Equipment-as-a-Service: New business models for the machinery industry

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

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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.

Santosh Harakamani
Head of Service Development
Volvo Group Digital and IT

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