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The Road to Equipment Servitization: How to Integrate IoT and AI into Your Equipment

EAST Session: Equipment manufacturers face rising competition, hardware commoditization, and shrinking margins. The solution? Innovating with IoT, AI, and cloud services to enhance equipment value and create new revenue streams. By connecting hardware to the cloud via wireless sensors, manufacturers can collect real-time data on health and usage. This enables value-added services like condition monitoring, asset tracking, and predictive maintenance—paving the way for Equipment as a Service (EaaS). While full servitization is a long-term goal, the journey brings immediate benefits: competitive differentiation, stronger customer relationships, and recurring revenue. However, 75% of these projects fail or face long delays, and many manufacturers struggle to sell software-based solutions. In this talk, we’ll break down the challenges of integrating IoT and AI—and how to overcome them. With over a decade of experience, we’ll highlight common pitfalls and share success stories from industry leaders using a “Buy and Build” approach. You’ll leave with actionable strategies to accelerate your servitization journey and maximize equipment value. Significance/Importance: If you're standing still, you're falling behind. And staying ahead means innovating. Unfortunately, 75% of IoT projects fail, or drag on for years. Don't be another statistic. This talk will leave you with actionable strategies to accelerate and succeed on your servitization journey.

Flip the Script: Discussion of Primary Concerns of US Manufacturers and the Impact of Technology

EAST Session: Moderated by: Steve Plumb Rather than start with a discussion of all the technologies available in the industrial marketplace, this panel session will start by outlining the primary concerns of manufacturing businesses. By first appealing to what the audience (machining businesses) cares about most at the start, the panel will logically ease into a discussion of how available technologies can help achieve greater outcomes for these businesses…in other words, solutions to the preeminent problems. Among the concerns highlighted at the outset will be improving competitiveness (domestically and globally), throughput (business growth), and yes productivity in the face of the manufacturing skills gap. The panel will be represented by industry leaders who either are dealing with these concerns directly, or those that have a “front row seat” to a variety of companies that seek to survive and thrive. Technologies that will be addressed will likely include automation, robotics, workforce training, machining technology, machine monitoring, software and AI to name a few. The above will be discussed in the first Executive Perspectives panel discussion on Tuesday, followed on Wednesday with another critical topic…cybersecurity.

The Hope Group

EAST Exhibitor: The Hope Group offers motion control and sealing solutions to its customers who rely on hydraulic, electromechanical, pneumatic and compressed air systems. Headquartered in Northborough, Mass., The Hope Group is a full-line Parker distributor serving all of New England and operates nine Parker Stores. Other product lines include Kaeser Compressors, Gems, IDEC, Noshok, T-Slots, and GE, to name a few. The Hope Group is a ISO 9001, AS9100 and AS9120 certified company.

Turpin Sales & Marketing Inc

EAST Exhibitor: Turpin Sales & Marketing has been in business representing top manufactures for over 30 years. Through our technical expertise and selling skills, we provide the end user and distributor with increased productivity and profitability. This will be achieved by assisting our distributors and end users in presenting and implementing the quality products that we represent to the end user in a professional manner.

Walter Tools

EAST Exhibitor: Walter is one of the world's leading metalworking companies. As provider of machining solutions, Walter offers a wide range of precision tools for milling, turning, drilling and threading applications. Walter works together with its customers to develop custom solutions for fully machining components for use in the aerospace industry, as well as automotive, energy, and general engineering. The company demonstrates its Engineering Kompetenz at every stage of the machining process. As an innovative partner capable of creating digital process solutions for optimal efficiency, Walter is pioneering Industry 4.0 throughout the machining industry. With Regional Headquarters in Waukesha, WI, Walter markets its competence brands Walter, Walter Titex, Walter Prototyp and Walter Multiply through a network of channel partners and field engineers across the USA, Canada, Mexico and Brazil.

YG-1 Tool Co

EAST Exhibitor: World leader in providing high performance and quality cutting tools including solid carbide round tools, HSS and NEW inserted tooling.  With strong global manufacturing and local support capabilities, including facilities in the USA, YG-1 has a proven track record of satisfying demanding industrial customers in diverse tooling applications.