DLL releases bluepaper on IoT and its potential to enable new business models
De Lage Landen’s (DLL) latest bluepaper focuses on the Internet of Things (IoT), exploring what it is, the potential benefits for business and highlighting real case examples of applications in the market today.
IoT is a potentially game-changing technology innovation, where ever larger quantities of equipment and devices are connected to the cloud enabling a multitude of new data flows. Business and customer value comes through the ability to manage products and components more effectively in terms of usage, servicing, upgrades and much more.
In this paper, DLL emphasises the potential of this data centric technology trend, in particular when it comes to enabling new circular economy related business models like leasing, pay-per-use and product-service. Based in the Netherlands, and focused on finance, DLL has been focused on new financial solutions to enable circular economy models. The data flows created by IoT could be an important source of information in enabling these new models in a number of ways, for example, providing product manufacturers with data on individual components performance to enable effective and efficient repair.
Download DLL’s bluepaper: Sharing insights on the potential of the Internet of Things