Equipment makers have an opportunity to build connected products that deliver greater value and improve the customer experience. A "buy and build" approach is the fastest, lowest risk strategy to produce tangible business outcomes. And with IoT initiatives, success breeds success: the more successful you are with creating and scaling one solution, the more support you will gain for future initiatives—whether they are new lines of connected products, new digital services, or new business models incorporating EaaS.
When you employ a "buy and build" strategy, you get 80 percent of the capabilities ready to go out of the box. You can then focus on building the last 20 percent of your capabilities to best serve your customers. Focus on what makes your business special, and leave the technology for building IoT to those who have made it their core business. To find out more, see what Cumulocity IoT can do for you. And when you’re ready, sign up for your free Cumulocity IoT Platform demo to start doing great things with the #1 low-code, self-service IoT platform.