ABSTRACT
The new approach of the fourth generation is centered on failure elimination using proactive techniques. It is no longer enough to eliminate failure effects but to pinpoint the root causes of malfunctions and avoid their re-occurrence. The main advantages of the PM business model are explained in this chapter, based on the structure provided by the nine dimensions of the canvas. As a general overview, four of the nine dimensions are analyzed: value proposition, key activities, customer relationship and revenue streams. The five missing dimensions depend on the internal specifications of the companies related to the use case. The chapter also describes the railway use-case for traditional to PMM business model. Its main objective is to reduce the cost of maintenance manpower by means of improvements such as implementing tools as data acquisition, data processing and maintenance strategy optimization.
