Vele Galovski | Profitable ARR Growth

Tag: Internet of Things

  • Focusing on Customer Outcomes for Their Benefit and Yours

    The ultimate determinant of success is finding new ways to improve customer business outcomes . . .  and getting paid for it. This is where the true opportunities of the Internet of Things and smart services reside.  Delivering Customer Outcomes with IoT The first two steps of TSIA’s remote services continuum (Service Efficiency and Process…

  • How IoT Can Help You Improve Your Customer’s Outcomes

    Here’s a little secret for hardware and equipment manufacturers: Customer’s don’t care about your product. They only care about how your products and services can help them achieve better business outcomes. As people streamed into my presentation at GE’s Minds+Machines, they told me that they were intrigued with the idea of equipment manufacturers ‘making money‘…

  • Reducing Service Delivery Costs with IoT

    Imagine the world as your laboratory. Thousands of installations operating in various environmental conditions, feeding back key performance metrics to the product team. What could you do with that data? You could better understand failure rates. You could more effectively schedule preventive maintenance actions. You could identify the cause of  failure prior to dispatching a…

  • Smart Products Need Smart Services: The Remote Services Continuum

    “The digital transformation is more than making equipment smart, connecting to the cloud, and collecting data. It is the key to reducing service delivery costs, optimizing customer processes, and delivering better customer outcomes.” If your company sells any type of physical asset, commoditization will drain your economic moat (here are the four warning signs). Many…

  • Smart Products Need Smart Services: How IoT Works for Equipment Manufacturers

    “As traditional products become more commoditized, the data collected from smart, connected products will deliver more business value than the physical component.” So, why do I believe that smart, connected products are the future for equipment manufacturers? From my work at the Technology Services Industry Association (TSIA), we have seen many equipment manufacturers pivoting towards…