PTC Earns Top Score, Ranking Above GE, ABB, and Siemens, and Continues Impressive Run of Industry Recognition.
PTC today announced its ThingWorx® Industrial Innovation Platform was ranked as the top smart manufacturing platform in ABI Research’s “Smart Manufacturing Platform Competitive Assessment.”
Platforms from 11 major vendors were analyzed by criteria such as innovation and implementation, including each firm’s overall business model, partnerships, product functionality, and system integration capabilities. ThingWorx received top scores in overall innovation, including its compelling use of augmented reality (AR) and tied for the top spot in its digital twin functionality and protocol adaptability and device connectivity.
“Industrial companies choose PTC to capitalize on the transformative value of the IoT, elevating their position in the competitive market and achieving the full potential of a smart, connected business,” said Jim Heppelmann, president and CEO, PTC. “We are honored by this accolade from ABI Research that recognizes our innovation and positions PTC as the industry leader. With the ongoing support from customers and our strategic partnership with Rockwell Automation, PTC will continue to deliver on our commitment to the industrial space.”
Additionally, PTC’s ThingWorx was rated the overall leading platform with advanced innovative initiatives across transformative technologies. ThingWorx is comprised of a rapid application development platform, advanced analytics, connectivity, machine learning, augmented reality, and integration with leading device clouds. Together, these beginning-to-end capabilities enable users to create revolutionary applications and services to achieve IoT-driven business transformation and support digital initiatives across various industries.
Pierce Owen, principal analyst, Smart Manufacturing, ABI Research, said:
“PTC’s innovation in areas such as augmented reality, protocol adaptability and connectivity, and digital twin capabilities solidified the company’s spot as the industry leader.”
“Assessed by implementation and innovation, ABI Research recognizes PTC’s capability to advance industrial transformation and revolutionize the industry.”