PTC today announced that privately-held BID Group Technologies, Ltd., a global leader in the forest products industry, will leverage PTC’s ThingWorx® Industrial Internet of Things platform to develop BID Group’s next generation predictive analytics product.
The digitally connected offering, “OPER8”, is being designed to enable lumber mills to maximize productivity, increase throughput, and improve overall reliability of the manufacturing process via real-time data analytics and a rich array of production reporting.
The BID Group, which has a long history of using state-of-the-art technologies to deliver industry-leading products and services, recognizes that the ability to converge the physical and digital worlds in a complex manufacturing process with ThingWorx is the next step in improving its customers’ competitiveness.
Chris Wells, senior vice president of service and sales, BID Group, said:
“Having a proven and market-leading IoT centric platform that can scale with the complex and high data input requirements of the lumber processing industry is central in transforming from a preventative, to a predictive approach to service and maintenance, and to driving unprecedented reliability on the equipment and systems.”
“Adding PTC’s ThingWorx platform to BID Group’s portfolio strengthens our ability to be more proactive and predictive in nature. This will enable us to provide our customers with real-time insights to increase their up-time.”
Purpose-built for industrial environments, ThingWorx is a complete, end-to-end solution platform that delivers the functionality, flexibility, and agility needed to develop, deploy, and extend IoT applications and augmented reality experiences. The award-winning platform contains a broad set of features, including multiple connectivity options, solution development tools, and analytics. With ThingWorx, industrial businesses can leverage pre-built solutions or create scalable and secure solutions of their own that can provide high levels of return on investment.
“We are excited about continuing our relationship with BID Group and collaborating on the next generation of IoT offerings to the forest industry,” said Iain Michel, general manager, ThingWorx, PTC. “With ThingWorx, customers like BID Group can improve efficiency, which can have a true and measurable impact to the bottom line of the customer. We look forward to working with BID Group to drive digital transformation in the lumber business.”