Frost & Sullivan Names PTC as Technology Leader in the IoT PLM Market

Recently, PTC announced that consulting firm, Frost & Sullivan had named PTC as the Technology Leader in the IoT PLM market. With the launch of Windchill 11, PTC has brought to the industry the first PLM software enabled for the Internet of Things (IoT) era.

In the announcement, David R. Brousell, Global Vice President and General Manager of Frost & Sullivan’s Manufacturing Leadership Council had this to say about PTC and Windchill 11:

“With IoT platform integration and ‘Closed-Loop Lifecycle Management’, PTC has built innovative technologies to support the PLM needs of its customers. Windchill’s robust range of Connected Services, Connected Operations, and Connected Manufacturing has visibly enhanced the capabilities of its PLM technology and improved the value proposition by enabling its clients to create smart, connected products and leverage IoT data to improve the product development processes.”

Since its launch in November, Windchill 11 has gained much praise from the industry for being Smart, Connected, Complete, and Flexible. Following an analyst pre-briefing of Windchill 11 in December 2015, Matthew Littlefield of LNS Research noted that Windchill 11 was ahead of the curve, stating:

“The relatively seamless inclusion of ThingWorx mashup capabilities in Windchill 11 has enabled PTC to create solutions like Connected Quality that is well ahead of traditional PLM competitors and has the potential to be broadly adopted by industry.”

While Product and Market Strategist and Catalyst, Joe Barkai, wrote:

“The newly designed Windchill 11… will lower the barrier to entry, accelerate time to value, and reduce total cost of ownership for many organizations, especially for SMBs [small and medium businesses].”

Other publications that have covered the launch of Windchill 11 include CIMData, Desktop Engineering, and Product Design & Development.

Enabled by PTC’s IoT platform, Thingworx, Windchill 11 boasts many features that make it completely IoT-enabled. For example, by leveraging ThingWorx to revolutionize the user interface, Windchill 11 can now ensure that users receive only information that is pertinent to them. This new feature, known as “PTC Navigate”, provides role-based PLM applications to deliver relevant data that can be accessed and understood by users with different roles to play in the product’s lifecycle. And through new Connected Quality capabilities that also leverage ThingWorx, Windchill 11 can gather product data from its test or field performance and subsequently analyze that data to determine actual reliability, failure modes, and failure effects, comparing them to predicted values to drive corrective actions and improve product designs.

With the IoT revolution, products are becoming more complex to design, manufacture, and service. We recognized that increasingly complex products require closer collaboration between teams throughout the product’s entire lifecycle – development through operation. Building on the current strengths of its change management functionality to ensure that any changes made to the product in one part of the lifecycle is recognized throughout the system, Windchill 11 has also made new improvements to its ability to manage a complete and accurate digital Bill of Materials (BOM). These improvements include: deliverables from different design disciplines (software, mechanical, electrical); views for different organizations that need access to PLM data; product configurations as they evolve over time; field operational and quality data; and a vital foundation for the virtual product definition or “digital twin” in support of revolutionary new operation and service technologies into the future.

Finally, Windchill 11 offers new flexibility with its wide variety of deployment options including subscription, SaaS in the cloud, and on-premise solutions and upgrades to provide a truly modern architecture that won’t over-burden internal IT organizations. This flexibility makes Windchill 11 ideal for both large enterprises and small-to-medium businesses that need PLM software with a fast time to value, low total cost of ownership, and complete compatibility with their overall IT strategy.

See why we are being named the Leader of the IoT PLM Market and learn more about Windchill 11 here.