PTC, OSIsoft to accelerate industrial internet of things solution development
PTC and OSIsoft announced their intention to integrate the ThingWorx Industrial Internet of Things (IoT) Platform with the OSIsoft PI System to enable faster development of IoT solutions from connected data sources. As planned, the integration would allow customers using the OSIsoft PI System data infrastructure to easily incorporate capabilities from ThingWorx—including application enablement, machine learning, industrial connectivity, and augmented reality—and access to applications on the ThingWorx Marketplace to more rapidly advance IoT initiatives and enable customers to expand and accelerate their return on investment.
The OSIsoft PI System is an application-ready data infrastructure that collects and contextualizes operational and product data for real-time insight. Bringing PI System data into an Industrial IoT platform like ThingWorx enables customers to get more value from the data, such as by establishing predictive analytics models to prevent unplanned downtime with predictive maintenance, building Industrial IoT applications that deliver real-time operational intelligence, and enhancing workforce efficiency through new augmented reality experiences.
In addition to the planned technology integration, OSIsoft and PTC expect to identify and pursue joint customer opportunities in operational settings—discrete manufacturing, hybrid manufacturing, oil and gas, utilities, and process manufacturing.
“Fundamental to success in the Industrial IoT space is not only the ability to aggregate and contextualize business and operational data in real-time, but also to have capabilities that allow for action and insights off of that data,” said Howard Heppelmann, divisional general manager, connected operations solutions, PTC. “As planned, the collaboration between OSIsoft and PTC would combine the comprehensive Industrial IoT capabilities of ThingWorx with rich PI System data sources to enable faster realization of more robust and advanced Industrial IoT solutions.”
“In the fast-changing world of the Industrial IoT, it’s critical that we continue to offer our customers the latest capabilities for them to maintain a competitive advantage and recognize business value,” said Martin Otterson, senior vice president of customer success, OSIsoft. “As planned, layering the ThingWorx platform over the PI System Data Infrastructure would extend the value that our customers can realize from the PI System. The powerful capabilities, market reach, and Industrial IoT leadership position of PTC make it an ideal partner for OSIsoft in the Industrial IoT landscape.”