Business models are changing in the age of IIoT. Many industrial enterprises are moving from large capital expenditures toward a "pay-as-you-go" model; commonly referred to as equipment-as-a-service (EaaS), or in some cases “Servitization”.
Naresh Kumar Surepelly — Acquisition or Partnership
Data or information modeling enable information interoperability by specifying the content of specific information and where it is stored. Models for asset information enable these types of data to be managed efficiently.
The high-tech company TRUMPF is acquiring 100 percent of Photonics GmbH from Philips, headquartered in Ulm, Germany. This opens up a new market segment for TRUMPF in addition to its existing business with high-power diode lasers and expands its product portfolio.
There is no question that additive manufacturing has developed into an independent production division, which makes it possible to realize completely new components and structures in small numbers but also increasingly in individualized mass production. Siemens is heavily investing since years into additive manufacturing (AM).