PTC and Schaeffler announce new strategic alliance to accelerate digital transformation roadmap

31st January 2022- PTC and Schaeffler have announced a new alliance that will see the global automotive and industrial supplier standardise PTC solutions to deploy an integrated, end-to-end IT landscape.

Schaeffler, which has UK bases in Birmingham, Hereford and Sheffield, will also inform the internet of things specialist in its efforts to further develop and evolve market-specific standard solutions to better meet the needs of automotive and industrial companies.

The agreement will build on the successful twenty-year relationship based on the use of CAD and PLM technology. These tools are essential for the introduction and further development of Schaeffler’s initiatives for digital twins and for visualisation of 3D models, potentially used in augmented reality projects.

“The alliance with PTC is yet another milestone in our digitisation strategy within Roadmap 2025,” says Uwe Wagner, chief technology officer at Schaeffler AG.

“End-to-end data models, 3D data, and digital twins are already elementary components of our research and development process. The increasing complexity requires consistent IT solutions in all development areas for more innovation, agility, and efficiency. To achieve these, it is crucial for us to work with strong partners like PTC.”

Schaeffler plans to leverage PTC’s experience and robust end-to-end solutions to move from a customised engineering IT environment to using standard applications across the enterprise. This will enable prompt responses to rapidly changing requirements in a dynamic, competitive environment.

The partnership will focus on the optimisation of the existing environment, as well as its expansion with projects, such as Schaeffler’s Enterprise Traceability or Model-Based Enterprise and the deeper integration of software development tools.

The goal is company-wide integration of the software and system development solutions (Application Lifecycle Management and Model-Based Systems Engineering), which will also enable improvement in the mapping of critical systems engineering requirements, including the fulfilment of varying country-specific safety regulations.

Jim Heppelmann, president and CEO of PTC, concluds, “Through our work with Schaeffler, we aim to advance and further develop market-specific digital transformation solutions. Both companies will benefit from more robust collaboration.”

Comment on this article below or via Twitter: @IoTNow_OR @jcIoTnow

RECENT ARTICLES

Sign-Up For Your Premier One-Stop Guide to the EV Landscape in 2022

Posted on: December 1, 2022

The race is on to establish the market leaders across various verticals in the Electric Vehicle industry, including the vehicles themselves, charging stations, third-party service providers, and the supporting infrastructure. This in-depth EV market guide and report by IoT Now explores all these trends to help determine the roadmap for the current state as well

Read more

Axiomtek launches compact DIN-rail IIOT gateway for data driven energy

Posted on: November 30, 2022

Axiomtek, a world-renowned specialist relentlessly devoted in the research, development, and manufacture of series of innovative and reliable industrial computer products of high efficiency is pleased to announce the ICO120-E3350, an extremely compact industrial IoT gateway powered by the Intel Celeron processor N3350 (codename: Apollo Lake-M). The ruggedised designs feature fanless operation, -40°C to 70°C

Read more
FEATURED IoT STORIES

The IoT Adoption Boom – Everything You Need to Know

Posted on: September 28, 2022

In an age when we seem to go through technology boom after technology boom, it’s hard to imagine one sticking out. However, IoT adoption, or the Internet of Things adoption, is leading the charge to dominate the next decade’s discussion around business IT. Below, we’ll discuss the current boom, what’s driving it, where it’s going,

Read more

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more