MAXIMIZING REVENUE GROWTH NEW BUSINESS MODELS Enable New Business Models to Power Revenue Growth Give your customers new reasons to buy from you. Introduce new products, optimize existing offerings, and adopt new business models that address emerging market needs. Leaders are transforming their industries by creating new ways to monetize products and services—and redefining their businesses in the process. Companies can leverage the connected capabilities of Internet of Things technology to introduce billing models based on cycle counts or other Product-as-a-Service and servitization models. Once you’re connected across all systems and devices, you can create new value-add services offerings on your customers’ utilization and capacity needs. PTC customers use IIoT solutions to achieve: UP TO 50% - INCREASE IN SERVICE PROFITABILITY UP TO 30% - IMPROVEMENT IN OEE User data drives IoT new business models and revenue opportunities Standardized data connectivity across all devices and systems opens the door for many IoT new business model opportunities. Companies facing global challenges armed with remote connectivity are ahead of the game and able to pivot to remote resolution and predictive service for optimized end user productivity. Monitoring your customers’ usage patterns and capacity utilization creates opportunities for consumables sales, as well as “pay by use” models that reduce upfront CapEX requirements for your customers. PTC customers focused on driving revenue growth through new lines of business have found success with the following IoT new business models: Previous Next Building new business models with PTC By addressing customer issues with innovative digital solutions, PTC customers are rethinking the status quo to discover new business models. Explore IoT new business model strategies Start using connectivity to open up new business models. 01 Connected Service Innovation IDC produced this survey-driven report that explores how today’s industrial leaders are improving product and service value based on IoT connectivity. GET IDC’S REPORT 02 Start Your IIoT Service Strategy This infographic outlines the steps to success when implementing industrial IoT technology into your business strategy, and best practices to accelerate your time to value. INTERACTIVE SERVICE INFOGRAPHIC 03 Maximizing Industrial Throughput Whether you’re looking to boost your own productivity or deliver industrial machinery to help your customers’ efficiency, discover digital solutions to help you reach your goals. IMPROVING THROUGHPUT 04 Building Customer Value Hear from experts at IDC as they discuss how IIoT innovation unlocks value across the enterprise, including leveraging usage data to improve product design. WATCH WEBCAST REPLAY 05 3 Strategies OEMs Can Leverage for Recovery and Revenue Growth Generate recurring revenue streams, deliver value to customers, and streamline your supply chain as you navigate the next normal. STRATEGIES FOR RECOVERY AND REVENUE GROWTH Connect with PTC It’s time to discuss how you can discover compelling new business models using IIoT and augmented reality-driven solutions from PTC. CONSULT A PTC EXPERT About Us Products Education Try & Buy Leadership Investor Relations News Partners Events Global Locations © Copyright 2021 PTC Legal Security Privacy Policy Cookies Settings By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Cookies Settings Accept All Cookies