This week’s guest comes from GE’s Current lighting business. Garret Miller, the chief digital officer at Current by GE explains why the division is for sale, why GE has to offer lighting as a service, and how reality forced a shift in thinking for Current. When Current launched, it had grand plans to deliver electricity as a service but realized that it was several steps ahead of the market, so it now offers lighting as a platform. It’s a good interview about how to reassess the market when needed.
After a beating on the stock market last week, I spoke with Ericsson’s CEO Hans Vestberg to understand how the company’s 5-year-old plan to change its business is going. The company has just announced a restructuring as it tried to convince Wall Street that it was making progress, so Vestberg discussed that, the role of the internet of things in its new business, and how he defines 5G. Ericsson saw the shifts in its business from the internet of things almost a decade ago, and is working hard to adapt the 140-year-old business.