General Electric to make $500 million productivity savings from industrial internet
SHANGHAI (Reuters) - General Electric Co (GE.N) will make $500 million of productivity savings in 2016 from using industrial internet applications, a company executive said on Wednesday.
GE Chief Digital Officer Bill Ruh made the comments at a press conference in Shanghai, where the company also announced a partnership with China's Huawei Technologies [HWT.UL].
(Reporting by Brenda Goh; Editing by Stephen Coates)
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