IT is moving into product development thanks to IoT says PTC

As manufacturing becomes more connected IT will embed itself in product development, PTC’s European lead Dr Rupert Deger said during the vendor’s Liveworx conference in Stuttgart this morning.

Deger's comments confirm upcoming changes to IT roles as businesses' adapt to new technology and improved connectivity.

While firms are beginning to connect devices and equipment on the factory floor to improve efficiency, some have advanced to connecting its products so it can monitor past the traditional product life-cycle. This could allow engineers to remotely monitor and fix faults as well as offer valuable customer information.

This level of connectivity has spurred changes in business models like Rolls-Royce, who moved from manufacturing jet engines to a jet engine service model.

Similarly, construction equipment manufacturer Caterpillar is moving toward a usage and maintenance model. It is installing Accenture telematics into equipment as well as diesel and natural gas engines, industrial gas turbines and diesel-electric trains.

To utilise predictive maintenance and to learn more about customers using the data that will be pulled off devices as they become more connected, IT will have to move into the product development space, Deger said.

PTC, which is known for engineering design, product lifecycle management, and service management software, confirmed its foray into the IoT space throughout its flagship European conference

But following its two latest acquisitions, former competitors ThingWorx and Axeda this year, the vendor is working on an IoT platform that it claims will offer a solution for companies hoping to reap the benefits of full connectivity across the shopfloor, surpassing product lifecycle (PLM).

Availability of an integrated Axeda and ThingWorx product is hoped for the end of 2015, its newly appointed IoT and service life-cycle management vice president, Rob Gremley, told ComputerworldUK.

Copyright © 2014 IDG Communications, Inc.

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