PTC

IoT technologies enable a "physical-digital convergence" within manufacturing. JP Provecher discusses how PTC's ThingWorx platform enables the convergence through operational intelligence and real-time performance visibility.

PTC is a company on a mission to bring together the physical and digital worlds, not just through the recent launch of their signature Thingworx 8 platform and AR technology suite but also through their traditional industrial software. In fact, in 1998 they were pioneers in bringing internet-based PLM software to the market. In the first installment of this three-part series, we have the pleasure of welcoming Steve Dertien, Senior Vice President of Technology at PTC to the show. He is a veteran who developed their CAD and PLM offerings in the early days of the firm and will be sharing more with us about PTC itself and their evolution to become an industry-leading industrial software company. 

Driving transformative business value is at the heart of PTC's IoT strategy and technology. They achieve this by having a comprehensive IoT solution portfolio that is structured in a manner that allows end users to meet 5 key objectives: Source, Contextualize, Synthesize, Orchestrate and Engage. Keen to find out more? Then join us in the scond installment of this three-part series as Steve Dertien, Senior Vice President of Technology at PTC gives us a deep-dive into their IoT solution suite. 

At this year's LiveWorx '17 technology conference, PTC President and CEO Jim Heppelmann in his keynote speech explained that while IoT and AR are necessities to one another, CAD and PLM are the real “match makers” that fuse them together before going on to declare that "IoT is PLM."

What exactly does this mean though? What better way to find out then tuning in to the final part of this episode where Steve Dertien, Senior Vice President, Technology at PTC will run us through use cases in areas such as product development and how PTC's PLM technology is driving transformative change for businesses today. 

*This episode of the Industrial IoT Spotlight podcast is sponsored by PTC

In this episode, we discuss pilot purgatory in industrial IoT deployments and how to build scalable IIoT solutions.

What is the difference between proof-of-concept (POC) and proof-of-value (POV)? What are the 6 steps to IoT deployment success? What are the 3 essential components for building a successful IoT use case?

Jeff Miller is the Vice President of Advisory Services at PTC. The Advisory Services practice delivers pragmatic, actionable, success-focused advice that leverages PTC's industry leadership in IoT technologies and business solutions.

Key Takeaways:

• Proof of Concept (POC) is the proof that the technology will work technically in the existing organizational infrastructure and processes.
• Proof of Value (POV) is the conclusion that problems have been addressed and value has been created and measured.
• The gap between the POC and POV is the root cause of pilot purgatory scenario in which pilots fail to scale into organization-wide implementation.
• There are 6 steps to successfully implementing IoT, and it is important that these steps are done in order: 1) Business strategy alignment, 2) Feasibility check (technologically and culturally), 3) Technology alignment (POC), 4) Use case identification, 5) Roadmap building, 6) Value measurement (POV)
• There are 3 critical components to successfully build a use case: 1) Valuable: the problem that is solved has to be a real business problem, 2) Scalable and transferrable: technologies have to be crafted in a way that is meant to be scalable and transferrable from the beginning of the project, 3) Measurable: metrics should be agreed upon by all stakeholders and measure value created

*This episode of the Industrial IoT Spotlight podcast is sponsored by PTC

In this episode, we discuss what digital transformation means for traditional companies, the opportunity and risks it presents, and how to successfully drive it within organizations.

Our interview with Howard Heppelmann, General Manager of PTC’s Connected solutions business, aims to answer four key questions: What are the key challenges of digital transformation? What are the best practices in app development to drive digital transformation in organizations? What are the 4 technologies that will disrupt traditional businesses, and how?

PTC’s leading industrial innovation platform and solutions turn Industry 4.0 possibility into reality. Learn more about PTC's solutions with the ABI Report on Smart Manufacturing Platforms.

Key Takeaways:

• Digital transformation enables companies to go from a rear-view approach to present and future real-time optimization of their businesses
• IIoT app development no longer has to lie with the IT department, or within certain silos. Citizen developers in the business or operations can develop apps that are most closely aligned with their individual business objectives.
• The traditional approach to app development results in individual departments hitting ceilings and failing to achieve synergy because individual departments optimize their own silos. Platforms are able to connect various apps and pool data so that the entire organization has transparent views and each department’s optimization can also benefit others.
• The four technologies that will disrupt traditional businesses are: 

1. IoT and analytics: the convergence of IT and OT to utilize data with analytics improve productivity
2. Augmented reality: the empowerment of workers in highly labor intensive operations to become more efficient
3. Additive manufacturing: the disruption that breaks the design and operational constraints of traditional manufacturing approaches and cascades down the value chain
4. Digital technology platforms: the integration of technologies and applications in one plane that allows companies to move at greater speeds

• IIoT will transform industries, companies, and products, Traditional companies need to clearly define what digital transformation means for them and the value they bring to market or risk becoming obsolete.
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