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Posts Tagged ‘ThingWorx’

PTC ThingWorx Converges On IoT

Thursday, May 14th, 2015

Last week at LiveWorx 2015, PTC made several major product and strategic announcements around the Internet of Things (IoT) and their implications for the future of PTC. A couple of the most prominent of these product announcements were ThingWorx 6.0 and ThingWorx Converge.

Before being acquired by PTC about 18 months ago, ThingWorx realized that making IoT a reality required an ecosystem of complementary technologies that enable “things” to be created, connected, operated, and serviced. With the ecosystem established, applications that capitalize on the data these “things” generate can be developed.

According to Russ Fadal, President & General Manager, ThingWorx, a PTC business, it’s estimated that in 2010 there were approximately 7 billion connected smart devices in the world. That number is expected to be in the neighborhood of 1 trillion by 2035. That’s explosive growth, to say the least!

He said that today IoT is challenged because 80% of resources are dedicated to infrastructure and 20% for applications, and he would like to see those percentages reversed. Other issues that he, PTC, and the IoT industry as a whole are trying to resolve include security, predictable performance, 10X+ faster production and implementation, and what to do with the mountains of data generated by IoT devices. Security is especially important because it is not an event, but an ongoing process that will never go away. No small concerns here, therefore the evolution of the platform ecosystem — ThingWorx.

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LiveWorx 2015: PTC Drives Home Its IoT Future – Part 1

Thursday, May 7th, 2015

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
  • ThingWorx 6.0
  • 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
  • How IoT fits in with Creo and Windchill

LiveWorx 2015 Highlight Reel

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PTC Strengthens IoT Position By Acquiring Axeda

Friday, July 25th, 2014

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.

Axeda IoT ROI and Value Curve Overview

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PTC Live Global 2014: IoT and PTC Creo 3.0 Take Center Stage

Thursday, June 19th, 2014

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

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