PTC report

In these days of Artificial Intelligence (AI), Analytics, Augmented Reality (AR), Digital Twins, Edge Processing, Hybrid Clouds, and so on — all of which are part of the IoT conversation — many companies, including OEMs that manufacture machines and other high value assets, have yet to offer connected versions of their products.

IoT has the potential to transform companies from simply being product manufacturers, to becoming service providers but a sizeable investment in a new way of working needs to be cost effective and proven to deliver results. Relying on loose concepts won’t ensure success. Plus, every company will have different pain points and business needs for