Servitization and remote monitoring technology

Abstract

Purpose – Servitization centres on the transfer of risks from the customer to manufacturer. By providing real-time information about current and predicted health of a product in the field, remote monitoring technology can mitigate some of those risks. Although recognised as one of the key enablers of servitization, the mainstream servitization research community has shown very little interest in this topic. The aim is to identify and critically analyse relevant research addressing the topic of remote monitoring technology and servitization and, based on this analysis, propose an agenda to guide future research in this area. Design/methodology/approach – The methodology adopted is literature review consisting of three steps: define purpose and research questions, select keywords and databases, and identify and analyse relevant papers. Findings – Ten findings have been made, which characterise current state of research under categories of examples, benefits, and challenges of using remote monitoring technology to support servitized strategies. Several areas that call for further research are suggested, but general impression is that the understanding about the role and contribution of remote monitoring technology in service delivery and strategy is still in its infancy and much greater effort will have to be invested to change this. It is also suggested that this technology holds a great potential for service and business model innovation; hence, more research is needed to further the knowledge about these topics. Originality/value – This paper qualifies as the first attempt to consolidate and analyse relevant research at the intersection of servitization and remote monitoring technology.