PTC announced the launch of its ThingWorx Digital Performance Management Solution (DPM), in India. A first-of-its-kind offering, PTC Inc. will focus on tapping India’s top 50 manufacturers across sectors such as automobile, refractories, steel, brass etc. and provide an enterprise-scale solution to advance their ability to drive operational efficiency.
This Industrial Internet of Things (IIOT) self-monitoring, self-Measuring tool for closed-loop problem solving, was launched globally in October 2021, at the Manufacturing Live virtual event at Boston. DPM provides performance insights and delivers one universal view of performance, communicated in an understandable business metric hours.
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.
“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.”
Dhirendra Kulkarni, Senior Director for Solution Consulting at PTC Inc., said: “The new DPM solution intends to achieve manufacturing excellence by identifying, prioritizing, and solving the biggest issues that constrain productivity. We believe the new solution can help Indian manufacturers to deliver a world-class product, and enable the organization to understand, solve and measure the effectiveness in terms of production time lost very easily.”
This solution is easily understood by 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.
PTC’s existing clients in India include manufacturing giants such as Bharat Forge, TRL-Krosaki Refractories, Hindalco, Lupin, Encube and many more with whom they are collaborating to help them adopt Industry 4.0 for operational excellence.