IoT solutions provider Telenor Connexion has produced a report explaining how businesses can make the transition from a product-based to a services-based business model.
From product to a connected product-as-a-service answers key questions such as: What are the main benefits to the company and its customers? What are the key considerations and challenges in the process? and what are the best practices to ensure a successful transformation?
Telenor Connexion CEO Mats Lundquist said: “Transforming a company’s business model from a traditional product into an IoT-enabled product-as-a-service requires a shift in mindset and impacts strategy, processes, people and technology. Our established step-by-step method will guide companies through the whole process.”