The document discusses how emerging technologies like the Internet of Things, sensors, cloud-based platforms, and additive manufacturing can transform equipment maintenance. These technologies allow equipment to be monitored remotely and provide real-time performance data. This data enables predictive maintenance by identifying potential issues before failures occur. It also allows on-demand additive manufacturing of parts to minimize downtime. The document outlines some challenges to retrofitting existing equipment for monitoring and implementing additive manufacturing at scale. However, it concludes that these technologies will lead business models to shift from selling products to offering comprehensive solutions based on total cost of ownership.