Be it further development of existing business models or development of new business models, advancements in digitization offer many new opportunities for companies. This is equally true for SMEs.
Companies in high quality countries, e.g. In Switzerland or in Germany can also profit from these opportunities. In order to remain competitive in the long term, companies must always be on the ball.
A future-oriented option is not to solely rely on product sales. Products can also be bundled with own services or can even be offered as independent services (PaaS)..
For services, it is usually necessary to collect intensive measurement data on the product. This is the only way to ensure continuous information about the operating conditions. This also offers the opportunity to wait for the right time for products and to monitor whether the Service Level Agreements will be adhered to. This information can also be used directly for further product development.
Read more about new digital business segments in the following use cases:
Product as a Service of Gears (PDF download)
Product as a Service for Turbines (PDF download))