Big Data: A Vehicle for Value Creation

March 19th, 2018 | Posted by Alexa Magdalenski in Capital Data Summit

The second annual Capital Data Summit took place on Feb. 28, 2018 at The Ritz-Carlton, Tysons Corner. NVTC continues to share original content and video from the event.

Ruh v1Bill Ruh, CEO of GE Digital, and Senior Vice President and Chief Digital Officer at GE, opened the 2018 Capital Data Summit morning session with keynote remarks, discussing GE’s digital journey. Ruh highlighted how digitization is transforming business models across every industry, from automotive to industrial to telecommunications. He emphasized how digitization is driving new insights that enable companies to offer a more compelling user experience and deliver more value to customers.

Here are some other key themes that emerged from Ruh’s keynote:

  • The digital shift and embracing big data cannot move forward without a cultural shift in organizations. This requires strong investment in employees and that may mean upskilling current employees
  • Data rights will become exponentially important as the amount of big data and the demand for real-time insights expands; who owns the data?
  • Data analytics is a vehicle for value creation

Video full video from Ruh’s remarks below:

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