A new industrial revolution dubbed Industry 4.0 has arrived, reshaping the foundations of many industries and bringing down the walls between others as the boundaries between suppliers, producers and consumers and, in some cases, between whole industries shift.
Within the last few years, technology has advanced to the point that factories can be connected in a holistic manner, allowing greater visibility and actionable insights presented in real time. As the level of connectivity increases exponentially among equipment, the attachment of IIoT technology such as edge computing devices, sensors, monitors and other devices creates a network of fully connected equipment. These changes set the stage for the development of a model for Equipment-as-a-Service.
Within this eBook, we discuss the arrival and benefits of this Equipment-as-a-service model for manufacturing.