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Service Value Creation With Connected Equipment For Industrial Manufacturers
With all the buzz around IoT, it is easy for industrial manufacturers and their service business heads to get carried away with the hype and rush headlong in to IoT initiatives. While IoT opens up a world of value creation opportunities for manufacturers, it can only be as effective as the underlying business strategy. Manufacturers should explore the entire gamut of service opportunities that they can potentially address, evaluate their current capabilities and make a set of strategic choices. Based on this they should build the required capabilities including IOT enabled capabilities.
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