NEEDHAM, Mass. – February 22, 2018 –– PTC (NASDAQ: PTC) today announced the release of its bi-annual “State of Industrial Innovation” research report series. Based on data gathered from PTC’s customer base, the series provides a data-driven, objective view into the current state and future plans for the adoption of Industrial Internet of Things (IoT) and augmented reality (AR) technologies. Each report provides a glimpse into the industries driving adoption, the functions and use cases being deployed across the value chain, and the types of business value generated.
“As the technologies and business models surrounding the Industrial IoT and AR continue to mature, there are sure to be sequential trends in adoption,” said Mike Campbell, EVP, ThingWorx Platform, PTC. “PTC’s combination of market experience and access to an extensive volume of adoption data enable a truly comprehensive view of the state of these rapidly evolving markets.”
As cited in “The State of the Industrial Internet of Things” and “The State of Industrial Augmented Reality” reports, Industrial IoT and AR are no longer just emerging technologies to watch. Investing in these technologies has become the critical strategy for many organizations in 2018, particularly those in industries that have complex manufacturing and operational processes. Of PTC customers that have adopted Industrial IoT or AR technologies, 83 percent using Industrial IoT and 85 percent using AR had already transitioned, or plan to transition, their deployments to full-scale production environments within the next 12 months.
Highlights from the reports include:
The State of the Industrial Internet of Things
The State of Industrial Augmented Reality
To learn more about how the Industrial IoT and AR are impacting industries, download both “The State of the Industrial Internet of Things” and “The State of Industrial Augmented Reality” reports.
PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based PLM. 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.
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