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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.

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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:

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Up to 50%

-  Increase in service profitability 

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Up to 30%

-  Improvement in OEE

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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:
 
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By addressing customer issues with innovative digital solutions, PTC customers are rethinking the status quo to discover new business models.

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Colfax enabled its ESAB line of business with enhanced product functionality by using PTC IoT technology to analyze and improve product performance through a connected service framework.

Read the Colfax Story
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Bell and Howell reinvented service with a 92% first-time fix rate by using PTC technology to remotely monitor, diagnose, and maintain their customer products.

Follow Bell & Howell’s Journey
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ESAB doubled its customer’s equipment utilization by using PTC’s IoT solutions to unlock efficiencies across products, processes, and people.

Read ESAB Case Study
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Sysmex is improving product performance and utilization for their customers using PTC’s ThingWorx platform to deliver smart, connected products.

See Sysmex Transformation
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Start using connectivity to open up new business models.
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IDC produced this survey-driven report that explores how today’s industrial leaders are improving product and service value based on IoT connectivity.

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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.

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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.

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Hear from experts at IDC as they discuss how IIoT innovation unlocks value across the enterprise, including leveraging usage data to improve product design.

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