Increase Productivity with Existing Assets

Brig Ricks
BurlyRents
Published in
1 min readMar 13, 2019

Many industries can create new value and achieve huge productivity gains from existing assets with sharing economy practices. Sharing platforms like Burly offer a new way for asset-intensive industries to generate new revenue from existing assets that generally lie idle some of the time. Like construction equipment — which sits idle on average 70% of the time — many industrial assets are underutilized. The sharing economy could boost the utilization of assets significantly.

With Burly, a construction company shares an asset or capability with one or more partners in a way that creates new possibilities for all — without interfering on the company’s ongoing use of the asset. By using Burly to rapidly piece together components from a network of partners, the participants are able to increase productivity, generate new revenue, and save costs.

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