Global collaboration to help businesses adopt IoT

International technology company, PTC has announced a partnership with professional services firm, Ernst & Young (EY) to simplify industry innovation and adoption of internet of things business models.

Stock IoT IIoT Internet of Things Network Data Connectivity – image courtesy of Pixabay.
The collaboration aims to help businesses create smart manufacturing systems to optimise a range of functions – image courtesy of Pixabay.

The collaboration is expected to support end-to-end product lifecycle management (PLM), alongside the focused development and deployment of IoT products.

Leveraging PTC’s industrial IoT platform – ThingWorx, the partners aim to help businesses create smart manufacturing systems, optimising functions such as requirements management, product design, production, operations, and service.

PTC and EY have a pre-existing, well-established relationship, having collaborated and successfully developed several IoT and PLM projects. As part of PTC’s global ecosystem, EY will have access to the company’s platforms and solutions, aiming to support its expertise in supply chain and operations, IoT, data analysis and cyber security, among others.

EY advisory partner, Dr Christoph Kilger explained: “Most companies lose contact with their products once they have left the factory floor. However, one must think in terms of a holistic process where operational data is collected to improve the product and maximise customer value.

Chief revenue officer, platform group, PTC, Catherine Kniker commented: “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. With its bandwidth and vast services portfolio, EY is an important collaborator as we continue to focus on developing and marketing innovative IoT solutions.”

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