"We stand at the frontier of a new age of innovation, where the industrial revolution is colliding head-on with the digital revolution"
As a major proponent of industrie 4.0, PTC [NASDAQ:PTC] helps companies capitalize on the promise of physical digital convergence today and drive the future of innovation. “We stand at the frontier of a new age of innovation, where the industrial revolution is colliding head-on with the digital revolution,” says James Heppelmann, president and CEO of PTC. With over three decades of experience in understanding things in their digital form, and bringing that information back into the physical world, PTC has a unique view of how the IoT can advance businesses today. “PTC focuses on developing tools and solutions that empower our customers to capitalize on the Internet of Things.”
PTC empowers manufacturers to unlock the value of the converged digital and physical worlds through its ThingWorx platform, an industry-leading industrial innovation platform designed to rapidly deliver IIoT applications and augmented reality (AR) experiences. ThingWorx allows clients to develop feature-rich industrial IoT applications with a model-driven architecture that provides the extensibility to tailor to customers’ needs. Clients can effectively manage and extract meaningful insights from IoT in real time using ThingWorx’s sophisticated artificial intelligence and machine learning technology. Additionally, manufacturers can easily manage connected products, empowering business users to better monitor, manage, and optimize devices, systems, and processes built on ThingWorx platform. With a library of 150+ drivers and plug-ins, ThingWorx allows users to easily connect, manage, monitor, and control disparate devices and applications across the business.
PTC focuses on developing tools and solutions that empower our customers to capitalize on the Internet of Things
Creating Real-time Visibility across the Floor
Built on PTC’s innovative IoT platform, ThingWorx Manufacturing Apps, exclusively designed for manufacturers, accelerates time-to-value and offers unmatched flexibility, transforming results by giving users unprecedented capabilities to see, understand, and act in real time. These role-based apps can be quickly and easily installed and configured without impacting production.
Designed for engineers, the ThingWorx Controls Advisor app rapidly connects to and remotely visualizes data from virtually any programmable logic controller (PLC) in the factory. The app provides real-time visibility of device connectivity status and instantly notifies control engineers in case of data communication errors that may cause the loss of critical production data. Engineers can then use Controls Advisor tools to remotely troubleshoot the issue. Users can monitor and troubleshoot machine connectivity from a single application that reduces unplanned downtime and boosts efficiency and flexibility. ThingWorx Controls Advisor also connects to Kepware—PTC’s software development unit creating solutions for industrial automation—to provide instant connectivity to various assets.
PTC equips plant managers with ThingWorx Production Advisor, which rapidly unifies disparate sources of operational and business data. It provides users with real-time visibility into production status and critical KPIs such as availability, performance, quality, and overall equipment effectiveness (OEE). ThingWorx Production Advisor connects the top floor to the factory floor, empowering plant managers and production managers with readily available machine production data. The app allows production managers to drill down into underlying data for root cause analysis of any issues and normalize manufacturing KPIs with historical trending. Production professionals can ensure correct execution while driving continuous improvement.
PTC’s manufacturing apps include ThingWorx Asset Advisor created for asset managers. ThingWorx Asset Advisor connects to a client’s manufacturing equipment and provides real-time sensor details and alerts on anomalies. Asset managers can make better-informed, faster decisions with unified connectivity to disparate factory assets and business systems.
Unleashing the Power of AR
With well over 250 partners aligning their hardware and software product with ThingWorx as well as PTC’s other platforms, PTC enables technology and solution providers to innovate and collaborate with partners and customers, capitalizing on the IoT market opportunity. To further support growth, PTC recently launched its redesigned partner program, PTC Partner Network, making it even easier for partners to add new technologies and expertise to their businesses.
In keeping with the theme of supporting the smart factory, Heppelmann is building on PTC’s proven history of helping customers optimize their manufacturing to bring the power of AR technology to visualize, instruct, guide, and improve interactions with physical things. In light of this, the company has recently launched Reality Lab, a test center that will be run by researchers who will create applications that leverage augmented, virtual, mixed, and physical realities to improve people’s interactions with their physical environments. The lab will apply human-centered design and human-computer interaction to new technology, empowering people with more intuitive and practical computer user interfaces for managing the next generation of networked computer systems. “Our new Reality Lab will enable enterprises to advance the way they serve customers, train employees, design and create products, manage their value chains, and how they compete,” says Heppelmann.
In addition, PTC is also strengthening its strategies for Industrie 4.0 by partnering with McKinsey & Company, leading management consulting firm, to create a global network of Industrie 4.0 Digital Capability Centers (DCCs). Using PTC’s solution, the DCCs are designed to support companies at every stage of their digital transformation journey. The DCCs will include a realistic production environment, digital showcases with demonstrations of Industrie 4.0 technology, as well as experiential capability-building workshops to promote skills training and awareness of Industrie 4.0. “It is rewarding to be a catalyst and trusted solution provider for companies that are fundamentally transforming their businesses,” concludes Heppelmann.