Connected Era: PTC Accelerates Personalization of IoT for Automotive and Intelligent Manufacturing

At the onset of the Internet Age, relevant experts pointed out that the next stage of development in the Internet is personalization of the Internet of Things. The emerging IoT market is expected to touch and simplify every aspect of daily life, and it has huge potential for innovation. By 2022, the global connected car market will grow at a rate of nearly 25% per year. In the coming years, both automobiles and industry will become one of the important components of the Internet of Things.

Recently, the leading Internet of Things, augmented reality platform, and Mr. Kerry Grimes, president of PTC China, a proven solution provider, were interviewed. The topics on PTC and the Internet of Things were discussed.

▲ Mr. Kerry Grimes, President of PTC China

PTC has become a revolutionary innovator in the Internet of Things technology

Mr. Kerry Grimes said that the Internet of Things is undoubtedly driving the transformation of companies and their products and services. Using the Internet of Things platform is quickly becoming the first choice for developing IoT solutions. PTC's traditional businesses are CAD and PLM products, but as early as 1998, PTC added Internet genes to PTC's PLM product attributes. So far, hundreds of IoT partners have chosen to use PTC's ThingWorx® Internet of Things platform to accelerate their IoT projects. These cooperative companies rely on the platform for effective product integration, enabling solution developers to use pre-integrated products, extension programs, etc. to simplify the customer experience, accelerate the time to market, and further reach a broader market.

Internet of Things and China become the focus of PTC's future development

Mr. Kerry Grimes introduced that PTC's global development and financial status are very good. The financial report shows that all of PTC's businesses are currently growing. Traditional businesses are growing at a single-digit rate, and the IoT business has been growing at a double-digit rate for several consecutive years. US financial analysts also have high expectations for PTC stocks.

In this regard, PTC has a rigorous development plan, and one of the key points for future development is the Internet of Things. Although PTC is still at the initial stage of development in the development of Internet of Things products, the revenue it brings is far less than the traditional CAD and PLM business. However, with the continuous development of the Internet of Things, its functions have given new life to PTC's traditional products, so PTC will seamlessly integrate traditional businesses with IoT business and continue to expand the ecosystem of IoT partners.

In addition, as the new president of PTC China, PTC’s US headquarters hopes that I will introduce the US’s powerful resources in R&D and partner ecosystems to China and achieve close cooperation with China’s partners.

Automotive and Intelligent Manufacturing IoT Personalization

In terms of smart manufacturing, Mr. Kerry Grimes mentioned that after introducing the concept of the Internet of Things, the entire PTC product, whether in the manufacturing process, the production line, or the embedded sensors, makes the entire product more easily manufactured, managed, and managed under the concept of the Internet of Things. service. For example, PTC's ThingWorx® IoT platform provides fast application support, connectivity, analytics and machine learning capabilities, augmented reality technology, and integration capabilities for major device clouds. Together, these capabilities together form a comprehensive IoT technology stack that enables companies to securely connect assets, rapidly develop applications, and open up new ways to capture and create value.

On the automotive side, PTC uses the Internet of Things technology to personalize the display screen on the car. For example, you can choose whether to display the oil meter on the left or on the right, which are all adjustable. You can also use PTC Augmented Reality technology to do some customization on the panel, etc. to achieve various possibilities.