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Concurrent Engineering

Internet of Things (IoT)

 

In the past 50 years, information technology radically reshaped competition and strategy twice. The Internet of Things, or IoT, is the third wave of IT-driven competition.

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PTC’s IoT Vision and Thought Leadership

The definitive articles on the Internet of Things (IoT) were coauthored by Professor Michael Porter of the Harvard Business School, and Jim Heppelmann, President and CEO of PTC; and published in the Harvard Business Review. How Smart, Connected Products Are Transforming Competition is the first article, and examines the impact on industry competition and corporate strategy. The impact on companies' operations and organisational structure is defined in their follow-up article, How Smart, Connected Products Are Transforming Companies.

What the IoT Means to Manufacturers

The changing nature of "things" is what's transformative about the IoT - not the internet itself. More specifically, the products that you engineer, manufacture, operate and service. The expanded capabilities of these smart, connected products and the data they generate that are ushering in a new era of competition. Many manufacturers have ambitious goals: To spark innovation and design the best products. Deliver great service experiences. To improve manufacturing processes, and ultimately to outperform the competition. PTC has the playbook for how manufacturers accomplish these goals today, in a smart, connected world.

FAST FORWARD: A PLAYBOOK FOR THRIVING IN AN IOT WORLD »
EQUIPPING YOU WITH THE TOOLS YOU NEED FOR THE IOT »

Building IoT Solutions Requires a Platform Approach

It can be a huge undertaking for even the most resourceful companies to build a complete system for IoT solutions. A lot of expert know-how, time, and capital is required – and in the end, companies end up plagued by long IT project cycles and low return on investment.

The ThingWorx IoT platform was purpose-built to fundamentally change how we connect, analyse, manage, and experience all “things” in our smart, connected world.