In the News: IoT Gets Clean

This BBC showcases how the IoT is proposing to upend conventional business models for with home goods and appliances market, Lease Don’t Buy.

The lease model might have a number of advantages: manufacturers would be able to supply top-end machines most economical in energy and water; it would be in the makers’ interest to maximize longevity to minimize service bills; and it would create a supply-return loop so that old machines went back to makers to be re-furbished, updated or taken apart and cannibalized – and in the last resort melted down.

This is a direct application of the IoT entering the consumers lifestyle, this model will increase equipment reliability and uptime. Appliance manufacturers may follow the lead of GE who integrates sensors and connectivity devices in turbines to increase reliability and decrease maintenance costs.

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