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PTC and EY have formed a strategic alliance to facilitate industry innovation and promote adoption of Internet of Things (IoT) business models using the ThingWorx® industrial IoT platform from PTC. With this alliance, PTC and EY will co-create IoT solutions, based on the ThingWorx platform, to enable manufacturers to improve end-to-end product lifecycle management (PLM), including such functions as requirements management, product design, production, operations, and service. These solutions are expected to be offered to a wide range of industries.
PTC and EY are long-time collaborators, having successfully completed a variety of IoT and PLM solution projects. As part of PTC’s global ecosystem, EY will have access to PTC platforms and solutions, which will serve to support its extensive experience in supply chain and operations, IoT and Industrie 4.0, product lifecycle management, data analysis, cybersecurity, and business transformation.
“Most companies lose contact with their products once they have left the factory floor,” said Dr. Christoph Kilger, EY advisory partner. “However, one must think in terms of a holistic process where operational data is collected to improve the product and maximize customer value. PTC’s IoT solutions enable end-to-end lifecycle management in an easy and user-friendly way. EY will contribute its knowledge and skills to help companies create smart manufacturing systems that enable them to adopt new business models and optimize current systems and processes.”
“Expanding our global ecosystem to include renowned advisors like EY is one of the most effective ways PTC can bring its technology to a broad range of new customers and industries,” said Catherine Kniker, chief revenue officer, platform group, PTC. “With its bandwidth and vast services portfolio, EY is an important collaborator as we continue to focus on developing and marketing innovative IoT solutions.”
Additional Resources
ThingWorx Industrial IoT Platform
Harvard Business Review: "How Smart, Connected Products are Transforming Companies," authors PTC CEO Jim Heppelmann and Harvard Professor Michael Porter
About the global EY organization
The global EY organization (ey.com) is a leader in assurance, tax, transaction, legal and advisory services. We leverage our experience, knowledge and services to help build trust and confidence in the financial markets and in economies all over the world. We are ideally equipped for this task with well-trained employees, strong teams, excellent services and outstanding client relations. Our global mission is to drive progress and make a difference by building a better working world for our people, for our clients and for our communities.
The global EY organization refers to all member firms of Ernst & Young Global Limited (EYG). Each EYG member firm is a separate legal entity and has no liability for another such entity’s acts or omissions. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
EY’s organization is represented in Germany by Ernst & Young GmbH, Stuttgart, with 21 offices across Germany. EY or “we” refers to all German member firms of Ernst & Young Global Limited (EYG), a UK private company limited by guarantee. Each EYG member firm is a separate legal entity and has no liability for another such entity's acts or omissions.
About PTC
PTC (PTC.com) has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design, and in 1998 were first to market with Internet-based PLM. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way you create, operate, and service products. With PTC, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.
The timing of any product release, including any features or functionality, is subject to change at PTC’s discretion.
PTC, ThingWorx, 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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