As an innovation leader in manufacturing, you're in the hot seat to shorten development cycles, deliver a Connected Customer Experience, and shift to X-as-a-service to diversify revenue. The Internet of Things (IoT) is your platform to deliver smart, connected products and achieve measurable business improvements.
The numbers tell the story:
Size of overall equipment-as-a-service market expected by 2025, a 35% increase from 20191
Of McKinsey Machinery & Industrial Automation survey respondents expect to change their business models to be successful in the future2
Of the TSIA 40 Industrial Equipment Index face shrinking net operating income margins3
“The concept of make, sell, ship is history right now.”
- Vele Galovski, VP, Research, Field Services & IoT, TSIA
Meet 5 smart connected product heroes
Meet the manufacturers leading the way in using IoT to create a Connected Customer Experience, increase operational efficiency and generate new revenue. They have instant insights into how equipment is performing at customer sites. They're lowering business costs, while increasing their value to customers. Are you ready to do the same?
Make more money by connecting your products. 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.
Our customers with smart, connected products, on average, increase services revenue 30.5 percent, decrease maintenance costs 50 percent, and experience a 23 percent increase in uptime. Are these measurable results you'd like to achieve? Details in this webinar.
To quickly capitalize on smart, connected products, you need an IoT partner who can bring it all together for you. 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.
1 - IoT Analytics, Equipment as a Service Market Report 2020-2025; 2 - Changing market dynamics – Capturing value in machinery and industrial automation, McKinsey; 3 - The State of Services for Industrial Equipment Manufacturers 2020, TSIA
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