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Abstract
Today, a significant amount of the world’s global GDP is being spent on
maintenance activities, especially for addressing equipment breakdown or
failure. Operational efficiency, equipment ROI and safety considerations give
rise to an industry need to ensure that the equipment is functional and utilized
to its potential. The maintenance function is evolving from being after-the-
fact, to planned, to predictive to finally self-fixing. Emerging domains like M2M
communication, developments in operational sensor technologies, combined
with advances in information technologies including cloud-based platforms,
big data and analytics are helping unlock the unused potential of consumer
equipment by providing real-time data on performance levels. Based on these
inputs, a maintenance schedule can be outlined which will help maintain the right
parts with the right means without losing equipment efficiency. This will mitigate
unnecessary spends and repeated failures.
white paper
The Future of Maintenance
A data-based approach is taking maintenance to the next level and‘Maintenance-as-a-Service’will soon become the order of the
day. This approach will allow equipment to be monitored and fixed remotely with a potential functionality to even heal itself. New
business models will emerge wherein a product will be sold not at a fixed price, but rather on the basis of the throughput it can
deliver in a given time. The manufacturers will take responsibility for the equipment and ensure that you get the most out of it while
they receive an annuity and additional business based on product and service quality. Total cost of ownership will soon take center
stage as the key measure of success.
In this paper we discuss the technologies to consider, their integration and the key considerations of such an initiative.
External Document © 2014 Infosys Limited
Introduction
Loyal customers are the most sought
after assets that give your business a
competitive edge. Winning customer
loyalty for your product is exceptionally
important in today’s competitive business
environment and forms the core of most
business strategies. Producing classy and
efficient products is not enough; they
should be clubbed with performance-
based services that bind customers into a
sustained relationship. These services must
be tightly integrated with the product
along with a robust support ecosystem to
create a success story. Services will include
technical support on product usage, supply
of consumables and maintenance services
which form the most significant portion
among the services provided.
New products are complex
and need specialized skills to
maintain them
Today, equipment design leverages the
latest advances in technology to meet the
tight quality and efficiency standards of an
ever-demanding operating environment.
This challenges ordinary users to acquire
multidimensional equipment maintenance
capability comprising skills, tools, system
knowledge and the desire to get into
maintenance details. The maintenance
of these assets at optimal operational
efficiency levels is an important requisite
for business success and continues to be a
challenge. Users, who would prefer to focus
on solving core business problems, rather
than on complex maintenance activities,
would find value in a maintenance-as-
a-service offering. Newer technologies
enable exactly such services, which may
be managed via a product vendor or
specialized service provider.
Maintenance services are critical as they
directly impact operational efficiency and
equipment uptime. Organizations have
evolved their maintenance strategies
from fixing broken equipment to planned
maintenance to following the product
vendor’s recommendations to ensure
maximum uptime and efficient asset
operations.
Following an approach, based on heuristics
or standard guidelines, leaves behind
un-used potential of parts that still have
an amount of useful life remaining and
repeated maintenance service costs that
could be avoided. While this is known
to the industry, the absence of a reliable
and affordable mechanism to predict the
condition of the equipment has prevented
them from adopting condition-based
or predictive maintenance to realize
maximum value.
External Document © 2014 Infosys Limited
Emerging technologies have a lot to offer to the maintenance industry
While this may not be an immediate
concern under normal circumstances,
based on condition data and usage
pattern, chances are that after
approximately two months this may start
affecting the equipment’s efficiency and
result in higher energy consumption.
Four months on it could start generating
vibrations that may start damaging other
components and lead to potential failure.
These kinds of insights produced by the
combined use of operational knowledge,
sensors, embedded electronics and
analytics service, cloud based systems,
could help unlock huge unused potential.
In the example above, continuous
monitoring and timely notifications
generated by the system approximately
two months ahead of time before
observing a drop in efficiency enabled
extended use of the component for an
additional year.
Cloud-based Internet of Things (IoT)
and analytics services
Forewarned is forearmed in maintenance.
Emerging technologies like the IoT
can help product manufacturers build
intelligent connected products with the
ability to continually monitor their own
condition and ensure that operational
efficiency is above the threshold for
optimum performance. The need for such
analytics will lead to the creation of built-in
or service-based offerings, which predict
a dip in efficiency and perform root cause
analysis to locate the components needing
service or replacement.
For example, in case of a food processing
plant that operates two shifts a day, the
only opportunity for maintenance is during
non-working hours and holidays. A snag
that halts production could mean wastage
of a huge amount of in-process material,
which occasionally, can result in further
down time due to equipment cleaning
and re-starting the affected manufacturing
process.
A high degree of system reliability
is required for such manufacturing
operations and the ability to predict
potential faults or breakdowns will
undoubtedly provide valuable insights
which will help save on time and resources.
By using smart sensors and on-board
electronics that can communicate with
the manufacturer’s cloud-based analytics
system, the product vendor would be
able to assess the working condition and
service requirements of equipment in
advance. Routine replacement of parts as
per scheduled maintenance cycles, such as
once in two years, can be avoided as long
as the equipment functions at optimal
levels. This would result in higher uptime
of equipment and remarkable savings in
maintenance costs.
Later, say at the end of 3 years of utilization,
when it actually starts indicating some
variation in the current consumption
pattern the embedded sensors would be
able to detect this anomaly and point out
to the component showing signs of wear.
External Document © 2014 Infosys Limited
Additive manufacturing for product
maintenance
Additive manufacturing can help produce
parts just in time at a place where you
need it. In a normal scenario, an oil
exploration ship that needs a component
replaced while on a mission would have
to return to a port for repairs. But with
advanced manufacturing techniques,
the ship can produce parts on-board by
buying a license from the manufacturer to
create a replica over a cloud based service
and greatly reduce supply chain and
inventory carrying costs. Most companies
in the EPC (Engineering Procurement and
Construction) sector derive substantial
benefits from IoT as supply chain and
inventory carrying costs constitute a major
part of their expenses that can be done
away with. Turn key projects executed
by EPC companies like commissioning
oil refineries, dams, bridges etc. can 3D
print components needed at site instead
of waiting for these parts to be procured
and shipped via the company’s preferred
vendors.
Additive manufacturing leverages several
unique technologies. Each additive
manufacturing process varies in the way it
deposits material to build a part.
Hence they are a versatile and acceptable
solution for several maintenance scenarios.
Additive manufacturing allows production
of parts on the go. Soon product
vendors would sell 3D part specifications
subject to appropriate digital rights, to
allow legitimate customers and service
technicians to buy/lease licenses for
printing a certain number of copies in
online marketplaces like app stores. This
will build an ecosystem/marketplace where
product vendors and value-added service
providers could offer digital versions
of component specifications either in
standard designs or modified to suit
custom needs.
In the earlier example, consider a scenario
in which the technician attending to the
food processing equipment’s service
request is equipped with additive
manufacturing systems inside the service
van. The technician could print parts
before coming to the site or on arrival.
This would eliminate the lead time of
parts ordering and delivery, as well as
significantly shrink sourcing costs. In effect,
the only party involved in the supply chain
and repair job is the service technician.
But essentially, it follows a basic process of
interpreting a 3D CAD model, constructing
components by continuously depositing
material in horizontal layers and fusing
them together to build a whole part.
A few promising advanced additive
manufacturing techniques are 3D printing,
laser sintering and stereo lithography.
Broadly, an additive manufacturing process
has the following advantages:
1.	 Can produce parts on demand as it
does not require molds, dies or preset
tooling.
2.	 Involves no setup cost for tooling,
hence can accommodate changes at no
additional cost.
3.	 No minimum batch quantity; can
manufacture even a single piece.
4.	 Does not require an elaborate
production environment, and many
types of equipment can operate in
offices, homes or even in maintenance
technicians’vans.
5.	 Can manufacture parts with different
materials ranging from polymers and
plastics to resins and metals.
These advanced manufacturing techniques
not only impart the ability to produce parts
where and when required but also largely
eliminate the need for specialized skills.
External Document © 2014 Infosys Limited
New business models will
evolve as a result of technology
evolution
Companies will be able to exploit the
advantages of the latest technologies
to adopt new business models built
around deep analytical insights and new
delivery mechanisms. This will shrink the
organization’s size in terms of staff and
physical infrastructure, and thereby save
cost. Products will no longer be physical
objects alone, but also include a service
component to comprehensively address
end user needs. For example, the sale of
washing machines may be replaced by the
sale of garment washing services at a fixed
cost and duration of say, 10 years.
Figure 1: Conventional Customer Service and Supply Chain Scenario for a Service
Figure 2: Futuristic, connected products talking to a cloud-based infrastructure to produce insights and a field technician who can fulfill the
need based on an online service request
enabling them with information on service
requests as well as equipment, such as
3D printers on which they could receive
printing instructions for parts based on
the analytics and alerts received on cloud
infrastructure from the equipment installed
at the customer’s premises. Such a service
model would not only allow the service
provider to take timely action but also
engage the customer in discussions to take
feedback or sell additional products.
Compared to a conventional customer
service supply chain, these new models
will require significantly fewer people and
lesser infrastructure to deliver similar or
even superior services.
Similarly, automobile companies will not
sell cars alone, but rather, a complete
mobility solution for several years, and
include the cost of peripheral services such
as maintenance and insurance in the price.
Such possibilities, which are entirely
conceivable in the near future, will
change the way in which organizations
look at clients and provide services. In
these scenarios, organizations would
continually monitor assets, fine tune them
over the network when needed, and keep
customers posted. They might engage
local empaneled service technicians to
provide services,
External Document © 2014 Infosys Limited
Customer identifies an issue and logs a service request
Maintenance technician’s first trip
Component Supply Chain
Maintenance technician’s second trip
Maintenance
Technician
Local
Contracted
Agency
Back Office
Scheduling
Call Center
Representative
Log part request +
schedule next
appointment
Suggest
service + part
replacement
Maintenance
Technician site
visit
Distributer
Retailer/
Channel
partner
Maintenance
Technician
Customer
Product
installed at
customer site
Maintenance
Technician
Supplier OEM Warehouse
CRM Services
Monitoring Service
Field technician
management service
Other Services
Maintenance Service
Providers cloud service
Alerts, updates,
consolidated
view
Digital part spec
& standard
operating
procedures for
maintenance
Product
Vendor/
Original
Equipment
Manufacturer
(OEM)
Parts
digital
spec
Client
Product
installed
at client
location
Alerts, updates,
consolidated view
Monitoring and
Performance data
Alerts & Updates
Local empanelled service
technician
Maintenance service at a
time convenient for
client & 3D printed parts
Sell product through different sales channels
Challenges
While new products will be designed
considering what IoT has to offer, a
huge amount of existing assets needing
maintenance will have to be retrofitted
with devices to get insights. This may not
always be straightforward due to:
1.	 Inadequate detailed technical
knowledge about the equipment.
2.	 Selection of appropriate devices for
data acquisition.
3.	 The difficulty in devising IT systems and
cloud-based services for monitoring
equipment not designed from ground
up with monitoring integrated in the
basic design.
4.	 The need for proven analytics and
mathematical models to convert data
acquired into insights.
5.	 Down time involved in retrofitting and
monitoring assets before making them
available for production.
Though additive manufacturing can
produce complex intricate parts
outside the capability of conventional
manufacturing processes, it has its own
drawbacks as well:
1.	 Certain components are still
best produced by conventional
manufacturing processes. Examples
include:
a.	 Very strong components, such as
forgings, may require conventional
manufacturing.
b.	 Components that need very
high surface finishes are yet
difficult to produce by additive
manufacturing.
c.	 Certain materials, such as wood,
can only be processed through
conventional manufacturing
processes due to their inherent
properties/ limitations in printing.
2.	Additive manufacturing requires
component specifications with
extreme details unlike conventional
manufacturing processes. Product
vendors will have to make significant
investments to produce these
specifications, before adopting
additive manufacturing as a mode of
component delivery.
3.	Availability and cost constraints in
procuring industrial grade additive
manufacturing equipment.
Assets that are remotely located or operate
in very harsh environments may have
challenges in connecting with cloud-based
services. Examples include deep sea oil
rig equipment or mining equipment that
operate hundreds of feet underground.
Special connectivity solutions will have to
be designed and implemented for such
applications.
External Document © 2014 Infosys Limited
© 2014 Infosys Limited, Bangalore, India. All Rights Reserved. Infosys believes the information in this document is accurate as of its publication date; such information is subject to change without notice.
Infosys acknowledges the proprietary rights of other companies to the trademarks, product names and such other intellectual property rights mentioned in this document. Except as expressly permitted,
neither this documentation nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, printing, photocopying, recording or
otherwise, without the prior permission of Infosys Limited and/ or any named intellectual property rights holders under this document.
About Infosys
Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in
more than 30 countries, to stay a step ahead of emerging business trends and outperform the
competition. We help them transform and thrive in a changing world by co-creating breakthrough
solutions that combine strategic insights and execution excellence.
Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$8.25 billion in annual revenues and
160,000+ employees, is Building Tomorrow's Enterprise® today.
For more information, contact askus@infosys.com www.infosys.com
About the author
Mitesh Patel,
Group Project Manager – Manufacturing Innovation Initiatives, Manufacturing, Infosys
With over 15 years of industry experience, Mitesh leads the Internet of Things (IoT) domain for the Manufacturing Innovation
Initiative group. He works closely with clients and teams working on IoT programs, enabling development of merging
technology implementations, Machine-to-Machine (M2M) communication, and emerging technologies. Mitesh has also worked
in the areas of robotics and product development. Other areas that Mitesh focus on include enterprise application integration.
Conclusion
Business models will transform from merely selling
products to offering an entire solution, complete with
product, usage options such as leasing, and sundry
business solutions, for a total cost of ownership till
the end of product life. Product vendors will focus
on their core strengths and build better products,
relying greatly or even totally on ecosystem partners
to provide additional services like maintenance, repair
and other support functions.
Leveraging technologies such as IoT, analytics,
sensing, additive manufacturing and others in new
product design will both be the norm and a factor of
success.

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Hitech

  • 1. Abstract Today, a significant amount of the world’s global GDP is being spent on maintenance activities, especially for addressing equipment breakdown or failure. Operational efficiency, equipment ROI and safety considerations give rise to an industry need to ensure that the equipment is functional and utilized to its potential. The maintenance function is evolving from being after-the- fact, to planned, to predictive to finally self-fixing. Emerging domains like M2M communication, developments in operational sensor technologies, combined with advances in information technologies including cloud-based platforms, big data and analytics are helping unlock the unused potential of consumer equipment by providing real-time data on performance levels. Based on these inputs, a maintenance schedule can be outlined which will help maintain the right parts with the right means without losing equipment efficiency. This will mitigate unnecessary spends and repeated failures. white paper The Future of Maintenance
  • 2. A data-based approach is taking maintenance to the next level and‘Maintenance-as-a-Service’will soon become the order of the day. This approach will allow equipment to be monitored and fixed remotely with a potential functionality to even heal itself. New business models will emerge wherein a product will be sold not at a fixed price, but rather on the basis of the throughput it can deliver in a given time. The manufacturers will take responsibility for the equipment and ensure that you get the most out of it while they receive an annuity and additional business based on product and service quality. Total cost of ownership will soon take center stage as the key measure of success. In this paper we discuss the technologies to consider, their integration and the key considerations of such an initiative. External Document © 2014 Infosys Limited
  • 3. Introduction Loyal customers are the most sought after assets that give your business a competitive edge. Winning customer loyalty for your product is exceptionally important in today’s competitive business environment and forms the core of most business strategies. Producing classy and efficient products is not enough; they should be clubbed with performance- based services that bind customers into a sustained relationship. These services must be tightly integrated with the product along with a robust support ecosystem to create a success story. Services will include technical support on product usage, supply of consumables and maintenance services which form the most significant portion among the services provided. New products are complex and need specialized skills to maintain them Today, equipment design leverages the latest advances in technology to meet the tight quality and efficiency standards of an ever-demanding operating environment. This challenges ordinary users to acquire multidimensional equipment maintenance capability comprising skills, tools, system knowledge and the desire to get into maintenance details. The maintenance of these assets at optimal operational efficiency levels is an important requisite for business success and continues to be a challenge. Users, who would prefer to focus on solving core business problems, rather than on complex maintenance activities, would find value in a maintenance-as- a-service offering. Newer technologies enable exactly such services, which may be managed via a product vendor or specialized service provider. Maintenance services are critical as they directly impact operational efficiency and equipment uptime. Organizations have evolved their maintenance strategies from fixing broken equipment to planned maintenance to following the product vendor’s recommendations to ensure maximum uptime and efficient asset operations. Following an approach, based on heuristics or standard guidelines, leaves behind un-used potential of parts that still have an amount of useful life remaining and repeated maintenance service costs that could be avoided. While this is known to the industry, the absence of a reliable and affordable mechanism to predict the condition of the equipment has prevented them from adopting condition-based or predictive maintenance to realize maximum value. External Document © 2014 Infosys Limited
  • 4. Emerging technologies have a lot to offer to the maintenance industry While this may not be an immediate concern under normal circumstances, based on condition data and usage pattern, chances are that after approximately two months this may start affecting the equipment’s efficiency and result in higher energy consumption. Four months on it could start generating vibrations that may start damaging other components and lead to potential failure. These kinds of insights produced by the combined use of operational knowledge, sensors, embedded electronics and analytics service, cloud based systems, could help unlock huge unused potential. In the example above, continuous monitoring and timely notifications generated by the system approximately two months ahead of time before observing a drop in efficiency enabled extended use of the component for an additional year. Cloud-based Internet of Things (IoT) and analytics services Forewarned is forearmed in maintenance. Emerging technologies like the IoT can help product manufacturers build intelligent connected products with the ability to continually monitor their own condition and ensure that operational efficiency is above the threshold for optimum performance. The need for such analytics will lead to the creation of built-in or service-based offerings, which predict a dip in efficiency and perform root cause analysis to locate the components needing service or replacement. For example, in case of a food processing plant that operates two shifts a day, the only opportunity for maintenance is during non-working hours and holidays. A snag that halts production could mean wastage of a huge amount of in-process material, which occasionally, can result in further down time due to equipment cleaning and re-starting the affected manufacturing process. A high degree of system reliability is required for such manufacturing operations and the ability to predict potential faults or breakdowns will undoubtedly provide valuable insights which will help save on time and resources. By using smart sensors and on-board electronics that can communicate with the manufacturer’s cloud-based analytics system, the product vendor would be able to assess the working condition and service requirements of equipment in advance. Routine replacement of parts as per scheduled maintenance cycles, such as once in two years, can be avoided as long as the equipment functions at optimal levels. This would result in higher uptime of equipment and remarkable savings in maintenance costs. Later, say at the end of 3 years of utilization, when it actually starts indicating some variation in the current consumption pattern the embedded sensors would be able to detect this anomaly and point out to the component showing signs of wear. External Document © 2014 Infosys Limited
  • 5. Additive manufacturing for product maintenance Additive manufacturing can help produce parts just in time at a place where you need it. In a normal scenario, an oil exploration ship that needs a component replaced while on a mission would have to return to a port for repairs. But with advanced manufacturing techniques, the ship can produce parts on-board by buying a license from the manufacturer to create a replica over a cloud based service and greatly reduce supply chain and inventory carrying costs. Most companies in the EPC (Engineering Procurement and Construction) sector derive substantial benefits from IoT as supply chain and inventory carrying costs constitute a major part of their expenses that can be done away with. Turn key projects executed by EPC companies like commissioning oil refineries, dams, bridges etc. can 3D print components needed at site instead of waiting for these parts to be procured and shipped via the company’s preferred vendors. Additive manufacturing leverages several unique technologies. Each additive manufacturing process varies in the way it deposits material to build a part. Hence they are a versatile and acceptable solution for several maintenance scenarios. Additive manufacturing allows production of parts on the go. Soon product vendors would sell 3D part specifications subject to appropriate digital rights, to allow legitimate customers and service technicians to buy/lease licenses for printing a certain number of copies in online marketplaces like app stores. This will build an ecosystem/marketplace where product vendors and value-added service providers could offer digital versions of component specifications either in standard designs or modified to suit custom needs. In the earlier example, consider a scenario in which the technician attending to the food processing equipment’s service request is equipped with additive manufacturing systems inside the service van. The technician could print parts before coming to the site or on arrival. This would eliminate the lead time of parts ordering and delivery, as well as significantly shrink sourcing costs. In effect, the only party involved in the supply chain and repair job is the service technician. But essentially, it follows a basic process of interpreting a 3D CAD model, constructing components by continuously depositing material in horizontal layers and fusing them together to build a whole part. A few promising advanced additive manufacturing techniques are 3D printing, laser sintering and stereo lithography. Broadly, an additive manufacturing process has the following advantages: 1. Can produce parts on demand as it does not require molds, dies or preset tooling. 2. Involves no setup cost for tooling, hence can accommodate changes at no additional cost. 3. No minimum batch quantity; can manufacture even a single piece. 4. Does not require an elaborate production environment, and many types of equipment can operate in offices, homes or even in maintenance technicians’vans. 5. Can manufacture parts with different materials ranging from polymers and plastics to resins and metals. These advanced manufacturing techniques not only impart the ability to produce parts where and when required but also largely eliminate the need for specialized skills. External Document © 2014 Infosys Limited
  • 6. New business models will evolve as a result of technology evolution Companies will be able to exploit the advantages of the latest technologies to adopt new business models built around deep analytical insights and new delivery mechanisms. This will shrink the organization’s size in terms of staff and physical infrastructure, and thereby save cost. Products will no longer be physical objects alone, but also include a service component to comprehensively address end user needs. For example, the sale of washing machines may be replaced by the sale of garment washing services at a fixed cost and duration of say, 10 years. Figure 1: Conventional Customer Service and Supply Chain Scenario for a Service Figure 2: Futuristic, connected products talking to a cloud-based infrastructure to produce insights and a field technician who can fulfill the need based on an online service request enabling them with information on service requests as well as equipment, such as 3D printers on which they could receive printing instructions for parts based on the analytics and alerts received on cloud infrastructure from the equipment installed at the customer’s premises. Such a service model would not only allow the service provider to take timely action but also engage the customer in discussions to take feedback or sell additional products. Compared to a conventional customer service supply chain, these new models will require significantly fewer people and lesser infrastructure to deliver similar or even superior services. Similarly, automobile companies will not sell cars alone, but rather, a complete mobility solution for several years, and include the cost of peripheral services such as maintenance and insurance in the price. Such possibilities, which are entirely conceivable in the near future, will change the way in which organizations look at clients and provide services. In these scenarios, organizations would continually monitor assets, fine tune them over the network when needed, and keep customers posted. They might engage local empaneled service technicians to provide services, External Document © 2014 Infosys Limited Customer identifies an issue and logs a service request Maintenance technician’s first trip Component Supply Chain Maintenance technician’s second trip Maintenance Technician Local Contracted Agency Back Office Scheduling Call Center Representative Log part request + schedule next appointment Suggest service + part replacement Maintenance Technician site visit Distributer Retailer/ Channel partner Maintenance Technician Customer Product installed at customer site Maintenance Technician Supplier OEM Warehouse CRM Services Monitoring Service Field technician management service Other Services Maintenance Service Providers cloud service Alerts, updates, consolidated view Digital part spec & standard operating procedures for maintenance Product Vendor/ Original Equipment Manufacturer (OEM) Parts digital spec Client Product installed at client location Alerts, updates, consolidated view Monitoring and Performance data Alerts & Updates Local empanelled service technician Maintenance service at a time convenient for client & 3D printed parts Sell product through different sales channels
  • 7. Challenges While new products will be designed considering what IoT has to offer, a huge amount of existing assets needing maintenance will have to be retrofitted with devices to get insights. This may not always be straightforward due to: 1. Inadequate detailed technical knowledge about the equipment. 2. Selection of appropriate devices for data acquisition. 3. The difficulty in devising IT systems and cloud-based services for monitoring equipment not designed from ground up with monitoring integrated in the basic design. 4. The need for proven analytics and mathematical models to convert data acquired into insights. 5. Down time involved in retrofitting and monitoring assets before making them available for production. Though additive manufacturing can produce complex intricate parts outside the capability of conventional manufacturing processes, it has its own drawbacks as well: 1. Certain components are still best produced by conventional manufacturing processes. Examples include: a. Very strong components, such as forgings, may require conventional manufacturing. b. Components that need very high surface finishes are yet difficult to produce by additive manufacturing. c. Certain materials, such as wood, can only be processed through conventional manufacturing processes due to their inherent properties/ limitations in printing. 2. Additive manufacturing requires component specifications with extreme details unlike conventional manufacturing processes. Product vendors will have to make significant investments to produce these specifications, before adopting additive manufacturing as a mode of component delivery. 3. Availability and cost constraints in procuring industrial grade additive manufacturing equipment. Assets that are remotely located or operate in very harsh environments may have challenges in connecting with cloud-based services. Examples include deep sea oil rig equipment or mining equipment that operate hundreds of feet underground. Special connectivity solutions will have to be designed and implemented for such applications. External Document © 2014 Infosys Limited
  • 8. © 2014 Infosys Limited, Bangalore, India. All Rights Reserved. Infosys believes the information in this document is accurate as of its publication date; such information is subject to change without notice. Infosys acknowledges the proprietary rights of other companies to the trademarks, product names and such other intellectual property rights mentioned in this document. Except as expressly permitted, neither this documentation nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, printing, photocopying, recording or otherwise, without the prior permission of Infosys Limited and/ or any named intellectual property rights holders under this document. About Infosys Infosys is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence. Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$8.25 billion in annual revenues and 160,000+ employees, is Building Tomorrow's Enterprise® today. For more information, contact askus@infosys.com www.infosys.com About the author Mitesh Patel, Group Project Manager – Manufacturing Innovation Initiatives, Manufacturing, Infosys With over 15 years of industry experience, Mitesh leads the Internet of Things (IoT) domain for the Manufacturing Innovation Initiative group. He works closely with clients and teams working on IoT programs, enabling development of merging technology implementations, Machine-to-Machine (M2M) communication, and emerging technologies. Mitesh has also worked in the areas of robotics and product development. Other areas that Mitesh focus on include enterprise application integration. Conclusion Business models will transform from merely selling products to offering an entire solution, complete with product, usage options such as leasing, and sundry business solutions, for a total cost of ownership till the end of product life. Product vendors will focus on their core strengths and build better products, relying greatly or even totally on ecosystem partners to provide additional services like maintenance, repair and other support functions. Leveraging technologies such as IoT, analytics, sensing, additive manufacturing and others in new product design will both be the norm and a factor of success.