Lighting is one of the permanent power needs for both industries and public buildings. LaaS (Light as a Service) is a two-year project co-funded by the UK-based agency name Innovate UK. It is a better version of lighting which enables the move from old-style lighting to smart lighting with the help of sensors and Internet of Things (IoT) technology, this reduces the cost and enhance the efficiency of energy without any investment from the end-users side.
The rise of circular economy is driving business model innovation across all industries, with a key spin-off being the emergence of ‘something-as-a-service’ business model. The lighting-as-a-service (LaaS) is fast emerging as an innovative service delivery model in the lighting industry. The transition to LaaS is mainly motivated by numerous short- and long-term gains, increased cost savings, enhanced energy efficiency, ... Read more
