Industrial Equipment-as-a-Service: The Future is Here

Wednesday, April 1
11:40 am - 12:20 pm, Breakout Session (Room 238)

Speakers: Guneet Bedi, Shawn Collins

The paradigm shift in which industrial products morph into services has been much anticipated. As this breakout session will explain, that change is already here — and working successfully. Executives from relayr, a global industrial internet of things (IoT) technology company, and FLANDERS, global leader in motors, drives, electronics, and control systems for heavy industrial machines, will explain how they are developing and deploying remotely monitored, intelligent solutions for FLANDERS’ customers. For FLANDERS, these solutions have permitted a shift to predictive service and pay-per-use models, which are firsts in the heavy industry segment. Topics to be discussed include:

  • Exploring the build vs buy dilemma for IIoT solutions
  • Shifting to a predictive service model
  • Reducing CapEx and ensure maximum production of critical assets
  • Preparing customers for the change in product delivery
  • Bottom line impact