Bob Hillier, managing director of product lifecycle management solutions provider Design Rule discusses the concept of PaaS and the software tools that can help OEMs make the move to this new sales model
Global power systems company Rolls-Royce recently celebrated the 50th anniversary of its “Power-by-the-Hour” approach to engine maintenance management.
Since its introduction, we’ve seen companies from the automotive, aerospace and industrial sectors following suit, making product as a service (PaaS) plans available to their customers.
Offering PaaS involves a complete transformation of the original equipment manufacturer business model. It returns ownership and responsibility to the OEM, which drives the need for more reliable and higher quality products being delivered. [Read more…] about Industrial design: Prepare for product as a service