
Are You Ready for the Future of Manufacturing?
The manufacturing industry is in the midst of a major shift from selling equipment as a capital expenditure to an ongoing expense model with value-added services built in. Known as Product as a Service (PaaS), or Servitization, this model enables manufacturers to grow aftermarket value streams and capture revenue throughout the equipment lifecycle. Customers benefit, too — Product as a Service empowers them to buy only what they actually use and gives manufacturers access to usage data, which can be leveraged to optimize product performance and enhance the customer experience.