GE 2012 Annual Report Download - page 11

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We are making a major investment in
software and analytics. We know that
industrial companies need to be in the
software business. We want to make
the analytics around our products,
real-time data, and operating solutions
a GE core competency. We have built a
Software and Analytical Center of
Excellence in California, where we are
adding a vast array of human talent to
achieve our goals. We know that our
services in the coming year depend
on building smarter machines with
the ability to extract and analyze data.
We will be a leader in analytics. And
that will make GE more valuable to our
customers. This is the power of the
Industrial Internet.
The reason why analytics are impor-
tant in the infrastructure industry
relates to what we call “The Power
of 1%.” Across our customer base,
improving asset performance by 1%
can add $20 billion of customer profit
annually. In our world, small changes
mean big outcomes.
For investors, we have defined where
we play, how we win, our capital allo-
cation priorities and investments for
the future. These “five choices” will set
up our performance and drive our suc-
cess over the long term.
WE ARE EXECUTING ON
OUR COMMITMENTS
Last year, we set focused execution
goals for GE: double-digit industrial
earnings growth; margin expansion;
restarting the GE Capital dividend to
the parent; reducing the size of GE
Capital; and balanced capital alloca-
tion. We achieved all of our goals for
the year.
Our businesses are performing.
In 2012, our industrial segment earn-
ings grew by 10% to $15.5 billion. Our
GE 2012 ANNUAL REPORT 9