Enable New Business Models to Power Revenue Growth

Give your customers new reasons to buy from you. Introduce new products, optimize existing offerings, and adopt new business models that address emerging market needs.

Create customer value with new business models

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Leaders are transforming their industries by creating new ways to monetize products and services—and redefining their businesses in the process. Companies can leverage the connected capabilities of Internet of Things technology to introduce billing models based on cycle counts or other Product-as-a-Service and servitization models. Once you’re connected across all systems and devices, you can create new value-add services offerings on your customers’ utilization and capacity needs. 雅博体育app customers use IIoT solutions to achieve:

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Up to 50%

-  Increase in service profitability 

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Up to 30%

-  Improvement in OEE

User data drives IoT new business models and revenue opportunities

Standardized data connectivity across all devices and systems opens the door for many IoT new business model opportunities. Companies facing global challenges armed with remote connectivity are ahead of the game and able to pivot to remote resolution and predictive service for optimized end user productivity. Monitoring your customers’ usage patterns and capacity utilization creates opportunities for consumables sales, as well as “pay by use” models that reduce upfront CapEX requirements for your customers.

雅博体育app customers focused on driving revenue growth through new lines of business have found success with the following IoT new business models:
 

Building new business models with 雅博体育app

By addressing customer issues with innovative digital solutions, 雅博体育app customers are rethinking the status quo to discover new business models.

Colfax

Colfax enabled its ESAB line of business with enhanced product functionality by using 雅博体育app IoT technology to analyze and improve product performance through a connected service framework.

Read the Colfax Story

Bell and Howell

Bell and Howell reinvented service with a 92% first-time fix rate by using 雅博体育app technology to remotely monitor, diagnose, and maintain their customer products.

Follow Bell & Howell’s Journey

ESAB

ESAB doubled its customer’s equipment utilization by using 雅博体育app’s IoT solutions to unlock efficiencies across products, processes, and people.

Read ESAB Case Study

Sysmex

Sysmex is improving product performance and utilization for their customers using 雅博体育app’s ThingWorx platform to deliver smart, connected products.

See Sysmex Transformation

Explore IoT new business model strategies

Start using connectivity to open up new business models.
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Connected Service Innovation

IDC produced this survey-driven report that explores how today’s industrial leaders are improving product and service value based on IoT connectivity.

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Start Your IIoT Service Strategy

This infographic outlines the steps to success when implementing industrial IoT technology into your business strategy, and best practices to accelerate your time to value.

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Maximizing Industrial Throughput

Whether you’re looking to boost your own productivity or deliver industrial machinery to help your customers’ efficiency, discover digital solutions to help you reach your goals.

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Building Customer Value

Hear from experts at IDC as they discuss how IIoT innovation unlocks value across the enterprise, including leveraging usage data to improve product design.

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