In recent years, every sector that needs expensive and complex assets—generator sets, jet engines, packaging machines—is looking for options that will help reduce upfront capital investments in these ...

Servitization is the process of adding services in order to add value to a tangible product. The servitization megatrend is upon us. Product-driven companies are adding services revenue streams and ...

Industry 4.0 has presented extensive possibilities for product and service companies to innovate upon and disrupt their own business models. Forrester reports that 73% of manufacturers believe they ...

Five UK manufacturing SMEs have been recognised for their exceptional servitization efforts at the inaugural Servitization Business Awards. The ceremony took place virtually as part of this year’s ...

IoT is a fundamental building block of Industry 4.0, leveraging the increased mobility and connectivity of technology – image courtesy of Pixabay. It wasn’t so long ago that servitization and the ...

Aston Business School’s Advanced Services Growth Programme for SMEs is putting sustainability at the heart of business transformation. The team is working with companies to develop advanced services ...

(© WavebreakMediaMicro - Adobe Stock) The concept of servitization is one you'll often hear from digital technology vendors. It's commonly used to highlight the blurring of boundaries between products ...