On November 27, the European Council finally approved the EU Data Act. Its purpose is to unlock the huge economic potential of connected products' data. As providers of a DPS (Digital Product-Service) software that enables the delivery and monetization of connected services, we welcome this new law with enthusiasm.
Digital twins, when well designed, are among the most useful of models. Read this interview by Ibbaka to discover the benefits and opportunities manufacturers can realize by leveraging the Digital Twin to evolve their business models.
You didn't know it, but probably you are already developing a DPS system. But how can you be sure that your DPS is really effective? In this article, we will share what we believe an effective DPS should look like so that you can benchmark your DPS and discover if you have the opportunity to strengthen your data valorization strategy.
We define “Connected Service” a service delivered by an Equipment Manufacturer, or a Service Provider, that is based on, or enhanced by, the fact that the product (machine, appliance, system) related to the service is connected to the Internet (“Connected Product”).