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Trends in Machinery Manufacturing – Annual Roundup 2024

The machinery manufacturing sector has experienced significant developments throughout 2024, navigating economic fluctuations, technological advancements, and evolving regulatory landscapes. This annual roundup highlights key trends, market insights, policy updates, and major industry events that have shaped the sector over the past year. Key Trends Shaping 2024 1. Industrial Machinery Production The U.S. industrial machinery production […]

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AI Agent to Unlock aftermarket Parts/Service Sales Leads

AI Agent to Unlock aftermarket Parts/Service Sales Leads

Industrial OEMs are surrounded by untapped potential – hidden revenue streams buried within their  Installed Base. But outdated processes and fragmented data turn these opportunities into missed chances. Teams are left chasing incomplete leads, wasting time, and watching competitors (third-party sellers) pull ahead. A report said 67% of manufacturers get their spare parts from third-part

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Capture What’s Yours: A Guide to Industrial Wallet Share Mastery

Capture What’s Yours: A Guide to Industrial Wallet Share Mastery

For industrial OEMs, capturing wallet share from the Installed Base represents a direct path to growth. It’s not just about maintaining equipment but unlocking revenue opportunities hidden in customer spending patterns. The challenge lies in identifying these opportunities with precision and converting them into actionable insights. This is where Industrial wallet share calculation comes into

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Key Takeaways from Siemens’ Report: Unlocking Revenue with Installed Base Strategies

Economic uncertainty often forces businesses to tighten budgets, slowing capital spending and delaying major investments in new equipment. Siemens’ recent report reveals a decline in new equipment orders, reflecting this trend. For OEMs, this poses a potential revenue crunch. Yet, hidden within this challenge lies an overlooked growth opportunity: leveraging installed base strategies to drive

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Drive Strategic Asset Lifecycle Management with Intelligence, not Guesswork

The Key to Strategic Asset Lifecycle Management: Intelligence, Not Guesswork For Industrial OEMs, managing assets across their lifecycle is both a necessity and a challenge. Every piece of equipment represents a dual opportunity: the potential to deliver value through optimal performance and the risk of unplanned failures that erode customer trust and revenue. Yet, for

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 Trends in Machinery Manufacturing – Industrial Round up November 2024

The industrial machinery sector continues to navigate economic headwinds, global uncertainties, and rapid technological advancements. November 2024 sees critical shifts that signal both challenges and growth opportunities across the sector. While inflationary pressures remain subdued, supply chain constraints and labor shortages persist. Additionally, manufacturers are contending with new regulatory policies aimed at fostering AI integration

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When and How to Invest in Installed Base Intelligence for OEM Success

When and How to Invest in Installed Base Intelligence for OEM Success

When and How to Invest in Installed Base Intelligence for OEM Aftermarket Success In the world of OEMs, aftermarket services hold enormous revenue potential, but unlocking this value requires a clear strategy for managing installed base data. Here’s a guide on when and how to invest in installed base intelligence to drive aftermarket success and

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