NEEDHAM, Mass. – October 18, 2016 –– PTC (NASDAQ: PTC) today announced that its ThingWorx® technology has been selected as a 2016 Technology Innovation Award winner for the Internet of Things (IoT) by Ventana Research. The Technology Innovation Awards, presented annually, identify those technologies that help drive change and increased value for organizations worldwide.
“Our research shows that organizations don’t have the skills to create the analytics needed by IoT applications, yet these analytics can deliver real business benefits,” said David Menninger, Senior Vice President and Research Director, Ventana Research. “PTC ThingWorx was selected as an award winner for its innovative delivery of advanced analytics to maximize the value of IoT data.”
The awards distinguish pioneers that have developed clear visionary and transformative technology. The Technology Innovation Awards showcase what technology vendors have done to advance the computing potential of their applications and technology so that it can be used to drive better efficiency and productivity as well as the outcomes and performance of an organization. The Ventana Research Technology Innovation Awards cover 30 business and technology categories and are open for organizations across business and IT, technology vendors, and consulting firms. Submissions are evaluated based on the stringent guideline set out by awards program criteria.
“The Internet of Things is undoubtedly changing companies and the products they create and service,” said Jim Heppelmann, president and CEO, PTC. “The IoT innovation category in Ventana Research’s award program is further confirmation of the importance of this shift. We are excited and honored that our ThingWorx technology was recognized as the leader in this technological revolution.”
PTC’s ThingWorx IoT platform delivers rapid application enablement, connectivity, analytics and machine learning capabilities, augmented reality, and integration with leading device clouds. These capabilities combine to deliver a comprehensive IoT technology stack that enables companies to securely connect assets, quickly create applications, and innovate new ways to capture and deliver value.
ThingWorx was also recently scored as the top IoT platform according to Mitrais. The special report evaluated seven leading IoT platforms, including PTC’s ThingWorx, based on compatibility, connectivity, application development, big data analysis, on-premise/Cloud, scalability, security, availability, B2B/B2C, and integration.
PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way you create, operate, and service products. With PTC, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.
PTC, ThingWorx, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.