Industrial Internet of Things:
Delivering Business Outcomes
Webinar recording.

Industrial Internet of Things:
Delivering Business Outcomes
Webinar recording.

Business models in the age of the Industrial IoT are changing. We are moving from large capital expenditures to a "pay-as-you-go" model. This is commonly referred to as equipment-as-a-service (EaaS), or “servitization.” This means that risk must be re-negotiated along the value chain and first movers must define their business models with an uncertain outcome. At the same time, large companies have much to lose; profitable service contracts are endangered, and many are making huge efforts to secure their conventional revenue streams.

Companies such as relayr, an industry-focused IT services provider, offer OEMs and industrial end users a new approach to capital expenditures and doing business.

Key takeaways:
  • Business in the Industrial IoT (IIoT) age is moving to EaaS.
  • The end-to-end technology stack in IIoT (edge/device management, middleware, data analytics) is a driving force of the fourth industrial revolution.
  • Business outcomes from IIoT projects can be insured with a warranty from insurers such as HSB/Munich Re.


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