In the age of digital transformation, OEMs should be leveraging the cloud as a competitive edge; those not harnessing the power of cloud technology are setting themselves up for obsoletion. The bulk of digital transformation for OEMs should involve the shift to 5G, IoT, and sensors, which, when adopted properly and paired with cloud technology, make an unstoppable combination for productivity.
Cloud-based platforms enable OEMs’ devices to be connected, increasing speed to market, enabling rapid deployment, reducing costs, and allowing organizations to remotely monitor and centrally manage their hardware, software, and services. The ability of OEMs to remotely manage the complete lifecycle of their connected devices – from the minute they leave the warehouse to aftermarket sales – is an invaluable benefit that cloud-driven technology can provide.
Because cloud technology was designed to support collaboration and custom development, it can provide OEMs with a unified, secure environment in which to better collaborate with vendors, customers, and other partners. “Cloudifying” also allows users to leverage easy-to-use APIs to develop their own custom sets of cloud-connected products and services.Another benefit of cloud technology is that there are off-the-shelf solutions available to serve OEMs.