People often envision the benefit of internet of things technology as being in the ability to make processes easier and more efficient, but ServiceMax realizes that IoT can be just as much about the service as it is about the products themselves. The B2B company offers IoT outfitting that "servitizes" any manufacturing operation, as ServiceMax puts it.
While there is a clear benefit to IoT analysis that provides efficiency in manufacturing, that isn't the only purpose for the technology. Rather than offering insights along the lines of turning off unused equipment during down hours, ServiceMax gives constant monitoring of manufacturing equipment. As such, it can support field service operations and ultimately save businesses money.
By offering IoT as a service rather than a product, ServiceMax turns the technology into a consistent B2B revenue generator.