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IoT services enablement is helping OEMs create new revenue streams.

Whilst product sales typically provide a single revenue event, manufacturers are now developing recurring revenue streams through IoT enabling their products.

New Challenges

The benefit of connected products is that they widen a manufacturer’s portfolio to include on-going services.

However, such diversification is reliant on a manufacturer establishing both a technical and non-technical infrastructure to support the service.  For example,  IoT enablement requires the connectivity of equipment to networks, cloud services, payment processes, customer support personnel, to name just a few.

Whilst these are new challenges for the majority of OEMs, notiria has experience and solutions to support such expansions.

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