If you are an OEM and want to offer services in addition to your products, you will certainly need a software that will manage your connected products and allow digital servitization. For this type of software, you will face with the choice “Make or Buy?”
You work for an OEM manufacturing company that is defining or has already implemented an IoT-enabled “connected product” project. You are evaluating the possibilities to create new revenue streams to achieve a positive ROI. You started ....
Many consider data to be the new oil. Others refute this thesis and animate a debate on the correctness of this metaphor. Try typing “data new oil” in Google and you will see the result. Oil or not, there is no doubt data contains an enormous intrinsic value that can be exploited.
Servitization is a transformation journey that takes place in various areas of a company: organization, human resources, business model, field services, research and product development, and more.
In the first post of this blog we talk about the key question that originated our business venture: why do you need a software for servitization?