Unprecedented breakthroughs in technology have often resulted in the emergence of disruptive technologies and outstanding innovations. A major development in one technology always fuels the growth and advancement of several other technology domains and industries that take advantage of it, resulting in a need to transform businesses to address new opportunities. The evolution and development […]
4 Challenges OEMs Face When Implementing New Technology
Like many others, the manufacturing industry is moving to a subscription-based business model. This new way of doing business is being referred to as servitization and it is forcing manufacturers to no longer strictly sell new products, but instead sell access to and the outcome those products deliver. This is fundamentally changing the way manufacturers […]
Fear of Being Left Behind Driving IIoT Investment
It’s said that the industrial internet of things (IIoT) will help enterprises improve business performance and enjoy growth from new products, enhanced and new customer experiences and even new business models. The challenge, as we covered in “The Industrial Internet of Things Still More Promise Than Reality,” is that business leaders still don’t have a […]