PTC and ANSYS to Develop Platform Solution Enabling Digital Simulation for the Industrial Internet of Things
18 May 2017 - 5:00AM
Business Wire
Solution Builders to Execute Simulation Models
for Industrial IoT Applications
PTC (NASDAQ: PTC) and ANSYS (NASDAQ: ANSS) today announced a
solution that will enable ANSYS engineering simulation technology
to be rapidly added to applications built on the ThingWorx®
Industrial Internet of Things (IoT) platform from PTC. The
development of a connector between these two technology platforms
will enable customers to transform raw data into new forms of
actionable intelligence. The connector will integrate intelligent
digital simulation models with products as they exist and operate
in the real world. This will open up new opportunities for
companies to create value by enabling them to optimize operations
and maintenance and to integrate them into their product
development processes.
Simulation helps companies understand situations that may occur
– such as a product failure – as early as the design phase. When
faced with limited access to rich historical data, companies can
leverage simulation models to generate an initial “as designed” set
of expected outcomes or product performance. The results of these
simulations act as a rich source of data that can be used for
supervised machine learning and predictive modeling. The ongoing
connection between real-world performance, simulation, and machine
learning helps companies make sense of data that can lead to
predictive models and a more insightful feedback loop, enabling
them to improve product design and modeling.
The IoT is making it possible to create a digital twin that
combines real-time data about a physical product with the
organization’s digital information about the product. Simulating
digital twins provides advanced intelligence and insight into a
product’s behaviors. The combination of the ThingWorx platform
capabilities with ANSYS simulation models will enable companies to
deploy powerful applications that can analyze current operating
conditions, rapidly identify and diagnose operations issues,
predict future operating conditions, and improve product
performance. PTC and ANSYS will make the capabilities of this
solution available within IoT applications developed on
ThingWorx.
“Obtaining value from the data generated by connected products
is one of the primary reasons companies invest in the Industrial
IoT,” said Catherine Kniker, chief revenue officer, Platform
Business, PTC. “Simulation technology combined with machine
learning can help Industrial IoT solution builders identify and
make sense of the data needed to improve product design and
performance – and develop next-generation products. We look forward
to seeing how solution builders will create new value by
introducing our solution with ANSYS, a preferred simulation
partner, into their applications.”
“Many of our customers are looking to digital twins to disrupt
their industries by drastically lowering their operating and
maintenance costs and by marketing their products as optimized
services in real time,” said Eric Bantegnie, ANSYS general manager.
“By leveraging the solution that ANSYS and PTC will bring to the
market, our customers will bring powerful capabilities to new
Industrial IoT applications. We look forward to demonstrating the
value of this solution at LiveWorx17.”
ANSYS is an elite sponsor at LiveWorx17. To see a demonstration
of the simulation and machine learning joint solution, as well as
ANSYS’s broader Industrial IoT portfolio, please visit booth 345 on
the Xtropolis show floor.
The timing of any product release, including any features or
functionality, is subject to change at PTC’s discretion.
Additional Resources
- Harvard Business Review: “How Smart,
Connected Products are Transforming Companies,” authors PTC CEO Jim
Heppelmann and Harvard Professor Michael Porter
- ThingWorx Industrial IoT Platform
- ANSYS – Simulation Driven Product
Development
About ANSYS, Inc.If you’ve ever seen a rocket launch,
flown on an airplane, driven a car, used a computer, touched a
mobile device, crossed a bridge, or put on wearable technology,
chances are you’ve used a product where ANSYS software played a
critical role in its creation. ANSYS is the global leader in
engineering simulation. We help the world’s most innovative
companies deliver radically better products to their customers. By
offering the best and broadest portfolio of engineering simulation
software, we help them solve the most complex design challenges and
create products limited only by imagination. Founded in 1970, ANSYS
employs thousands of professionals, many of whom are expert M.S.
and Ph.D.-level engineers in finite element analysis, computational
fluid dynamics, electronics, semiconductors, embedded software and
design optimization. Headquartered south of Pittsburgh,
Pennsylvania, U.S.A., ANSYS has more than 75 strategic sales
locations throughout the world with a network of channel partners
in 40+ countries. Visit www.ansys.com for more information.
To join the simulation conversation, please visit:
www.ansys.com/Social@ANSYS
About PTC (NASDAQ: PTC)PTC has the most robust Internet
of Things technology in the world. In 1986 we revolutionized
digital 3D design, and in 1998 were first to market with
Internet-based PLM. Now our leading IoT and AR platform and
field-proven solutions bring together the physical and digital
worlds to reinvent the way you create, operate, and service
products. With PTC, global manufacturers and an ecosystem of
partners and developers can capitalize on the promise of the IoT
today and drive the future of innovation.
PTC.com @PTC Blogs
PTC, ThingWorx, and the PTC logo are trademarks or registered
trademarks of PTC Inc. or its subsidiaries in the United States and
other countries.
ANSYS and any and all ANSYS, Inc. brand, product, service and
feature names, logos and slogans are registered trademarks or
trademarks of ANSYS, Inc. or its subsidiaries in the United States
or other countries. All other brand, product, service and feature
names or trademarks are the property of their respective
owners.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170517006166/en/
PTCJack McAvoy, 781-370-6143Corporate
Communicationsjmcavoy@ptc.comorFleishmanHillardSara Steindorf,
314-982-1725sara.steindorf@fleishman.comorANSYSAmy Pietzak,
724-820-4367Corporate Communicationsamy.pietzak@ansys.com
ANSYS (NASDAQ:ANSS)
Historical Stock Chart
From Apr 2024 to May 2024
ANSYS (NASDAQ:ANSS)
Historical Stock Chart
From May 2023 to May 2024