OTIS Strategies and Technology
Now the company can use those 30 years' worth of REM data and insights as part of its predictive analytics program.
The cost of elevator maintenance is somewhere between 0.4-1.5% of the total property maintenance costs. So even significant savings in elevator maintenance can only have a marginal impact on total property management costs. In most countries in the world, an elevator field technician with over five years experience can pass the tests and get a license. Globally, the competitive situation is quite similarly polarized: corporate with higher overheads, the potential to offer better services and higher prices against the small local operators with almost zero overheads, low prices and a capability for only limited services.
Founded more than 160 years ago by the inventor of the safety elevator, Otis offers products and services through its companies in more than 200 countries and territories, and maintains more than 1.9 million elevators and escalators worldwide.