As we start to witness the widespread adoption of digitalisation – the technology focus behind Industry 4.0, Siemens UK’s Steve Martin outlines how the company’s ‘outcome based’ service proposition, allied to industrial digital technologies, is set to revolutionise its relationship with the food industry.
The way manufacturers talk about servitization these days, you’d think it was something new and shiny, but it’s as old as razor blades. Nick Peters reports on the background of offering Products-as-a-Service.
As markets continually shift and competition continues to rise, the role of a manufacturer has changed drastically in the past few years. With a growing number of businesses stepping into the services field, manufacturing is clearly in the midst of an industry-wide servitization transformation.
A recent survey has shown UK manufacturers are increasingly moving their businesses from being purely product centric to incorporating new service offerings to deliver business growth and new revenue streams.
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.
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.
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.
