Servitization in Manufacturing: How to Stay on the Top
Servitization is a business model, wherein manufacturers, i.e product-focused businesses aim to become a solution-based business. The goal of this transition is to create new revenue streams as well as to strengthen customer relationships.
Servitization for Sensors
Like all servitization business models, S2aaS could provide numerous benefits to the customer. Using a subscription-based service, manufacturers can rest assured their sensors will be monitored, repaired and replaced whenever required.
What is servitization?
In the emerging servitization-centered economy, where a growing number of companies are shifting from selling products to selling access to and the outcome those products deliver, manufacturers are redefining the way they do business
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