Manufacturers Lead Digital Transformation Efforts Using PTC and Rockwell Automation Technology Suite
With the joint solution offering from PTC and Rockwell Automation, these companies are able to connect disparate factory systems and gain actionable insights into their operations.
PTC
(NASDAQ: PTC) and Rockwell
Automation, Inc. (NYSE: ROK) today announced from the 2019
ARC Industry Forum that in the last
three months a dozen manufacturers across a variety of countries and
industries have selected the FactoryTalk InnovationSuite, powered by
PTC, solution as part of their digital transformation initiatives.
With the joint solution offering from PTC and Rockwell Automation, these
companies are able to connect disparate factory systems and gain
actionable insights into their operations.
These strategic customer wins validate the powerful
strategic alliance between PTC and Rockwell Automation, which was
announced just last year. For PTC, this represents new customers in
previously untapped industry verticals, including food and beverage,
mining, pharmaceuticals, and consumer packaged goods. The strategic
alliance has also deepened the reach of PTC into growing geographic
markets, including China, South Korea, the Middle East, and the South
Rim. Lavifood,
a Vietnamese company that provides fresh fruits, vegetables, and
agricultural products to global markets, is one example of how this
technology can be deployed to enable companies to make smarter,
data-driven business decisions. In addition, Rockwell Automation has
implemented FactoryTalk InnovationSuite, powered by PTC, in
several of its own plants.
“With the manufacturing industry at the forefront of IoT adoption, the
strategic alliance between PTC and Rockwell Automation has enabled each
company to add value and expertise to a simplified solution, breaking
down technological barriers and driving digital transformation
opportunities for manufacturers in geographic regions and industry
verticals worldwide,” said Jim Heppelmann, president and CEO, PTC. “The
early successes indicate the industry’s readiness and need for more
complete IoT solutions, and as we look to the future, we are confident
that our combined approach will have a long-lasting and positive impact
on the industries we service.”
Launched in November 2018, FactoryTalk InnovationSuite, powered by PTC,
provides customers with an unprecedented ability to grab vast amounts of
data from multiple data sources quickly, organize it, and add insights.
It improves connectivity to operational technology (OT) devices
on the plant floor, natively supporting the rapid connection of legacy
and new industrial equipment. By merging this data with data from
information technology (IT) applications and systems, decision makers
can gain a complete picture on the health and performance of their
operations from anywhere in the enterprise.
“FactoryTalk InnovationSuite, powered by PTC, demonstrates how
PTC and Rockwell Automation are delivering on the promise of their
strategic alliance. This solution is designed to help simplify digital
transformation for industrial businesses,” said Craig Resnick, vice
president, ARC
Advisory Group. “It is an exciting time to be in manufacturing as
IIoT helps modernize and revolutionize all levels of the manufacturing
process – from the shop floor to the top floor. It will push
manufacturers to raise the bar even higher throughout the remainder of
this year and beyond.”
FactoryTalk InnovationSuite, powered by PTC, will be demonstrated
at the annual LiveWorx19® conference, held on June 10-13 in
Boston. For more information, visit www.liveworx.com.
Additional Resources
-
ThingWorx
IoT Platform -
Press release: PTC
and Rockwell Automation Announce Strategic Partnership to Drive
Industrial Innovation and Accelerate Growth -
Press release: Rockwell
Automation and PTC Launch Collaborative Offering to Drive Digital
Transformation Across Industrial Enterprises -
Harvard Business Review: "How
Smart, Connected Products are Transforming Competition,"
authors PTC CEO Jim Heppelmann and Harvard Professor Michael
Porter
About the PTC and Rockwell Automation Strategic Alliance
The
strategic alliance leverages both companies’ resources, technologies,
industry expertise, and market presence, and includes technical
collaboration across the organizations as well as joint global
go-to-market initiatives. In particular, PTC and Rockwell Automation
have aligned their respective smart factory technologies and have
combined PTC’s award-winning ThingWorx® IoT, Kepware®
industrial connectivity, and Vuforia® augmented reality (AR)
platforms with Rockwell Automation’s best-in-class FactoryTalk®
MES, FactoryTalk Analytics, and Industrial Automation platforms. The
result is an unmatched integrated information solution that enables
customers to increase productivity, improve plant efficiency, reduced
operational risk, and enhance system interoperability.
As part of the strategic alliance, Rockwell Automation made a $1 billion
equity investment in PTC, and Rockwell Automation’s Chairman and CEO,
Blake Moret, joined PTC’s board of directors.
About Rockwell Automation
Rockwell
Automation Inc. (NYSE: ROK), the world’s largest company dedicated
to industrial automation and information, makes its customers more
productive and the world more sustainable. Headquartered in Milwaukee,
Wis., Rockwell Automation employs approximately 23,000 people serving
customers in more than 80 countries.
About PTC (NASDAQ: PTC)
PTC unleashes industrial innovation
with award-winning, market-proven solutions that enable companies to
differentiate their products and services, improve operational
excellence, and increase workforce productivity. With PTC, and its
partner ecosystem, manufacturers can capitalize on the promise of
today’s new technology to drive digital transformation.
PTC, ThingWorx, Kepware, Vuforia, LiveWorx and the PTC logo are
trademarks or registered trademarks of PTC Inc. or its subsidiaries in
the United States and other countries.
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