How OEMs Can Leverage The Power Of Cloud Technology

How can Original Equipment manufacturers (OEMs) / device manufacturers / equipment manufacturers leverage the power of cloud technology? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.

Answer by Omer Brookstein, CEO & Co-founder at Xyte, on Quora:

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. For instance, Xyte’s full-stack servitization platform comes with a suite of cloud-based tools to manage the complete lifecycle of connected devices – from the minute they leave the warehouse to the moment they reach customers and through aftermarket sales. Device manufacturers are experts in making their devices; they should not need to spend time developing and designing customized software infrastructure to enhance their processes. Instead of starting from scratch or retrofitting old systems, manufacturers can adopt a cloud-based platform to modernize and scale their business. In doing so, they’ll save valuable time and resources.

This question originally appeared on Quora – the place to gain and share knowledge, empowering people to learn from others and better understand the world.