New subscription business models and smart, connected products are freeing manufacturers up from competing for one-time transaction revenues to recurring revenues based on subscriptions. Smart, connected products with IoT sensors embedded in them are the future of subscription business models and a key foundation of the subscription economy. Product Reliability and Uptime Help Create Subscription EconomiesIn a subscription economy world, whoever excels at product reliability and uptime grows faster than competitors and defines the market. The research study, Maximized Product Uptime: The Emerging Industry Standard provides insights into how manufacturers can improve their after-sales service solutions. Knowing when a machine or product will most likely fail is invaluable in ensuring the highest uptime and service reliability levels possible.

Source: Forbes October 31, 2018 13:52 UTC