In the contemporary age of digital transformation, it is imperative for Original Equipment Manufacturers (OEMs) to employ cloud technology as a strategic advantage. Those who neglect to leverage cloud technology are jeopardising their relevance in the industry. The digital transformation process for OEMs should focus on the integration of 5G, IoT, and sensors, which, when combined with cloud technology, can significantly enhance productivity.
Cloud-based platforms play a pivotal role in connecting the devices of OEMs, leading to expedited time-to-market, swift deployment, cost reduction, and the capacity for organisations to remotely oversee and manage their hardware, software, and services from a centralised location. The ability for OEMs to remotely manage the entire lifecycle of their connected devices – from inception to post-sales – is an invaluable advantage offered by cloud-driven technology.
The focus of cloud technology on collaboration and custom development provides OEMs with a secure environment to improve collaboration with vendors, customers, and other partners. The integration of cloud technology also allows users to utilise user-friendly APIs to develop their own custom sets of cloud-connected products and services.
Moreover, cloud technology offers ready-made solutions that cater to the requirements of OEMs. For instance, Xyte’s full-stack servitization platform comes equipped with a variety of cloud-based tools that enable the management of the complete lifecycle of connected devices – from their departure from the warehouse to their delivery to customers and post-sales. Device manufacturers excel in creating their devices; they should not be required to spend time on developing customised software infrastructure to streamline their processes. By embracing a cloud-based platform to modernise and scale their business, manufacturers can save valuable time and resources, rather than starting from scratch or retrofitting old systems.
Source:
Omer Brookstein, CEO & Co-founder at Xyte, “How can Original Equipment manufacturers (OEMs) / device manufacturers / equipment manufacturers leverage the power of cloud technology?” Quora