoT solutions and strategic partnerships. The two companies recently unveiled a partnership focused on driving IoT adoption in China’s industrial market.
Huawei will also make GE’s Predix, the company’s industrial cloud-based IoT platform and its preferred platform for IoT projects. Last year, Predix generated $5 billion in sales for GE.
Partner Takeaway: Solution providers looking to get into the Chinese market might want to look at this partnership as a possible route.