Why Service Lifecycle Management Matters

Source: Forbes

  • US$50 billion

    loss in productivity and repair from equipment downtime annually

  • 800 hours

    average equipment downtime per year experienced by manufacturers

  • 82%

    companies had at least one unplanned downtime; most suffered two or more

Investment priorities across the industrial equipment industry are shifting. Rather than purchasing new equipment, manufacturers are investing instead in maintenance and upgrades of existing assets. This shift is not only operationally sound but highly profitable. Industry research shows that after-sales services now contribute between 40% to 90% of earnings before interest and taxes (EBIT) for original equipment manufacturers (OEMs), making service a primary driver of long-term growth.

Several factors are accelerating this shift toward maintenance and asset optimization, including:

  • The rising cost of new equipment, which makes it more economical to extend the lifecycle of existing assets
  • Rapid technological advancements, where upgrades and retrofits can deliver the same benefits as new equipment at a fraction of the cost
  • Growing emphasis on sustainability, focused on maximizing the current value of their investments rather than replacing equipment prematurely

As such, service lifecycle management has become a crucial capability, supporting processes and field-service operations that keep industrial equipment and smart machines running reliably and optimally.

Executed effectively, service lifecycle management ensures higher customer satisfaction, efficient field service execution and optimal uptime.

What Makes Dassault Systèmes’ Platform-Driven Managed Software and Technology Different?

Unlike traditional service systems that rely on fragmented tools and manual processes, the 3DEXPERIENCE® platform brings managed software and technology together in a single collaborative environment. It integrates design, engineering, manufacturing and service data to deliver a single source of truth, eliminating errors, improving traceability and strengthening collaboration across teams.

By unifying software configurations and service data on a single platform, teams gain consistent visibility across the entire service lifecycle. Real-world data — accessible anywhere, anytime — feeds back into product design for continuous improvement, shaping a more proactive and resilient strategy to manage the full lifecycle of smart machines.

Benefits of Service Lifecycle Management Powered by the 3DEXPERIENCE Platform

Remote Monitoring and Diagnostics

What if equipment could run reliably with minimal unplanned downtime?

Advanced sensors and edge computing in manufacturing, along with the hyperconnectivity of the industrial Internet of Things (IoT), make this possible. From the fast collection and sharing of data, such as temperature, vibration, pressure cycle counts and software logs, to streaming performance data continuously and directly from smart machines, this high-fidelity visibility and real-time analytics accessible from a single platform allow teams to:

  • Remotely generate performance metrics and software logs that provide accurate visibility to monitor equipment health
  • Detect anomalies early
  • Diagnose issues accurately and quickly without the need for on-site inspection

This reduces downtime, saves costs, improves agile responses and gives manufacturers a clear view of how their machines perform across different operating environments — maintaining better uptime and securing more predictable service costs.

Why Service Lifecycle Management Is the Future for Smart Machines

As industrial equipment evolves into software-defined machines with higher autonomy and connectivity, long-term performance becomes a competitive advantage. Service lifecycle management provides the needed structure and digital backbone to support uptime, increase reliability and deliver consistent value throughout the machine’s lifespan.

The 3DEXPERIENCE platform transforms traditional services into a proactive, modern lifecycle strategy built for the next era of connected, intelligent machines.

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