Equipment-as-a-Service: New business models for the machinery industry
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What OEMs can expect when transforming into EaaS with Xyte
Increase customer value, drive differentiation and turn your existing offering into an additional and significant profit pool.
Achieve higher margins and revenue
Overcome product commoditization by adding new service-based revenue streams.
Develop greater customer intimacy
Gain valuable insight into how customers use your equipment and shape your future product roadmap.
Increase Operational Efficiency
Reduce inventory costs and complexity by minimizing SKUs
Digitize your entire fleet
Leverage cloud connectivity to turn your equipment into digital platforms for various services and new business models
Capture and analyze data and derive deeper insights to bolster Overall Equipment Effectiveness (OEE)
Improve first-time fix rates and maintenance efficiency with real-time access to device information
Create value for customers through the whole life cycle of the equipment
Prolong the equipment life and increase uptime by using automatic updates and remote services.
Gather product usage data to fuel better decision making and develop new offerings based on customer needs.
Proactively distribute firmware versions over the cloud to address vulnerabilities in a timely manner.
Strengthen your partner ecosystem
Partner with channels and customers to co-develop new technologies and solutions
Enable the ecosystem to share and combine products, services, and data to deliver added value to customers
Provide channels the ability to generate recurring revenue at scale with subscription models
Now I also have the ability to connect to the product during the lifecycle. That means I have the ability to use it to increase the customers during the lifecycle. I can reuse, repurpose, and refurbish, that will give me a lot more opportunity to increase my revenue streams.
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