PTC: Ensuring Operational Excellence With Increased Workforce

CIO Vendor Digital transformation solutions effectively handle challenges specific to the business segment as well as the industrial sector. The global digital transformation market size is expected to grow from USD 469.8 billion in 2020 to USD 1009.8 billion by 2025 at a compound annual growth rate of 16.5% during the forecast period. Major growth drivers of the digital transformation market are increasing penetration of mobile devices and app and the increasing adoption of cloud services. Amid COVID-19 pandemic cloud and internet technologies are keeping the world running. With social distancing in place businesses across sectors are working remotely, and people are completely dependent on online services for their essentials. To make this virtual world as real, efficient, and impactful as possible, the demand for robust cloud infrastructure is blooming.

PTC unleashes industrial innovation with market-proven solutions that enable companies to differentiate their products and services, improve operational excellence, and increase workforce productivity. Big Data and IOT go hand-in-hand, however, the vast number of smart, connected products and immense amount of data generation pose a serious challenge to manage. Developers are often the champion within their organization for new technology that they encounter. Being the voice for technology is a pain point. Augmented reality industrial training is an essential part of remaining competitive in the global manufacturing marketplace, particularly in light of growing skill gap. However, delivering that training internally, within the context of increasingly lean budgets, can be a significant challenge in itself. Implementing augmented reality industrial training should be a priority for manufacturers, as AR can have a dramatic effect on the major challenges discussed, with a substantial positive impact on the bottom line.

Furthermore, recognizing the herculean efforts of its customers, as they address challenges created by the COVID-19 pandemic. Around the world and across multiple industries, these organizations have adopted new and creative initiatives to address a variety of needs, including shortage of ventilators, personal protection equipment9ppe), and hand sanitizer. Moreover, PTC recognizes the work of its customers and partners across the industrial, aerospace, automotive, medical, and retail sectors including; Abbott Labs, creators of Abbott ID NOW COVID-19 test, the fastest available molecular point-of-care test for the detection of COVID-19. Ventilator Challenge UK, a consortium of leading industrial, technology, and engineering businesses from across the aerospace, automotive, and medical sectors teaming up to produce ventilators for hospitals across the U.K.
Delivering Quick Wins and Future Sustainability
PTC is surging ahead to authorize manufacturing companies to take on a digital transformation, implementing key technologies that deliver quick wins and lay the foundations for greater change further down the line. The key is to start small, prove the concept, and scale up. Immersive augmented reality (AR) content is helping manufacturing companies to close the industrial skill gap and respond to increased product complexity. Subsequently, IIoT –enabled analytics give manufacturing companies detailed, real-time insights into performance across the enterprise. This includes everything from asset health to workforce productivity and energy monitoring. A potent mixture of IIot-enabled real-time machine monitoring, predictive analytics and AR can all but eliminate it. Real-time machine monitoring delivers a constant feed of data for big data analysis, enabling manufacturing companies to identify the second an asset begins to perform out-of-spec so it can be scheduled for preventative maintenance at convenient time.

PTC unleashes industrial innovation with market-proven solutions that enable companies to differentiate their products and services, improve operational excellence, and increase workforce productivity

Over the shoulder AR assistance, where a remote expert shares the view of an on-site operative, complete with real-time metrics, this means many faults can be repaired by operatives themselves, without having to wait for a technician. The increased agility required by accelerating demand cycles can’t be matched by traditional processes. Granular analytics enable users to identify production bottlenecks, compliance issues, and quality variations so every area of production can be continually optimized. The key to this solution is scalability. The end goal is comprehensive automated data collection. But that can be started with one single troublesome area, acting as proof of concept before scaling up elsewhere.

PTC offers a portfolio of computer aided design (CAD) modeling, product lifecycle management (PLM) and service lifecycle management (SLM) solution for manufacturers to create, operate, and service products. In the forth coming years, PTC desires to stay align on its key technologies – CAD and PLM and also hold forth its portfolio. Acknowledged as an innovative technology connoisseur in the industry, PTC aims to present several upheaval areas of IoT, AR and digital transformation.