GE Technology Infrastructure was a business group of General Electric composed of three GE companies: GE Aviation, GE Healthcare, and GE Transportation.[1] John G. Rice is president and CEO. A company-wide reorganization prompted by staggering financial losses led to the unit's formation in 2008 from companies within GE Infrastructure.[2] In 2008, GE as a company announced that it will reduce its divisions from six to four. The main divisions will now be GE Technology Infrastructure, GE Energy Infrastructure, GE Capital and NBC Universal.[3] The new structure emphasizes priorities that attempts to shield G.E. from economic swings by divesting it of consumer units and exploiting its role as one of the world's biggest buyers of IT services.
In addition, as a result of condensing down the divisions, the company aims to implement and call the cloud its new home. GE, the 123-year-old staple of the global industrial sector, is going all in on the cloud. The company plans to migrate 9,000 applications to public IaaS over the next three years.[4]