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Create more value with smarter equipment
How can you accelerate product development cycles and generate resilient revenue through new services? Leverage IoT connected products to offer your customers new value-adding digital services and create loyalty through an improved customer experience.
Smart connected products enable you to deliver new innovative solutions: remote monitoring, smart field services and performance management. But it doesn't end there. As your IoT maturity increases, you'll be ready to transform your business model and offer Equipment-as-a-Service to build even greater value for both you and your customers.
A good, physical product is not enough
In the past, most manufacturers built their reputations by making high-quality physical goods. In the face of increasing competition and changing customer expectations, it’s no longer enough to sell a great product. Instead, manufacturers are finding that offering smart, connected products is key to building stronger customer relationships and more resilient revenue.
How to climb the IoT maturity curve
Your journey to making smart connected products isn't all or nothing. Take steps up the IoT maturity curve and create value at each phase. Technical capabilities go hand in hand with your evolving business strategy to offer new value-added connected products and services. As your IoT maturity increases, you'll have everything you need to transition to an Equipment-as-a-Service model.
Connect equipment to boost revenue
Make more money by becoming a smart equipment maker. Firms that connect products using Cumulocity IoT increased incremental revenue by 125% over 3 years from advanced IoT analytics and increased win rate up to 50%. Learn more in this Forrester Consulting study commissioned by Software AG.
See how to connect equipment faster
Finding the right IoT partner is the most efficient way to become a smart equipment maker. You'll need IoT analytics to see how to prevent problems with your products and reduce maintenance costs. You may also need a network of experts to guide you. Learn more about the easy-to-rebrand Cumulocity IoT platform.
Bet your future on IIoT
Level up your operations using smart connected machines, real-time data analytics and monitoring on the Industrial IoT (IIoT). Imagine what you can do with a connected manufacturing solution.
IoT Buyer's Guide
Looking to connect and monitor industrial equipment and create value-added IoT-enabled services that significantly differentiate your products and create new revenue streams? Read this guide to help you find the best IoT platform that enables this and delivers the outcomes you want and need.
Smart equipment makers in action
Recommended resources
Smart products. More value: How product managers succeed with IoT
Product managers are leading the charge to build the future of connected products. Learn how to use IoT to transform your business model toward monetizable services – and generate value at each step of the way.
1. IoT Analytics, Equipment as a Service Market Report 2020-2025; 2. Changing market dynamics – Capturing value in machinery and industrial automation, McKinsey
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