how to structure performance-based maintenance contracts using IoT predictive insights to cut downtime by 50%
I’ve structured several performance-based maintenance contracts in my work with industrial clients, and one thing became crystal clear: when you marry IoT predictive insights with a well-designed contract, you can cut downtime dramatically—often by 50% or more. In this article I’ll walk you through a practical, step-by-step approach to designing these contracts, from defining KPIs and data ownership to pricing models, risk sharing and...