White Paper - Things Making Things: How Equipment Manufacturers can use MindSphere to Unleash New Business Models
By 2025, experts expect that the Industrial Internet of Things (IIoT) will provide a $4.6 trillion opportunity for the world’s industrial operations to upgrade and add value to the global economy. This reflects the trend toward digitalization just about everywhere, thanks to technology advancements.
For OEMs, the digitalization trend coincides with industry’s need to generate value from infrastructure by making it data - and connectivity - ready. This paper describes how OEMs can align these trends and capitalize on them using MindSphere, the cloud-based, open IoT operating system from Siemens. Capable of being rapidly deployed, MindSphere provides users with powerful analytics and fleet management tools, with access to a fast-growing number of MindSphere application programming interfaces (APIs) and applications to boost the performance and optimization of their machines, create new revenue streams, enhance their company profitability and extend their competitive market advantages.
This white paper explains how OEMs can think expansively about building innovative solutions, even new services-led business models, to take advantage of cloud-based technologies. It then provides an overview of Siemens’ MindSphere, the cloud-based, open IoT operating system that enables OEMs to make their vision a reality.
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