Equipment as a service pushes the frontier of IIoT

By ReadWrite

Jun 20, 2016

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A new Lux Research report, “Predictive Maintenance: The Art of Uptime,” discusses how IIoT is helping introduce new predictive maintenance (PdM) solutions for industrial equipment around the world.

More significantly, the report heralds the impact of new industrial business models that are emerging out of IIoT, such as equipment-as-a-service (EaaS). These new paradigms have the potential to reorient the playing field and create huge opportunities for operators and vendors alike. PdM is considered one of IIoT’s coveted use cases that could benefit from connected devices’ ability to provide decreased costs and improved asset uptimes.

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