Technical contributions

Shared Economy - How it makes Asset as a Service even more sustainable

Reading time

"This is precisely where opportunities arise to redesign production and make it sustainable."

Michael Thron

One buzzword is democratization. More precisely: democratization of use. Lower barriers to entry in the shared economy mean that everyone is able to use more modern machines that are accessible across regions more quickly. If machines are viewed as services in the digital sense, resources can be used more sustainably in future if, for example, electricity consumption is forecast and "green electricity" is ordered in good time. Sustainable business practices can also arise from a change in values within society. If consumers know which and, above all, how many resources are used for a product, they can exert selective pressure on producers and encourage them to produce in a way that conserves resources.

Democratization thus leads to two significant improvements:


Producers have easier access to services and more flexible production, consumers consume more consciously as the resources used are transparent and traceable. Topics such as energy efficiency and sustainability are moving further into focus and can now be documented transparently.

Will Asset as a Service ensure greater sustainability in the industrial sector?


"Only when I have a transparent production chain across all participants will I be able to produce in an energy-efficient way. And without significantly increasing the complexity of my production process."

Mathias Kaldenhoff

Asset as a Service does not therefore ensure greater sustainability per se. However, it does create the fundamental opportunities and framework conditions for sustainable production. However, this requires that knowledge about production processes and their components is no longer the knowledge of a few, but becomes transparent for everyone involved.

More articles

Press release

Blockchain technology for the administration shell

Automation | Industry 4.0

Webinar

Better data, more efficient systems

February 12, 2025

11:00 - 12:00 a.m.

Industry 4.0 | Webinars

Webinar

Increase efficiency, secure growth: Discover the 5 most important functions of the SAP Business Technology Platform

March 20, 2025

14:00 - 14:30

Data-driven company | Process optimization | SAP | Webinars

Technical contributions

10 common mistakes when introducing e-invoicing - and how to avoid them

Data-driven company | Process optimization | SAP

Transmission confirmed

Thank you for your interest. Please click here to start your download.

Transmission confirmed

Thank you for your interest. Please click here to start your download.