Where industry & IoT data intersect.

DDX meets machine users

Welcome to our data-driven ecosystem. If you dream of a new machine but want to keep your cash flow, we are the ones who make it possible.

Now your financing partner can offer a fully automated, flexible leasing or insurance package that is enabled with real-time performance – so you only pay when you actually use the machine.

We connect you with financing institutes and machine builders to get the required machine without any financial risk.

Your role in the ecosystem

Machine users deliver the most essential component in the pay-per-use triangle: real-time data directly from the field. Whether it is a robot, a single processing machine, or a whole production line, you only pay when the machine is running. We only use data that is required for this calculation.

Additionally, by matching the live performance data with historical machine data we can optimize the performance and enable predictions for service and maintenance to keep the machine in the best shape.

01 / Dynamic financing – CapEx becomes OpEx

You as a machine user have selected a new sustainable machine and now you want to finance the machine. Since it is too expensive to pay it once, you are interested in an alternative finance product with good cash flow. And the finance institute has a great new solution for that! With a dynamic business model, you could only pay-per-use instead of a fixed monthly rate.

02/ Personalizes contract setup

Based on the IoT data of the machine, you receive an individual contract based on the machine and usage behavior. The calculation includes parameters like maintenance, runtime, piece count, and degree of wear. By matching this historical data with the planned usage of the machine the contract is automatically generated. Fully transparent and with no hidden costs.

03/ Dynamic insurance

In combination, an insurance company can generate a usage-based insurance bundle. With the historical data of the machine and the pay-per-use contract data, the risks can be easily calculated. This supports the individual rate and bonus adjustment for you as a user.

04/ Machine status reporting

After the machine is running the monitoring begins. The machine produces IoT data and sends it into the cloud. This data is transformed into information that is required for the contract – like “How many pieces were produced this week?” During the runtime, no one has to come to your factory and you don’t have to write exhausting emails, since everything in the ecosystem is connected via APIs.

05/ Damage reporting

But what happens when the machine stops? Since everyone benefits if the piece count increases, damages should be solved as quickly as possible. Smart Claim Management makes damage reporting a one-click activity. All required data about the contract, the machine, and the issue will be provided to get back on track as soon as possible.

06/ Residual value calculation

Apart from that at every time, you can view the residual value of the machine. The basis of this calculation is again the IoT data of the machine. If you finally decide to buy the machine you will get a fair price. Or you decide to check for new technologies to master your digital transformation.

Trusted by

industry leaders top insurances first movers IoT partners

Frequently asked questions

Which machines can be connected?

All machines that are IoT-ized. So from our perspective, all “things” that are integrated into an online ecosystem, e.g. by an Industrial Edge. This allows access to data that was stored only locally before. Now they are accessible in the cloud and can be transformed into useful information which delivers their own value.

Can I connect my own systems?

100% yes! We designed our application to communicate with your individual system in accordance with industry guidelines and standards. Whether it sends us data about historical data or damage reports, we can handle it and adjust it to a seamless data flow between the machine and your tool.

Why should I trust your application?

Trustworthiness is also a big thing for us! We only use data with a good purpose and we expect the same from our ecosystem partners. But for sure, to give you more than just nice words about trust, we can promise you something:

We only use the data that you offer for your contract management
We never store it.
Siemens keeps the highest standards of cybersecurity.

We actually have a whole portfolio element about it, but in Data Driven X it is all about you!

Main roles in the ecosystem

Machine User

DDX means that machine users are now able to lease machines whenever they actually need them.
This new pay-per-use pricing model for machines ensure a better cash flow and maximize the cost flexibility.

Financial Institutes

Talking about assurance, finance institutes that offer those leasing packages can now track the real-time performance and risks which is shared with insurance companies.
Our ecosystem enables a state-of-the-art financing model with 360° transparency on asset, contracts and risks for all parties.

Machine Builder

And if there are free capacities, machine builders may lease it to someone else, so that exploiting the whole potential is assured.
By that new production costs may be saved while you generate sustainable profit with existing machines.

Don't wait any longer. Connect the dots!

What are the benefits? How does it function? How complex is the usage? We want to give you a good overview of our approach – so simply connect via email. Our DataDrivenX team will answer all of your questions and prove our solution with a live demo.

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