PR92679

BOSTON, Oct. 29, 2021 /PRNewswire=KYODO JBN/ --

-- New IIoT Offering from PTC Is a Self-Monitoring, Self-Measuring Tool for

Closed-Loop Problem Solving.

-- With the New Solution, Manufacturers Are Empowered with Visibility into

Current Performance, Analysis of Production Bottlenecks, and Outcome Validation

for Investments.

From the stage of the Manufacturing Live virtual event, PTC (https://c212.net/c/link/?t=0&l=en&o=3339461-1&h=1302285965&u=https%3A%2F%2Fwww.ptc.com%2F%3Futm_source%3Dthingworx-dpm%26utm_medium%3Dpressrelease%26utm_campaign%3Dthingworx&a=PTC)

(NASDAQ: PTC) today announced the immediate availability of the new

ThingWorx(R) Digital Performance Management Solution (https://c212.net/c/link/?t=0&l=en&o=3339461-1&h=500611266&u=http%3A%2F%2Fwww.ptc.com%2Fdigital-performance-management%3Futm_source%3Dthingworx-dpm%26utm_medium%3Dpressrelease%26utm_campaign%3Dthingworx&a=ThingWorx%C2%AE+Digital+Performance+Management+Solution) (DPM), a first-of-its-kind offering

that represents a significant advancement in manufacturing companies' ability to drive efficiency.

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Logo - https://mma.prnewswire.com/media/1313772/ptc_Logo.jpg  

DPM provides performance insights and enables real-time, closed-loop problem

solving.  It delivers one universal view of performance, communicated in an

understandable business metric: hours.  This metric is easily understood across

frontline workers, managers, and executives, and provides a foundation for an

enterprise-scale solution.  DPM supports investment accountability by

validating outcomes for transformational investments with real-time production

data and easy-to-calculate financial improvements.

"Manufacturers consider digital transformation (https://c212.net/c/link/?t=0&l=en&o=3339461-1&h=3359326541&u=https%3A%2F%2Fwww.ptc.com%2Fen%2Findustry-insights%2Fdigital-transformation%3Futm_source%3Dthingworx-dpm%26utm_medium%3Dpressrelease%26utm_campaign%3Dthingworx&a=digital+transformation) essential, yet often see only incremental improvements as opposed to

large-scale transformational improvements," said Craig Melrose, EVP, Digital

Transformation Solutions, PTC.  "PTC's new ThingWorx DPM Solution enables

companies to address the most valuable manufacturing improvements and solve

common challenges to drive manufacturing efficiency and transformation at

scale."

With DPM, companies can identify the right performance issues to drive

efficiency; empower frontline workers to take corrective action; gain

visibility into bottlenecks, root causes, and the most critical areas to focus

on for improvement; measure results with performance data to ensure actions

produce the desired outcomes; and achieve rapid time to value and scale, with

initial results in as little as 90 days.

"All our manufacturing clients, regardless of industry, face the constant

challenge of identifying and quickly eliminating production bottlenecks," said

Jerry Gootee, Global Advanced Manufacturing Sector Leader with Ernst & Young

(EY). "The market needs a scalable technology solution that can systematically

and dynamically identify production constraints, prioritize root causes,

recommend and manage corrective actions, and validate outcomes measured as new

production hours of capacity."

"The release of PTC's ThingWorx DPM Solution represents a significant milestone

in our IIoT business," said Jim Heppelmann, President & CEO, PTC.  "This

software marks the beginning of a new phase in PTC's IIoT growth strategy as we

evolve our positioning of ThingWorx as a suite of powerful enterprise solutions

that power significant enterprise efficiency to drive business value."

About PTC (NASDAQ: PTC)

PTC enables global manufacturers to realize double-digit impact with software

solutions that enable them to accelerate product and service innovation,

improve operational efficiency, and increase workforce productivity. In

combination with an extensive partner network, PTC provides customers

flexibility in how its technology can be deployed to drive digital

transformation – on premises, in the cloud, or via its pure SaaS platform. At

PTC, we don't just imagine a better world, we enable it.

PTC.com (https://c212.net/c/link/?t=0&l=en&o=3339461-1&h=1861901885&u=http%3A%2F%2Fwww.ptc.com%2F&a=PTC.com)        

@PTC (https://c212.net/c/link/?t=0&l=en&o=3339461-1&h=2205212793&u=http%3A%2F%2Ftwitter.com%2FPTC&a=%40PTC)

Blogs (https://c212.net/c/link/?t=0&l=en&o=3339461-1&h=1332298756&u=http%3A%2F%2Fwww.ptc.com%2Fblogs&a=Blogs)

Media Contacts  

PTC  

Corporate Communications  

Gabrielle Farrell  

gfarrell@ptc.com

PTC, ThingWorx, and the PTC logo are trademarks or registered trademarks of PTC

Inc. and/or its subsidiaries in the United States and other countries.

SOURCE  PTC Inc.