Equipment-as-a-Service (EaaS) is a subscription business model, in which equipment is provided for a fee that also includes maintenance and other value-added services. The EaaS business model addresses the evolving customer expectations by providing improved maintenance. The Industrial Internet of Things is the engine behind the model – ensuring equipment uptime and reliability. By moving towards providing a service, industrial companies can ensure better outcomes for their end-customers, capture more of the value chain through value-added services, and create a stable recurring revenue base.
Watch the talk of Jackson Bond, Chief Evangelist at relayr, to learn:
- How to gain access to untapped customer markets?
- What are the 9 points of resiliency for your business?
- Why is Equipment-as-a-Service becoming increasingly relevant for industrial companies?