Has PTC “Ubered” the Automation Industry?

The Industrial Internet of Things (IIoT) is stirring up a lot of activity and innovation from a variety of automation providers, but perhaps the most unexpected participant is PTC, a company traditionally rooted in computer-aided design (CAD) and product lifecycle management (PLM) software. In December of 2013, PTC acquired ThingWorx, a provider of development tools and infrastructure for building and running Internet of Things (IoT) applications. The move complemented PTC’s global services business for helping manufacturers create and service smart, connected products, and it marked a strategic shift in PTC’s IoT focus, spurring even more interesting acquisitions and alliances: In August of 2014, PTC acquired Axeda, a developer of technology that securely connects machines and sensors to the cloud. In May of 2015, PTC announced it would acquire ColdLight, a…


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