Create customer value with new business models
Leaders are transforming their industries by creating new ways to monetize products and services—and redefining their businesses in the process. Companies can leverage the connected capabilities of Internet of Things technology to introduce billing models based on cycle counts or other Product-as-a-Service and servitization models. Once you’re connected across all systems and devices, you can create new value-add services offerings on your customers’ utilization and capacity needs. PTC customers use IIoT solutions to achieve:
Up to
Increase in service profitability
Up to
Improvement in OEE
User data drives IoT new business models and revenue opportunities
Standardized data connectivity across all devices and systems opens the door for many IoT new business model opportunities. Companies facing global challenges armed with remote connectivity are ahead of the game and able to pivot to remote resolution and predictive service for optimized end user productivity. Monitoring your customers’ usage patterns and capacity utilization creates opportunities for consumables sales, as well as “pay by use” models that reduce upfront CapEX requirements for your customers.
PTC customers focused on driving revenue growth through new lines of business have found success with the following IoT new business models:
Building new business models with PTC
By addressing customer issues with innovative digital solutions, PTC customers are rethinking the status quo to discover new business models.