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Understanding Products as Services: How the Internet and AI are Transforming Product Companies
In the realm of global commerce, Europe has long been renowned for its exceptional hardware products, dominating markets with its machine tools and luxury automobiles. However, it has lost the Internet game and consumes almost all Internet services from the USA and has China on the rise in all dimensions. However, with the emergence of the Internet of Things, the convergence of hardware-based products with software-based services offers a new avenue for success.

Understanding Products as Services discusses how to succeed in the emerging hybrid economy, in which the term ‘hybrid’ represents the mixture of digital and physical products and services that is required to offer a state-of-the-art customer experience. The authors do not rely on lofty concepts but propose tangible and validated tools.

Whether you are an industry professional, an entrepreneur, a business student, or a researcher, Understanding Products as Services serves as an indispensable guide for navigating the hybrid economy, enabling you to leverage the integration of hardware and software, and propel your organization to the forefront of innovation and success.

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Understanding Products as Services: How the Internet and AI are Transforming Product Companies
In the realm of global commerce, Europe has long been renowned for its exceptional hardware products, dominating markets with its machine tools and luxury automobiles. However, it has lost the Internet game and consumes almost all Internet services from the USA and has China on the rise in all dimensions. However, with the emergence of the Internet of Things, the convergence of hardware-based products with software-based services offers a new avenue for success.

Understanding Products as Services discusses how to succeed in the emerging hybrid economy, in which the term ‘hybrid’ represents the mixture of digital and physical products and services that is required to offer a state-of-the-art customer experience. The authors do not rely on lofty concepts but propose tangible and validated tools.

Whether you are an industry professional, an entrepreneur, a business student, or a researcher, Understanding Products as Services serves as an indispensable guide for navigating the hybrid economy, enabling you to leverage the integration of hardware and software, and propel your organization to the forefront of innovation and success.

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Understanding Products as Services: How the Internet and AI are Transforming Product Companies

Understanding Products as Services: How the Internet and AI are Transforming Product Companies

Understanding Products as Services: How the Internet and AI are Transforming Product Companies

Understanding Products as Services: How the Internet and AI are Transforming Product Companies

Overview

In the realm of global commerce, Europe has long been renowned for its exceptional hardware products, dominating markets with its machine tools and luxury automobiles. However, it has lost the Internet game and consumes almost all Internet services from the USA and has China on the rise in all dimensions. However, with the emergence of the Internet of Things, the convergence of hardware-based products with software-based services offers a new avenue for success.

Understanding Products as Services discusses how to succeed in the emerging hybrid economy, in which the term ‘hybrid’ represents the mixture of digital and physical products and services that is required to offer a state-of-the-art customer experience. The authors do not rely on lofty concepts but propose tangible and validated tools.

Whether you are an industry professional, an entrepreneur, a business student, or a researcher, Understanding Products as Services serves as an indispensable guide for navigating the hybrid economy, enabling you to leverage the integration of hardware and software, and propel your organization to the forefront of innovation and success.

Product Details

ISBN-13: 9781837978243
Publisher: Emerald Publishing Limited
Publication date: 06/14/2024
Pages: 241
Product dimensions: 5.98(w) x 9.02(h) x 0.56(d)

About the Author

Felix Wortmann is Professor and Senior Lecturer for Technology Management at the University of St. Gallen (HSG). His research focuses on the Internet of Things, machine learning, and data-driven business models in manufacturing, mobility, health, and energy.
Heiko Gebauer Visiting Professor at Linköping University, Sweden; Fraunhofer IMW and Bosch IoT Lab associate.
Claudio Lamprecht is Senior Associate at Strategy& Switzerland. Previously he was PhD candidate at the Bosch IoT Lab at the University of St. Gallen where he investigated Equipment-as-a-Service business models.
Elgar Fleisch is Professor of Information and Technology Management at ETH Zurich and University of St. Gallen (HSG). Elgar Fleisch and his team are aiming at understanding and designing the ongoing merge between the physical and digital world, focusing on applications, social & economic impacts, and infrastructures of mobile and ubiquitous computing.

Table of Contents

Part I. How the Internet and AI Are Transforming Product Companies
Chapter 1. Merging worlds
Chapter 2. The product-software-service matrix
Chapter 3. A catalyst for the circular economy;
Part II. The Product as a Service (PaaS) Navigator
Chapter 4. From physical products to PaaS
Chapter 5. Initiate the PaaS transformation
Chapter 6. Develop the PaaS business model
Chapter 7. Drive the PaaS transformation
Part III. The 66 PaaS Patterns
Chapter 8. Set the scope
Chapter 9. Explore customer gains and pains
Chapter 10. Define service offering
Chapter 11. Define revenue model
Chapter 12. Investigate strategic rationale
Chapter 13. Apply proven management tactics
Chapter 14. Leverage enabling technology

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