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Difference between revisions of "Product-as-a-Service (PaaS)"

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Product as a Service (PaaS) is a pragmatic and increasingly popular [[Business Model|business model]] which provides the [[Cloud Computing|computing platform for cloud applications]]. The services developed within this model differ from the conventional process of simply selling a product. Instead, PaaS transforms the [[Product|product]] into one that can be reused, repaired, recycled and redistributed. The user pays as and when they access the service, as opposed to paying a single lump sum for a single usage. PaaS indicates a business trend that favours practicality over conspicuous consumption. As well as making companies more efficient, this is contributing to overall sustainability. It also demonstrates the shift towards a [[Circular Economy|circular economy]].Defining Product-as-a-Service (PaaS) [https://disruptionhub.com/glance-product-service-paas/ Disruption]</ref>
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Product-as-a-Service (PaaS) is a business model that allows customers to purchase a desired result rather than the equipment that delivers that result. For example, a manufacturing operation may need to have two pieces of metal welded together. In the traditional purchasing model, the manufacturer would buy a welding robot. In the PaaS model, the company would purchase a certain number of welding operations, not the robot itself—in effect, paying for repetitions instead of robots. This model offers benefits to both the customer and the provider. Some examples of products as a service, which shift the risk of performance from the customer to the manufacturer, include jet engines, compressed air, valves, robots, water pumps, smart lighting systems, and even passenger trains. A PaaS relationship typically involves agreements among three entities: the client, who purchases the service; the manufacturer, who delivers the product and its associated services; and the PaaS platform provider, who handles the infrastructure, including data collection, transmission, storage, security, and analytics.<ref>PaaS Relationships [https://www.engineering.com/IOT/ArticleID/18205/Moving-from-Product-to-Product-as-a-Service.aspx Tom Lombardo]</ref>
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'''PaaS Partnerships'''<br />
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[[File:PaaS_Partnerships.png|400px|PaaS Partnerships]]<br />
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source: Engineering.Com

Revision as of 21:36, 15 October 2019

Product as a Service (PaaS) is a pragmatic and increasingly popular business model which provides the computing platform for cloud applications. The services developed within this model differ from the conventional process of simply selling a product. Instead, PaaS transforms the product into one that can be reused, repaired, recycled and redistributed. The user pays as and when they access the service, as opposed to paying a single lump sum for a single usage. PaaS indicates a business trend that favours practicality over conspicuous consumption. As well as making companies more efficient, this is contributing to overall sustainability. It also demonstrates the shift towards a circular economy.Defining Product-as-a-Service (PaaS) Disruption</ref>

Product-as-a-Service (PaaS) is a business model that allows customers to purchase a desired result rather than the equipment that delivers that result. For example, a manufacturing operation may need to have two pieces of metal welded together. In the traditional purchasing model, the manufacturer would buy a welding robot. In the PaaS model, the company would purchase a certain number of welding operations, not the robot itself—in effect, paying for repetitions instead of robots. This model offers benefits to both the customer and the provider. Some examples of products as a service, which shift the risk of performance from the customer to the manufacturer, include jet engines, compressed air, valves, robots, water pumps, smart lighting systems, and even passenger trains. A PaaS relationship typically involves agreements among three entities: the client, who purchases the service; the manufacturer, who delivers the product and its associated services; and the PaaS platform provider, who handles the infrastructure, including data collection, transmission, storage, security, and analytics.[1]


PaaS Partnerships
PaaS Partnerships
source: Engineering.Com

  1. PaaS Relationships Tom Lombardo