What is Thing as a Service - TAAS ?
Appliances like TV, AC fridge or Massage Chairs are expensive and buying them is out of budget for common consumers. Sometimes renting these appliances also is quite expensive because there is minimum renting threshold period required like a month. TAAS solution enables vendors to offer these appliances like SERVICES on pay per use model.
Pay per user model is becoming extremely popular. This model enables consumer to pay for what they have used and not pay for the Capital cost. OLA, UBER and hotels like Frotels are already proving TAAS business model successful. Cloud offerings are also great examples of service offerings.
If Vendors offering TAAS (Things,(Appliances/Gadgets)) get a technology based solution which can monitor automatic switching on/off of the device without manual intervention, many of things could be offered as a service.
Axelta Systems has come up with a solution for the same. Features of Axelta's TAAS Solution are: