Equipment as a Service creates new revenue streams for manufacturing
How do you continuously identify ways to drive down costs, increase profit margins and satisfy customers in an increasingly competitive environment?
More and more OEMs are adopting Equipment as a Service (EaaS) solutions. According to IoT Analytics, the EaaS market is expected to have a compound annual growth rate of 35% from 2019 to 2025. EaaS enables new business models that can help OEMs move from one-time revenue to recurring revenue while helping their customers innovate their business.
Register for this live webinar “Equipment as a service: Generate predictable revenues streams with satisfied customers” and learn:
- Why OEMs and customers are interested in EaaS solutions
- The types of benefits OEMs and end customers gain from EaaS
- The journey to implement EaaS
- How Siemens’ solutions enable OEMs to transition to EaaS
Mindsphere IoT connected machines
A surge in IoT-connected machines within just the past few years is opening up opportunities for OEMs to collect machine data and identify actionable strategies that drive manufacturing efficiencies. Multiple machines can be connected to MindSphere, the industrial IoT as a service solution from Siemens, to gain transparency of your machine usage.
Siemens Equipment as a Service solution
Achieving a successful EaaS model requires a multi-disciplinary approach, which is why is it so important to have a comprehensive solution. Siemens Equipment as a Service solution allows OEMs the opportunity to think differently and build an entirely new business model with numerous benefits including:
- Increased competitive differentiation
- Expanded customer satisfaction and loyalty
- Access to data as a pre-condition for selling digital add-on services
- New strategic business models with guaranteed recurring revenue
- Improved machine design with in-field usage data
Digitally transform, scale and expand
Equipment as a Service allows an OEM’s end customers to digitally transform, scale and expand their operations with these key benefits:
- Turn CAPEX into free cash flow
- Lower total cost of ownership (TCO)
- Remove overhead for machine operations
Increase machine availability with guaranteed uptime. Register today for this live webinar to learn how your business can generate a predictable stream of revenue and sell additional add-on services for your machines.
Jasmin Klein:MindSphere Portfolio Developer , Siemens Digital Industries Software
Jasmin helps customers understand MindSphere by creating and developing solutions to find the right path for them to start or expand their digital transformation with IIoT. Jasmin's passion is working in interdisciplinary teams to empower them to best advise our customers and lead them to success. Jasmin studied Industrial Engineering to combine both sides in the best possible way - the technical and the economic.
Oliver Braitmayer:Senior Vice President Digital Sales, Siemens Financial Services
Oliver has worked in different businesses for Siemens including mobile phones, water technologies, solar energy, energy solutions, corporate development and corporate audit. He has a comprehensive background in sales, key account management, project management, supply chain management and digitalization. Specifically, the creation of new business models, positioning in an eco-system and outcome-based solutions.