We live in a smart connected world. The number of devices connected to the Internet recently surpassed the total number of humans on the planet. According to industry reports, we’re accelerating on our way to an “Internet of Things” that will include as many as 50 billion connected products by the end of the decade. In this new world all manner of sensors, tags, and controls will become a part of both the manufacturing process as well as the smart products that such manufacturers produce. This transformation is taking shape across all manufacturing sectors.
For discrete manufacturers, the implications are huge. Historically, they have lost control of their product once it leaves the factory. With smart connected products, manufacturers can now experience true closed-loop, product lifecycle management where they can track, manage and control product information at any phase of its lifecycle at any time and any place in the world. This will allow manufacturers to:
However, the creation of smart connected products is not easy. To capitalize on this opportunity, manufacturers must assess their company’s strategy as it relates to everything from product design to sourcing, production, sales, and service. Manufacturers must be able to securely collect and respond to data from customers, suppliers, and now the products themselves. Long-term, this data will necessitate the development of advanced analytic capabilities. The more immediate need will be for systems that support remote product monitoring, operation, and optimization.
To address these challenges, PTC leverages the ThingWorx platform. See some illustrative use cases.
"We were looking for a cloud-based machine-to-machine monitoring application. We liked what we saw with regard to features, functions, and customers; and what really pushed us over the edge was the fact that our nationwide service and support partner was also using the platform."
— Larry Granger, PEP Stations
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