The world of business is changing. Organizations no longer expect their established machinery, equipment and technology landscape to keep them competitive across a decade. The Internet of Things (IoT) enables equipment and technology performance to be remotely monitored, analyzed, improved, predictively maintained, and made more efficient. Virtual environments are bringing new products and processes to market more quickly.
This has enabled finance providers to increase transparency in how equipment and technology are being used, allowing them to base tailored financing arrangements on the expected business benefits resulting from the use of that technology.
