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PTC

PTC is a global provider of technology platforms and solutions that transform how companies create, operate, and service the "things" in the Internet of Things (IoT). The company's next-generation ThingWorx technology platform gives developers the tools they need to capture, analyze, and capitalize on the vast amounts of data being generated by smart, connected products and systems. The company's field-proven solutions are deployed in more than 26,000 businesses worldwide to generate a product or service advantage. PTC's award-winning CEO, considered an industry thought leader, co-authored the definitive guides to the impact of the IoT on business in the Harvard Business Review.

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  • SNAPSHOT
  • United States
    1985
    Public
    NASDAQ: PTC
    $1-10b
    1,001 - 10,000
    Open website
    ThingWorx, Kepware (PTC)
  • TECHNOLOGY STACK
  • PTC’s Tech Stack maps PTC’s participation in the IoT tech stack.
    • Application Layer
    • Functional Applications

    • Cloud Layer
    • Platform as a Service
      Infrastructure as a Service

    • Edge Layer
    • Automation & Control
      Processors & Edge Intelligence
      Actuators
      Sensors

    • Devices Layer
    • Robots
      Drones
      Wearables
    • Supporting
      Technologies
    • Analytics & Modeling
      Application Infrastructure & Middleware
      Cybersecurity & Privacy
      Networks & Connectivity
    Technological Capability
    None
    Minor
    Moderate
    Strong
  • IOT SNAPSHOT
  • PTC’s IoT Snapshot maps the range and focus areas of PTC’s IoT business across Technologies, Use Cases, Industries, and Services. Only categories with active products will be shown. Missing categories indicate that there is no activity in those areas.
    Technologies
    Platform as a Service (PaaS)
    Application Development Platforms
    Connectivity Platforms
    Device Management Platforms
    Application Infrastructure & Middleware
    Data Exchange & Integration
    Middleware, SDKs & Libraries
    Analytics & Modeling
    Digital Twin / Simulation
    Virtual & Augmented Reality Software
    Functional Applications
    Product Lifecycle Management Systems (PLM)
    Functions
    Discrete Manufacturing
    Maintenance
    Industries
    Aerospace
    Automotive
    Electronics
    Equipment & Machinery
    Life Sciences
    Oil & Gas
    Retail
    Utilities
    Services
    Training
  • IOT SOLUTIONS
  • PTC has the combination of IoT solutions, smart, connected support, and customer success services to help your company achieve maximum value at every step of its transformation. ThingWorx loT Platform ThingWorx speeds the creation of high value IoT applications that support manufacturers' strategies, such as Predictive Maintenance and system monitoring, and enhance PTC's existing ALM, PLM, and SLM solution portfolio. Axeda Machine Cloud Axeda provides the most advanced cloud-based service and software for managing connected products and machines and implementing innovative Machine-to-Machine (M2M) and Internet of Things (IoT) applications. Coldlight (Neuron) Coldlight's Neuron Predictive Analytics Platform uses Artificial Intelligence and Machine Learning technology to automatically analyze data, detect patterns, build statistically validated predictive models, and send information to virtually any type of application or technology. Vuforia AR platform PTC’s Vuforia AR platform empowers innovators and developers in the industrial enterprise to build immersive AR experiences that transform the way users create, operate, and service products in the smart, connected world. ThingWorx Studio ThingWorx Studio - an AR offering for the Industrial Enterprise. ThingWorx Studio combines the power of Vuforia with the ThingWorx IoT Platform, offering new ways for the industrial enterprise to create, operate, and service products.

  • KEY CUSTOMERS
  • Industrial Products Electronics & High Tech Government, Aerospace & Defense Automotive Retail & Consumer Life Sciences

  • CASE STUDIES
  • PTC: Transformation for IoT Business Model in Connected Industrial Vehicles
    CNH Industrial wanted to put IoT-enabled viechles onto the market. Whether monitoring a single machine or integrating an entire fleet, operators are able to track the status, speed, and movement of machines and their performance and also receive alerts on issues that may require service by a qualified technician to improve uptime and overall effectiveness of the vehicle.
    PTC: Providing Proactive Support with Intelligent Smart Services
    “For us to maintain low costs and high customer satisfaction while providing improved response times, we need a better, faster way to resolve issues beyond dispatching onsite technicians,” explains Mark Hessinger, Executive Director of Worldwide Service at Gerber Scientific. Gerber faces a continuous need to train new personnel as they are brought into the service organization. A change in strategy for service allows Gerber to build a stronger technical support organization and a more efficient process to bring new field service engineers up to speed. “We have a lot of tenured employees in North America and Europe,” observes Hessinger. “In seven years, the loss of man years will accelerate, so we need to retain product knowledge before it becomes a greater issue and impacts our customers.” Hessinger and his team realized that they needed a solution to remotely connect to their products and identify, diagnose, and resolve issues. Ideally this would happen before their customers even become aware of a problem, reducing the dispatch of onsite technicians or improving first-time fix rates when onsite visits are required. By collecting data from their products deployed in production, the company could begin addressing the aging workforce issue by capturing and retaining information. Collecting information on consumables and parts could automate consumable resupply, optimize spare parts inventory, and enable Gerber to provide true preventive maintenance. “We do not have mean time between failure data because we don’t know how many hours our customers are actually using our products,” says Hessinger. “Some customers use our products a few hours a day, while others use them 24/7. Obtaining actual usage data will help us better plan our spare parts and the consumables required for run times.” Other capabilities identified to help build a business case for their initiative included minimizing product downtime, automating software patch distribution, offering value-added services, providing engineering with product usage data, and delivering remote training on product capabilities for distributors and new technicians.
    PTC: Reducing Mean Time to Repair by 50 Percent with SmartConnect
    Varian has a variety of medical instruments and cancer treatment systems that support today’s leading-edge treatment modalities with Intensity Modulated Radiation Therapy (IMRT) and Image Guided Radiation Therapy (IGRT). These treatment systems are deployed at more than 1,000 hospitals and clinics worldwide. Traditionally, system and equipment problems have required one or more service technicians to diagnose and resolve issues at the hospital site, resulting in higher costs and lost patient treatment time. For a typical treatment device, the loss of one day’s treatment time can result in 35 patients missing their treatments, which is something hospitals and patients cannot afford. Problem resolution can be complicated if incorrect or incomplete information has been provided by the operator, and also in cases where the problem cannot be recreated once the technician is on site. Operators of the Varian Acuity™ imaging system, an integrated simulator and verification tool for testing patient treatment plans, occasionally require expert assistance. Image quality optimization, solving operational problems, and tuning system performance can cost time and money for Varian and their customers.
  • HARDWARE
  • SOFTWARE
  • PODCASTS
  • EP005: Operational Intelligence and Real-Time Performance Visibility - An Interview with PTC's JP Provencher
    Tuesday, Apr 25, 2017

    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." />
    EP013a: At the Center of Physical Digital Convergence - An Interview with PTC's Steve Dertien
    Monday, Sep 25, 2017

    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. " />
    EP013b: Driving transformative business value with IoT - An Interview With PTC's Steve Dertien
    Thursday, Sep 28, 2017

    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. " />
  • MEMBERSHIP
  • Object Management Group (OMG)
    The mission of the OMG is to develop technology standards that provide real-world value for thousands of vertical industries. OMG is dedicated to bringing together its international membership of end-users, vendors, government agencies, universities and research institutions to develop and revise these standards as technologies change throughout the years.
    IoT M2M Council (IMC)
    The IMC is the largest and fastest-growing trade organisation in the IoT/M2M sector, with over 25,000 OEMs, enterprise users, and apps developers as members, and an average of 300 new members joining weekly. The IMC brings a new approach – it will increase deployments of IoT/M2M solutions by proving the business case of the technology to those that would adopter it. It will stand for connectivity as its own global industry, and will not see IoT/M2M technology through the narrow lens of technical standards or a single vertical industry. The IMC will support industry efforts to increase deployment volumes by offering members services that connect Solutions Providers with Adopters of IoT/M2M technology and meeting their evolving needs.
    Industrial Internet Consortium (IIC)
    Accelerate the growth of the industrial internet by identifying, assembling, testing and promoting best practices.
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  • FUNCTIONS
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  • PARTNERS
  • Cisco
    Cisco designs and sells broad lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. Over the last 30 plus years, they have been the world’s leader in connecting people, things and technologies - to each other and to the Internet - realizing their vision of changing the way the world works, lives, plays and learns. Today, Cisco have over 70,000 employees in over 400 offices worldwide who design, produce, sell, and deliver integrated products, services, and solutions. Over time, they have expanded to new markets that are a natural extension of their core networking business, as the network has become the platform for automating, orchestrating, integrating, and delivering an ever-increasing array of information technology (IT)–based products and services. Revenue: $49.2 billion (2015) NASDAQ: CSCO Subsidiaries/ Business Units: - Jasper - OpenDNS - CloudLock
    Intel
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    SAP
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    Texas Instruments
    Texas Instruments (TI) offers more than 100,000 products. Its largest segment is analog semiconductors, which change real-world signals (such as sound and images) into the digital Data Streams. Analog product are used to manage power in all electronic devices; TI sells these products to customers in the consumer electronics and industrial markets, among others. The company also makes embedded processors, which can process data from analog chips and handle specific tasks in electronic devices. TI's other products include digital light processing (DLP) chips used in high-definition projectors, custom semiconductors, and calculators. It generates most of its sales from the Asia/Pacific region.
    General Electric
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    NI provides powerful, flexible technology solutions that accelerate productivity and drive rapid innovation. From daily tasks to grand challenges, NI helps engineers and scientists overcome complexity to exceed even their own expectations. Customers in nearly every industry―from healthcare and automotive to consumer electronics and particle physics―use NI's integrated hardware and software platform to improve our world.
    Amazon Web Services
    Amazon Web Services has developed the managed cloud platform AWS IoT to let connected devices easily and securely interact with cloud applications and other devices. AWS IoT can support billions of devices and trillions of messages, and can process and route those messages to AWS Endpoints and to other devices reliably and securely. With AWS IoT, your applications can keep track of and communicate with all your devices, all the time, even when they aren’t connected.
    Microsoft
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    Hewlett Packard Enterprise or HPE (formerly HP) makes IT environments more efficient, productive and secure, enabling fast, flexible responses to a rapidly changing competitive landscape. They enable organizations to act quickly on ideas by delivering infrastructure that can be easily composed and recomposed to meet shifting demands, so they can lead in today’s marketplace of disruptive innovation. Year founded: 2015 (1939) Revenue: $53.0 billion (2014) NYSE: HPE
    Tata Consultancy Services
    Tata Consultancy Services (TCS) is a global leader in IT services, digital and business solutions that partners with its clients to simplify, strengthen and transform their businesses. TCS ensures the highest levels of certainty and satisfaction through a deep-set commitment to their clients, comprehensive industry expertise and a global network of innovation and delivery centers. Year founded: 1968
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