GE 2013 Annual Report Download - page 9

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enhances diagnostic confi dence. For
our rail customers, one point of system
effi ciency is worth $2 billion of profi t
every year. In this market, GE delivers
a complete solution from dispatch
to network planning to train handling,
called RailConnect 360. We plan
to shift a substantial portion of our
repairs to “condition-based” versus
schedule-based; this will deliver
substantial savings to our customers.
We will lead in advanced manufac-
turing. We spend about $72 billion
each year in our factories. Material
science and analytics are transform-
ing the way that our factories can
operate. Digital tools will make us
faster and more effi cient.
We are investing in high-performance
computing so that we can reduce
design cycle time. We are a leader
in advanced fabrication innovations
like 3D printing, to lower product
cost and drive speed. We have
digitized our supply chain to enable
collaboration. We are at the leading
edge of robotics and automation.
Our factories are smarter, more
distributed and reconfi gurable.
Advanced manufacturing will create
a meaningful impact for our investors.
Our Aviation business has a $125 bil-
lion backlog of new products and
services. We are launching one new
engine each year for the rest of the
decade. In the past, we might have
outsourced 40% of these engines
to global suppliers; in the future, we
plan to manufacture more at GE,
capturing an increased portion of
supply chain value. Manufacturing is
the basis on which we will compete
and win in the future.
We will lead in the “age of gas.”
Energy is becoming the major driver
of regional competitiveness. Shale gas
in the U.S. is creating electricity costs
that are substantially below the rest of
the developed world. But the U.S.
is not alone; gas is being discovered
and developed around the world.
This is creating a “tipping point” for
fuel substitution. Gas is replacing coal
in power generation around the world
based on effi ciency and environmen-
tal impact. Gas is replacing diesel for
distributed power and transportation.
China plans to increase gas power
generation by 10 gigawatts annually
to clean its environment. Because
of this trend, there are billions being
invested in gas exploration, transpor-
tation and monetization to connect
gas supply with demand. GE can
participate in every step of the gas
value chain.
The new drivers of productivity
represent a trio of “only GE” applica-
tions. We are the only company
that is linking iron and data. We are
uniquely positioned to lead in
advanced manufacturing. And, we
can create the “total gas solution”
because we are a technical leader at
every step. We are investing to win.
We Are Simplifying
Everything We Do
To achieve our goals, we must simplify
GE. We compete across eight plat-
forms in 170 countries with multiple
regulators. Having lived through mul-
tiple crisis events in the past decade,
BIG INNOVATIONS IN PRODUCTIVITY
AGE
OF GAS
DATA &
ANALYTICS ADVANCED
MANUFACTURING
GLOBAL
GROWTH
$1B+ REVENUE COUNTRIES
Over the last decade, GE has tripled its
revenues from growth markets. In 2013,
our countries with revenues of $1 billion
or more included expanding markets
like Algeria, Turkey and Indonesia.
* 2003 as adjusted for discontinued operations through 2007
11*
24
2003:
Australia
Canada
China
France
Germany
Italy
Japan
Mexico
Spain
United Kingdom
United States
2013
2003
GE 2013 ANNUAL REPORT 7