PTC and EY Align to Facilitate Industry Innovation and Adoption of Internet of Things Business Models
Collaboration Will Support End-to-End Product Lifecycle Management and the Development and Deployment of Customer-Specific IoT Solutions
NEEDHAM, Mass. – May 9, 2017 –– PTC (NASDAQ: PTC) and EY have formed a strategic alliance to facilitate industry innovation and promote adoption of Internet of Things (IoT) business models using theThingWorx® industrial IoT platform from PTC. With this alliance, PTC and EY will co-create IoT solutions, based on the ThingWorx platform, to enable manufacturers to improve end-to-end product lifecycle management (PLM), including such functions as requirements management, product design, production, operations, and service. These solutions are expected to be offered to a wide range of industries.
PTC and EY are long-time collaborators, having successfully completed a variety of IoT and PLM solution projects. As part of PTC’s global ecosystem, EY will have access to PTC platforms and solutions, which will serve to support its extensive experience in supply chain and operations, IoT and Industrie 4.0, product lifecycle management, data analysis, cybersecurity, and business transformation.
“Most companies lose contact with their products once they have left the factory floor,” said Dr. Christoph Kilger, EY advisory partner. “However, one must think in terms of a holistic process where operational data is collected to improve the product and maximize customer value. PTC’s IoT solutions enable end-to-end lifecycle management in an easy and user-friendly way. EY will contribute its knowledge and skills to help companies create smart manufacturing systems that enable them to adopt new business models and optimize current systems and processes.”
“Expanding our global ecosystem to include renowned advisors like EY is one of the most effective ways PTC can bring its technology to a broad range of new customers and industries,” said Catherine Kniker, chief revenue officer, platform group, PTC. “With its bandwidth and vast services portfolio, EY is an important collaborator as we continue to focus on developing and marketing innovative IoT solutions.”
- ThingWorx Industrial IoT Platform
- Harvard Business Review: “How Smart, Connected Products are Transforming Companies,” authors PTC CEO Jim Heppelmann and Harvard Professor Michael Porter
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About PTC (NASDAQ: PTC)
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.
The timing of any product release, including any features or functionality, is subject to change at PTC’s discretion.
PTC, ThingWorx, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.