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Industry News
30th May 2017

Where subscription and IIoT models are working

Despite some bumps in the road, the subscription model is generally considered a success in the auto and farming industries. One place where subscription or leasing seems to be particularly effective is in aerospace. GE and Rolls Royce have started renting their engines by the hour rather than having the airlines purchase them. Such a system might work better in aerospace rather than vehicles, tractors, or manufacturing equipment, as it is highly regulated. Of course, road vehicles have regulations, too, but they are not nearly as strict as aviation rules, regulations and litigious concerns.

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