Using a 360 Asset View to Drive the Circular Economy
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There is a huge opportunity for companies to move towards circular and more sustainable business model approach, but at the same time, there are many challenges that can prevent organisations to understand and leverage the benefits that this transformation can take. Servitization plays a pivotal role in this journey, understand how the assets are used drive sustainable value propositions, and investing in installed based visibility is the first step towards building a circular economy business approach. Market is evolving rapidly and customers’ expectations have risen dramatically, moving to outcome based models that are sustainable and circular is key for companies to remain competitive and undertake not only environmental but also economic and social benefits.