LGE looks to mean business with tech pivot

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LGE looks to mean business with tech pivot

//automotive-transportation.news-articles.net/co .. /lge-looks-to-mean-business-with-tech-pivot.html

Published in Automotive and Transportation on Thursday, November 28th 2024 at 11:41 GMT by Aaron Neefham
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Refusing to rest on its laurels as a giant in CE, LGE unveils plan to take accumulated wealth of knowledge to the business sector. We look at how and why this pivot is taking place in global businesses increasingly dependent on AI and where this will drive the company,

LG Electronics (LGE) is undergoing a significant transformation, shifting its focus from consumer electronics to becoming a major player in the business-to-business (B2B) technology sector. This pivot includes leveraging its expertise in areas like displays, automotive components, and smart home solutions to cater to enterprise needs. LGE is investing heavily in technologies such as artificial intelligence, 5G, and the Internet of Things (IoT) to develop solutions for smart cities, healthcare, and industrial applications. The company aims to reduce its dependency on consumer markets, which are known for their volatility, by expanding into more stable B2B markets. This strategic move also involves enhancing its software capabilities and forming partnerships to drive innovation in sectors like electric vehicles, digital health, and energy management, thereby positioning LGE as a comprehensive technology solutions provider.

Read the Full Computer Weekly Article at [ https://www.computerweekly.com/feature/LGE-looks-to-mean-business-with-tech-pivot ]