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IoT and Servitization
C a s e - s t u d y
AXTech (NO) - delivers heavy lifting equipment for oil&gas industry
Challenge
Solution
Drop in demand for
lifting equipment New business
model based on
Customers’ Servicing & IoT
Oil price liquidity shortage equipment
collapse
Results and Benefits
New services offering New revenue streams
New possibilities for
Preventive maintenance monetization of data
Remote operation Renting out equipment
IoT Remote diagnosis Servitization addresses customers’
equipment low ability to invest
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