Could pay-per-use IIoT models transform manufacturing?

23 March 2020

relayr has entered into a strategic partnership with trade association MAKE UK that will focus on how the implementation of IIoT pay-per-use models could transform the manufacturing industry. Together they intend to host a series of conferences, roundtables and workshops.

While ‘smart factories’ are already using data analytics to optimise operations and increase their overall efficiency, for many established manufacturers the costs involved in funding this initial investment can be prohibitive. IIoT technology has created tailwinds for pay-per-use business models and relayr will demonstrate how this could lower the entry hurdle for manufacturers, allowing them to benefit from reduced costs in the long-term, while avoiding the issue of purchasing stock that ends up as surplus to requirements.
Throughout the partnership with MAKE UK, relayr will guide manufacturers through the digital transformation process, imparting advice on how businesses can start to take their first steps on the digital journey, smashing the perception that digitisation is something for IT suppliers that cannot be easily understood or implemented.

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