Until recently, operators of large capital equipment owned them outright. Today, we are more likely to find a hospital or a factory purchasing a subscription to an MRI (Magnetic Resonance Imaging) or CNC (Computer Numerical Control) machine and its consumables, much the same way consumers subscribe to a cell-phone plan.
Every large manufacturer is on a path toward offering subscription-based consumption models. Doing this while maintaining control over service costs and gray market post-sales revenue leakage is a significant challenge.
Oracle’s Digital Service & Monetization solution helps these companies offer a spectrum of new business models. These could range from subscriptions for consumables and services, all the way to Product-as-a-Service.
Oracle's Digital Service and Monetization Cloud