When shifting focus from products to instead build revenue through services, a manufacturer’s approach to new business must be wholly geared towards understanding the outcome customer’s value.
The University of Huddersfield has partnered with leading engineering companies and research institutes for a £1m project that aims to bring about massive improvements in the competitiveness and efficiency for UK manufacturers.
Industry surveys have reported as much as 65% of manufacturers globally will be using a service-based selling model as opposed to product-based by 2020.
The UK’s biggest showcase for the Fourth Industrial Revolution, The Manufacturer Smart Factory Expo, is taking place on November 15-16 at Exhibition Centre Liverpool.
We are approaching a time when artificial intelligence and robotic systems will not only surpass humans in carrying out labour intensive and high-precision tasks, but also become ‘smart’ and able to come up with ideas, designs and solutions.
Global web services and technology company, Baidu has announced it will provide an open and complete software platform to help develop worldwide autonomous driving systems with reference vehicles and hardware.
What is the Fourth Industrial Revolution and what is driving it?
Embracing servitization will affect every area of your business, both physically and digitally. The Manufacturer explores how, and advices on how to mitigate the disruption.
Now that many conversations around servitization have matured from merely what it is, to how can the concept can be adopted, its potential impact on a business’ employees and culture is growing in relevance.
By embracing internet of things (IoT) technologies, manufacturers can achieve greater service efficiency, further their service reach and realise sustained future growth.