They had to invest time, money and mental bandwidth in investigating and purchasing computer programmes and hardware.
But then along came Software as a Service (SaaS) which upended the entire industry. Suddenly there was a new smarter option available to businesses.
Instead of spending hundreds of thousands (or millions) on hardware which was obsolete almost as soon as it was installed, companies could instead pay a monthly fee to access the technology and the benefits it brought.
As well as eliminating the need for capital, it ensured the company had up-to-date technology, ongoing maintenance, and predictable fees and charges.
Light as a Service is built on a similar model and was created in response to business demand - why would a smart business buy lights when really all they need is the light generated from the LED fitting?
Light as a Service (LaaS) ensures client companies have new and efficient LED lighting technology and all the benefits that go with it.
What does it include?
It includes every aspect of a lighting upgrade from start to finish.
- Data analysis
- Capital investment
- Project management
- Product and Installation
- Measurement + Verification
- Guaranteed savings
- Maintenance for 5 years
So is Light as a Service for everyone?
In short, no. It depends on your business and lighting and whether the LaaS provided can meet those needs.
- Zero capital investment
- Zero risk
- No time investment as the provider carries out the data analysis and installation
- No maintenance headaches
- Guaranteed performance - if the savings don’t materialise, you have recourse with with provider
- Five year term - not suitable for those with a short lease on their premises
- Not suitable for companies who seek mood lighting (eg, hotels or specialist retail stores)
- Not a good choice for a mall site. If you have less than 50 lights, it is advisable to replace your lights as they fail rather than opt for Light as a Service. The only exception is if you have Atex lighting, which can be prohibitively expensive for some companies.
Still not convinced about the ‘as a service’ model?
Chances are you’re already paying for the output of a product rather than the product itself.
Think of Spotify or Apple Music. Instead of purchasing hundreds of CDs from a limited number of artists, the music of tens of thousands of musicians is available on a subscription basis. By signing up to the service you pay a monthly fee for access to the database and enjoy all its benefits.
And ‘as a service’ has also come to the TV industry via Netflix.
If you want to find out more about the differences between Light as a Service and those offering financed or leased lighting, click here.