New IoT Analytics Tool Provides Simple Interface to Create and Manage Advanced Analytics within ThingWorx-powered Solutions.
PTC today announced the availability of ThingWorx® Analytics Builder, the latest component of its ThingWorx® Internet of Things (IoT) platform.
ThingWorx Analytics Builder is an interactive user interface for creating and managing advanced analytic models for use in ThingWorx-powered solutions. With the addition of ThingWorx Analytics Builder, PTC further enhances its leading IoT analytics capabilities through the ThingWorx platform.
ThingWorx Analytics Builder is a part of and complements the already robust capabilities of ThingWorx Analytics. The product helps convert complex data readings from connected products and services into simple-to-understand information via a user-friendly interface. ThingWorx Analytics Builder simplifies the advanced analytics process, helping solution developers interpret information faster and save valuable time for other parts of the data analysis process.
“Implementing a comprehensive analytics operation should be at the top of the priority list for any company pursuing an IoT strategy,” said Ryan Caplan, general manager, ThingWorx Analytics.
“ThingWorx takes the complexity out of the analytics process, and now with ThingWorx Analytics Builder, it’s easier and faster to realize the true value of IoT – understanding the data.”
Interest in IoT analytics capabilities is expected to increase as the number of connected devices continues to grow. According to Gartner, the market for connected devices will grow to surpass 20 billion things by 2020. These connected products will emit billions of operational and situational data points that, when harnessed and interpreted correctly, enable a company to optimize products, enhance product performance, improve customer satisfaction, and save valuable time and money.