TMCnet News
No Longer Emerging: Industrial IoT and AR are Critical Business Investments for Organizations in 2018PTC (NASDAQ: PTC) today announced the release of its bi-annual "State of Industrial Innovation" research report series. Based on data gathered from PTC's customer base, the series provides a data-driven, objective view into the current state and future plans for the adoption of Industrial Internet of Things (IoT) and augmented reality (AR) technologies. Each report provides a glimpse into the industries driving adoption, the functions and use cases being deployed across the value chain, and the types of business value generated. "As the technologies and business models surrounding the Industrial IoT and AR continue to mature, there are sure to be sequential trends in adoption," said Mike Campbell, EVP, ThingWorx Platform, PTC. "PTC's combination of market experience and access to an extensive volume of adoption data enable a truly comprehensive view of the state of these rapidly evolving markets." As cited in "The State of the Industrial Internet of Things" and "The State of Industrial Augmented Reality" reports, Industrial IoT and AR are no longer just emerging technologies to watch. Investing in these technologies has become the critical strategy for many organizations in 2018, particularly those in industries that have complex manufacturing and operational processes. Of PTC customers that have adopted Industrial IoT or AR technologies, 83 percent using Industrial IoT and 85 percent using AR had already transitioned, or plan to transition, their deployments to full-scale production environments within the next 12 months. Highlights from the reports include:
The State of the Industrial Internet of Tings 2. The economic potential of the Industrial IoT has garnered the attention of the international communities and led to global initiatives aimed at fostering the growth of Industrial IoT worldwide. 3. A majority of applications in use today apply to manufacturing and operations (48 percent), where the data collected can be used to refine processes, predict maintenance requirements, and increase overall operational effectiveness. 4. The Industrial IoT is no longer an emerging technology - it has arrived. Industrial IoT deployments are in production today, across functions from product development through manufacturing and service.
The State of Industrial Augmented Reality To learn more about how the Industrial IoT and AR are impacting industries, download both "The State of the Industrial Internet of Things" and "The State of Industrial Augmented Reality" reports. Additional Resources
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