Products have evolved from purely mechanical and electrical components to complex systems that are increasingly connected to the Internet and each other. The emergence of these smart, connected products in the Internet of Things (IoT)—and the rapidly expanding universe of capabilities that derives from automated machine to machine (M2M) interaction—will create new forms of value for manufacturers and their customers.
To capitalize on the business opportunities presented by the smart, connected products, discrete manufacturers will have to look at the way they develop, service, and even sell their products in new ways.
PTC will use this page as a forum to share thought leadership content, industry perspectives, and research publications that highlight the different pathways to product and service advantage. Our goal is to help manufacturers to make sense of the explosion of information around the IoT; to separate the signal from the noise as it pertains to smart, connected products and other M2M business models.
IT Embraces Smart, Connected Products to Transform Manufacturers
Computerworld/IDG Research - July, 2014
Significant opportunities and challenges await the IT leaders at companies that embrace the Internet of Things, according to a recent IDG Research Services survey of 300 IT decision-makers at manufacturers worldwide. While IT leaders will benefit from greater involvement in product development and overall strategy, they also must be wary of the risks associated with underestimating challenges like connectivity, application development, and time to value. Download the white paper ›
The Internet of Things: Transforming Manufacturing
Manufacturing Leadership Journal—June, 2014
The IoT’s potential to catalyze the reinvention of traditional business models—driving new value creation through the emergence of smart, connected products—is itself an extension of the Forces of Transformation that PTC has identified as being critical to the future of manufacturing. In this article, Jim Heppelmann, President and CEO of PTC, describes how the combination of disruptive forces like connectivity and the proliferation of software-intensive products will shift value from hardware to software, and from products to the cloud and services. Download the article ›
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