Reed Industry, the Austrian publisher behind trade titles for manufacturing, looks at Findustrial’s platform shortly after launch. The piece starts with the subscription models everyone knows from music and film and asks why they have been so hard to transfer to industry.
Findustrial’s answer: machines stay with the manufacturer, customers pay per production unit, and IoT data provides the basis for billing. According to the article, the first pay-per-use financing of an industrial plant was completed within six months of the company’s start.
Published by Reed Industry on 1 October 2020. Summary by Findustrial; the original is in German.
Editor’s note: pay-per-use is one of the billing models Findustrial today brings together under Equipment-as-a-Service. How the model works for manufacturers: Equipment-as-a-Service explained.