This week PTC received the IoT Innovation Vendor of the Year Award from marketing analytics and consulting firm Compass Intelligence at the 2016 International Consumer Electronics Show (CES) in Las Vegas, Nevada. The Compass Intelligence Annual Awards recognize the best mobile computing, wireless data communications, Internet of Things, and eco-friendly products and services offered in the market during the past year.
The IoT Innovation Vendor of the Year Award is part of the A-List in M2M/IoT awards category and is voted on by more than 60 industry-leading press and analysts based upon a range of criteria, including vision, strategy, leadership, and financial success.
In the view of the award presenting organization PTC has become a leading provider of technology that enables its customers to realize the value inherent in the Internet of Things. As well, in their opinion, PTC’s CEO, Jim Heppelmann, has become a major thought leader, having coauthored two seminal HBR articles that describe the implications of the IoT and offer companies a blueprint to get started on their own IoT journeys.
As part of its ongoing acquisition quest, earlier this week PTC announced that it had signed an agreement to acquire the Vuforia business from Qualcomm Connected Experiences for $65 million. Vuforia is a widely adopted augmented reality (AR) technology platform, that PTC is betting will enrich its technology portfolio and further foster its strategy to provide technologies that blend the digital and physical worlds. In other words, the next phase of the Internet of Things (IoT).
Under terms of the agreement, PTC will acquire the Vuforia business, including its developers ecosystem. PTC is committed to continued investment in the Vuforia platform and to the ongoing support and growth of the Vuforia ecosystem, but why wouldn’t it? The deal is expected to close later in 2015.
It was first reported last month that Qualcomm was soliciting bids for Vuforia as part of its effort to cut costs and focus on its key mobile business. The surprise was that PTC was the ultimate suitor for the company and its technology.
Vuforia is a mobile vision platform that enables apps to “see” and connect the physical world with digital experiences that demand attention and drive engagement. Vuforia is supported by a global ecosystem of developers, and has powered more than 20,000 apps with more than 200 million app downloads and installs worldwide.
Vuforia’s technology lets people use their smartphone or tablet to bring advertisements, toys, and other real-world objects to life. The effort has attracted a notable base of developers, but let’s face it, augmented reality remains more of a novelty than a big business. Obviously, PTC is out to change that. (more…)
ANSYS, a major provider of engineering simulation (CAE) software, announced that it has acquired substantially all the assets of Delcross Technologies, a developer of computational electromagnetic simulation and radio frequency system analysis software.
The acquisition is intended to let ANSYS users to understand how antennas interact within their operating environments and how this behavior affects the system’s overall ability to transmit and receive data without interference. As usual, and not surprisingly, terms of the deal, which closed earlier this week, were not disclosed.
So, what does this really signify? Simulating not just large-scale antenna systems, such as those found in giant aerospace projects (which will surely go on after the acquisition), but on a much, much smaller scale for Internet of Things (IoT) projects.
Although it’s almost a year old, below is a video presentation (click on the image) from Delcross Technologies for modeling installed performance of antennas on electrically large platforms, such as aircraft and automobiles.
With all of the buzz that the Internet of Things (IoT) has generated, a number of our readers have asked if there was anything available for experimenters who may have interest, but not a lot of money to spend on exploring the technology. Until recently, the answer would have been, “No.” However, that all changed this month with the availability of the ARM® mbed™ IoT Starter Kit-Ethernet Edition from ARM Ltd.
In the 1980s British computer manufacturer Acorn Computers first developed the Acorn RISC Machine (ARM) architecture for its personal computers.
A reduced instruction set computing (RISC)-based computer design approach with ARM processors require significantly fewer transistors than typical complex instruction set computing (CISC) x86 processors in most personal computers. This approach reduces costs, heat and power use. Such reductions are desirable traits for light, portable, battery-powered devices and other embedded systems. A simpler design facilitates more efficient multi-core CPUs and higher core counts at lower cost, providing improved energy efficiency for servers.
ARM Holdings develops the instruction set and architecture for ARM-based products, but does not actually manufacture products itself.
ARM core processors are used in a wide range of products including the Microsoft Surface tablet, Apple’s iPad, iPhone, and iPod, ASUS tablets, Canon PowerShot digital cameras, and Nintendo DS handheld game consoles. In a word, ARM cores are everywhere.
About a month ago I spent a few days in Boston at PTC’s LiveWorx 2015 event. It was an eye opener for me and a brief look into the future of PTC with its growing emphasis and dependence on the Internet of Things (IoT).
Beyond the technologies and business strategies presented, what struck me was the relatively young crowd attending with relatively young PTC PR people pushing the IoT platform. Sold out with over 2,300 attendees (up from ~350 in 2014), the draw was similar or maybe more than this year’s PTC Live Global user event. Although Creo and Windchill were certainly present at LiveWorx, they took a back seat to IoT offerings, such as ThingWorx, Axeda, and others.
So what does IoT really mean? I don’t know either because it’s evolving so rapidly and all participating vendors define it so that it accommodates what they offer best. In other words, until standards are established, the definition continues to evolve. I will admit, however, that PTC currently has a leg up on virtually all of the competition for IoT in its traditional design, engineering, and manufacturing space.
A standard definition is in the works, however, and IoT generally refers to uniquely identifiable objects and their virtual representations in an Internet-like structure. The term Internet of Things was proposed by Kevin Ashton in 1999, although the concept has been discussed since 1991, so it’s not exactly brand new.
According to PTC, the Internet of Things has the potential to create trillions of dollars of new economic value in the coming decade. To capture this value, manufacturers will rely on new applications that enable the creation of smart, connected products, thus PTC’s interest and commitment, as shown in the brief video below.
PTC’s Vision for Smart, Connected Products (more…)
So, you think that the Internet of Things (IoT) is a fad? Based on my experience at PTC’s LiveWorx 2015 in Boston this week, IoT is a big part of the future, not only for PTC, but for all of us.
Still not convinced? Just the attendance figures alone from this year over last might help convince you – LiveWorx 2014 (~350 attendees); LiveWorx 2015 (>2,300 attendees). Numbers don’t lie and that shows the growing interest in IoT.
Because of the amount of material covered in just a couple of days, and the major implications surrounding IoT and PTC, I’ll be writing about some the major (and some minor) technology and business announcements, as well as how this all fits together and might shape PTC’s strategy going forward, including:
The benefits and advantages of IoT from PTC’s perspective
Problematic IoT concerns that persist, including security and safety
PTC’s partnership with ServiceMax for connected field service management
PTC’s ThingWorx Converge as an IoT integration hub
The ColdLight acquisition for handling big data and predictive analytics
The ThingWorx Marketplace that has apps and related tools for IoT
We’re in Boston’s Back Bay this week for PTC’s LiveWorx 2015 conference on the Internet of Things (IoT).
This event is a new one for us and one that largely foretells the future direction of PTC.
If you’re here, let’s talk. This is all brand new to me, and I’m on an educational mission. I’d like to hear your opinions on what’s good, what’s bad, and what might potentially be scary, as well as game-changing in this new foray for PTC.
This year we’ve attended several technical meetings and conferences in the design, engineering, and manufacturing realms and have heard one concept/phrase repeated much more than anything else – Internet of Things (IoT). That said, we consider IoT to be the most significant technology of the year for 2014.
Simply, IoT is a newer implementation and outgrowth of an older technology known as Machine-to-Machine (M2M).
The Internet of Things (IoT) refers to uniquely identifiable objects and their virtual representations in an Internet-like structure. The term Internet of Things was proposed by Kevin Ashton in 1999, although the concept had been discussed since 1991.
Radio-frequency identification (RFID) was seen as a prerequisite for the Internet of Things in the early days. The initial thought was, if all objects and people in daily life were equipped with identifiers, they could be managed and inventoried by computers.
Today, the term IoT is used to denote advanced connectivity of devices, systems, and services that goes beyond machine-to-machine (M2M) communications and covers a variety of protocols, domains, and applications. Both of the technologies are expected to enable billions of new devices in the near future (I’ve seen forecasts of 20-100 billion connected devices by 2018 or 2020).
The Internet of Things: Dr. John Barrett at TEDxCIT
In most M2M and IoT scenarios, the device being monitored and/or controlled contains an integrated sensor and wireless transceiver connected through a cellular, WiFi, or other wireless link to the Internet. Keep in mind that all devices are assigned an Internet Protocol (IP) address for unique identification and role purposes. The Internet connection communicates with a remote server that contains the application software. The monitoring device then makes an Internet connection to the same server to complete the service request loop.
Data from the communication is then captured, displayed, stored, and control commands are issued as a result of it.
The Internet of Things Explained
In mechanical design and engineering, while many of the hardware and software vendors have expressed interest in IoT, PTC has really embraced it and positioned it as a major part of their overall strategy going forward. (more…)
It appears that PTC is wading deeper into Internet of Things (IoT) waters with the announcement that it has signed a definitive agreement to acquire privately-held Axeda Corp., a pioneer in the development of technologies that connect machines and sensors to the cloud. Paying approximately $170 million in cash, PTC’s primary motivations behind the acquisition are Axeda’s innovative technology, customer base, and partnerships that could directly complement the PTC ThingWorx business across the entire Internet of Things technology stack.
Along with over 2,000 other attendees, we just returned from the PTC Live Global 2014 conference and exhibition in Boston. It was a very good show at a very good venue — the Boston Convention Center.
The two biggest things we noted at the conference were PTC’s involvment and commitment to the Internet of Things (IoT) and the introduction of PTC Creo 3.0. We also noted a more upbeat crowd attending the show this year than in years past. The attendees we spoke with said the lighter attitude was due to PTC’s announcements, PTC’s corporate direction, and an economy that continues to slowly improve.
PTC Technology Update – PTC Live Global 2014 Keynote