Read the attached Case Study, GE’s Big Bet
on Data and Analytics.
Prepare a 2-3 page paper (APA format) answer the following:
1. What can other organizations learn from observing GE’s big bet (on “Industrial Analytics” using the Industrial Internet of Things (IIoT))?
2. Research two other companies (other than GE) that have developed operating OR marketing solutions utilizing industrial analytics. What insights did the company gain as a result?
One of the 2 companies should be: Lockheed Martin, Raytheon Technologies, Northrop Grumman, BAE Systems, or L3Harris Technologies if possible.
Struggling with where to start this assignment? Follow this guide to tackle your assignment easily!
Step-by-Step Guide to Writing Your Paper on GE’s Big Bet on Data and Analytics
This assignment asks you to analyze GE’s use of industrial analytics through the Industrial Internet of Things (IIoT) and compare it with two other companies using similar technologies. Here’s how to break down and approach the paper with clarity and precision:
1. Understand the Case Study
Before you start writing, thoroughly read the case study on GE’s Big Bet on Data and Analytics. The main focus is on GE’s use of IIoT to drive industrial analytics. Pay close attention to the following:
- GE’s decision to invest in IIoT.
- The challenges GE faced and how they overcame them.
- The outcomes GE achieved by implementing these strategies.
- What lessons other companies can draw from GE’s experiences.
2. Research Additional Companies (Lockheed Martin, Raytheon, Northrop Grumman, BAE Systems, or L3Harris)
To meet the requirements, you need to research two companies, one of which must be from the provided list (Lockheed Martin, Raytheon Technologies, Northrop Grumman, BAE Systems, or L3Harris Technologies).
For each company, follow these steps:
- Identify their use of industrial analytics: Investigate how these companies are using IIoT or industrial analytics in their operations.
- Analyze the impact: What were the benefits or challenges they faced by utilizing industrial analytics?
- Draw insights: How did the use of industrial analytics shape their operations or marketing strategies?
You’ll use this research to compare and contrast with GE’s experience.
3. Paper Structure
Ensure your paper follows these core sections to maintain a logical flow:
Introduction (Approx. 1 paragraph)
- Briefly introduce GE’s big bet on IIoT and industrial analytics.
- State the purpose of the paper: To explore what other companies can learn from GE and to analyze how other companies use industrial analytics.
GE’s Big Bet on Data and Analytics (Approx. 1-1.5 pages)
- Provide a detailed description of GE’s use of IIoT for industrial analytics.
- Discuss the lessons other organizations can learn from GE’s approach. Focus on key takeaways that can be applied in different industries or contexts.
Company Comparisons: Lockheed Martin, Raytheon, or Others (Approx. 1 page)
- For each of the two companies you research:
- Briefly describe how they utilize industrial analytics.
- Explain the impact or insights they gained through these solutions.
- Compare their use of analytics to GE’s approach: Do they have similar strategies? What’s different about their use?
Conclusion (Approx. 1 paragraph)
- Summarize the key lessons from GE’s big bet.
- Highlight the key takeaways from the other companies you researched.
- Provide a closing thought on the future of industrial analytics and its role in business strategies.
4. Formatting Requirements
- Length: Aim for 2-3 pages in length, double-spaced, with 12-point Times New Roman font and 1-inch margins.
- APA Format: Your paper must be in APA format, which includes:
- Title page (if required).
- In-text citations to support your research.
- A reference list at the end with sources properly cited.
5. Review and Proofread
- After writing the paper, take time to proofread. Ensure that the paper flows logically and all points are clearly made.
- Double-check that the in-text citations and references are in APA format.
- Make sure your paper answers both main questions thoroughly and that it adheres to the 2-3 page requirement.
Final Tips
- Don’t rush your research! Make sure you understand GE’s strategy and the role of IIoT before diving into the company comparisons.
- Keep your writing concise and to the point. Avoid adding unnecessary details that don’t support the main arguments.
- Check the APA style guide for specifics on how to format citations and references correctly.