DIGITAL TRANSFORMATION IN INDUSTRIAL MACHINERY

How to generate new business through new technologies

DIGITAL TRANSFORMATION IN INDUSTRIAL MACHINERY

How to generate new business through new technologies

Highlights

  • Digital transformation is having a profound impact on companies in the industrial machinery sector;
  • New technologies provide interesting opportunities in terms of operational efficiency in production processes for both the manufacturer itself and the user of smart machines;
  • In general, along all steps of the value chain, digitization opens up new opportunities to develop and offer customers increasingly customized and innovative products and services;
  • The digitization of installed machines and the possibilities for connection and data transfer and analysis makes it possible to identify new business models no longer centered on the machine itself, but on the concept of equipment-as-a-service, opening up new revenue possibilities for companies in synergy with customer operational needs.

Digital technologies are changing the way companies operate in almost every industry, among them, few are undergoing such a profound transformation as industrial machinery. In this area, new technologies are not simply changing the way products are sold, but also the way companies operate and their business models. The phenomenon, which can obviously be traced back to the Industry 4.0 industrial revolution, concerns the automation of traditional production and industrial procedures using modern smart technologies. In this context, digitization represents an opportunity for manufacturers to improve not only their products and services, but more importantly the end customer experience.

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