GE to make $500 mln productivity savings from industrial internet

General Electric Co 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 to develop its industrial internet strategy. GE, the world's biggest maker of jet engines and diesel locomotives, wants to connect machines using the internet, producing data