In his most recent article for engineering.com, Peter Bilello discusses the rise of Products as a Service (PaaS) and how it’s changing the market for everything from software to capital equipment. Peter says, “In the PaaS business model, the OEM's sale of equipment (or any big-ticket asset) is replaced by ongoing payments tied to usage—essentially productivity or what is produced. With enhanced connectivity, meters and sensors, the equipment's use, uptime, output and downtime are tracked and invoiced accordingly. CIMdata clients remind us that PaaS data must be timely, accessible and easily understandable. Here is what that might look like.”
Read the full article here: https://www.engineering.com/story/products-as-a-service-the-changing-views-on-products
