In this blog series, we’ll cover the fundamentals of digital transformation, including innovation velocity, partnerships, and disruptive technologies. Read our first post to learn more about innovation velocity.
Companies must embrace a constant state of change to create new opportunities, drive change, and foster collaboration. At LiveWorx 2018, Jim Heppelmann, President & CEO, PTC, addressed how critical partnerships are to spark technological innovation.
In fact, Rodney Clark, Vice President at Microsoft, said that it takes 20-25 partners to complete an Internet of Things (IoT) and augmented reality (AR) scenario. Microsoft has announced that they are investing $5 billion into IoT to help their partners and customers achieve digital transformation.
Powerhouse corporations are establishing alliances to create new business opportunities as well. Rockwell Automation, the world’s largest company dedicated to industrial automation and information solutions, invested $1 billion into PTC. By unveiling this partnership, both companies will expand their customer base, and accelerate the connected enterprise technologists envision.
“No one company can do it alone,” Jim Heppelmann, PTC President & CEO, said as he announced PTC was entering into a new partnership with ANSYS, the leader in engineering simulation. Both companies will fundamentally rethink CAD (computer-aided design) and simulation. Together, they will integrate ANSYS’ Discovery Live real-time simulation capabilities into Creo, ultimately enabling engineers to see implications of every design change that they make.
Check out our latest infographic to learn more about how partnerships can help companies drive digital transformation.