Even though the term “servitization” has been around since the late 1980s, the meaning and importance behind it have only recently been recognized in the world of manufacturing. This change has come about due to the lightning-fast advances in technology and the ever-growing need for strategic thinking and high-level efficiency in competitive markets.
Servitization essentially denotes a transformation – it represents a shift away from traditional manufacturing processes, which involve simply selling products, towards a business model that can best be described as a product-service system.
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Mass customization, product-as-a-service, and new digital technologies like IoT, Machine Learning, and mobile apps are transforming the manufacturing industry. Much like the inventions of steam power, electricity, and computers – how manufacturers leverage these digital technologies will determine which companies will be industry leaders 10 years from now – and which will be left in the dust.
Microsoft Dynamics 365 is the only enterprise platform that can meet all digital manufacturing needs in a seamless, integrated system. And Rapid365 is the only way companies should consider deploying Microsoft Dynamics 365.
Join us for this webinar to learn more about Microsoft Dynamics 365 and the benefits of Rapid365 – enabling organizations to go live with Microsoft Dynamics 365 with up to 40% less time, risk, and spend.
Not that long ago, computers were massive machines which required experts, entire rooms and buildings to operate. These days, almost everyone has one in their own pocket. The emergence of smartphones, tablets and similar devices has changed the game. These are not mere toys, but rather powerful and multifunctional tools capable of providing you with real-time information in the blink of an eye.
Organizations which prioritize efficiency and practicality in order to increase the quality of their products and services are now turning to mobility projects to realize the full potential of today’s markets. This blog focuses on the advantages of ERP mobility, using the capabilities of Microsoft Dynamics 365 as an example.
In our previous blog Transforming healthcare with the Internet of Medical Things, we discussed the way healthcare IoT has increased connections between medical devices and other sensors to monitor patient conditions. The pressure is on traditional Life Science companies to deliver innovation that improves patient outcomes.
The term “servitization” has gained traction in recent years. It refers to selling an outcome as a service. A great example of this is Netflix: it sells media as a service, rather than selling the CDs or DVDs customers would have used to consume media.
Servitization isn’t just confined to companies operating in the digital space, such as Netflix. Manufacturing firms can also take advantage of servitization. Microsoft Dynamics 365 can help them achieve this goal – read on to learn more.