Linking outcomes and opportunities

摘要

Brian Foster, head of Industry Finance at Siemens Financial Services in the UK, discusses an emerging business model which links payment for equipment and technology to resulting business benefits. Digital innovation is changing the way business works. In the past, businesses would acquire enabling machinery and technology with the expectation that, once operational, it would allow them to remain competitive for long periods, often across a decade. Rapid developments in digitalised equipment however, are now compelling organisations to review their thinking and look to regularly upgrade machinery and technology. The Internet of Things (IoT) enables equipment and technology performance to be remotely monitored, analysed, improved, predictively maintained and made more efficient, and virtual environments are bringing new products and processes to market more quickly.