ThingWorx develops the application Axeda connects it to the things. In January they acquired ThingWorx, and six months later, in July, they acquired Axeda. New opportunities are opening up for companies to use these vital insights to ensure customer value as well as create new business models.Ĭompanies are redesigning their products to support the IoT, such as Cisco developing embedded products to support ‘things communicating in remote locations’ or PTC developing cloud applications for an analytical and visibility backbone to monitor and interpret what is happening to ‘things.’īut if you can’t throw hundreds of millions of dollars at the problem like the above companies can, how do you develop your own IoT infrastructure? To answer that challenge for their customers, PTC has been on a shopping spree of late, making sure they are leading the way for designers and manufacturers who will need their own IoT applications. They have transformed their mindset from just making things and shipping them far away to be managed by others to becoming information-driven enterprises that receive information about ‘the things’ throughout their lifetime. I have worked on a few customer projects in industrial companies during the last few years and have seen customers of the above companies in action. Rather, the so-called industrial Internet of Things is changing the landscape of manufacturing and service companies. Today’s definition of IoT is not the one of 2002, when visions of clouds filled with information about my toothpaste tube were touted. They say the converted are more zealous, and I would be among the converted. The battle is raging on the Internet of Things (IoT), with mega-companies like Cisco, GE, PTC, Inte l, Savi, Epicor, Schneider Electric, 1 IBM, Stanley Black & Decker, 2 and many others jumping into this market with innovation and acquisitions. Things rise again! After decades of living under the specter of outsourcing and the so-called rise of the service economy (financial services, call centers, and fast-food restaurants), the PLM market is demonstrating that things still matter-designing, making, monitoring, knowing/learning about things, servicing things, and yes finding things. Full Article Below - Untitled Document Things Glorious Things