Is Your Hardware Organization Ready for Digital Transformation?

Digital transformation is impacting every industry. Are you falling behind?

As an OEM or hardware provider, your business model has always revolved around making the product, selling the product, and shipping the product. With the exception of adding a support and maintenance contract to keep the product running, anything after the sale has always been the customer’s responsibility.

But now your customers are expecting you to help them achieve specific business outcomes with your products, your investors are insisting on annual recurring revenue from new as-a-service offers, and industry trends are shaking up your entire business model with the help of new digital technologies.

This paper will:

• Cover some of the technological advancements driving the digital transformation
• Outline 6 mega trends accelerating digital transformation
• Help you determine where you are in your journey
• Offer next steps in the form of industry-validated advice based on TSIA’s research and advisory program

This “digital transformation” is impacting every industry, and if you don’t already have a plan for when it hits yours (and make no mistake, it will), you're falling behind. But do you and your colleagues fully understand exactly what that means and what it will take to survive and thrive in an increasingly service-led economy? While industrial equipment, healthcare, and enterprise IT manufacturers are feeling the pinch of digital transformation, the good news is that there is help out there for organizations like yours struggling with where to go next, or in many cases, how to start.