Iot Use Cases:: Start Your Connected Journey Here
Iot Use Cases:: Start Your Connected Journey Here
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IoT Use Cases: Start Your Connected Journey Here
James E. Heppelmann
President and Chief Executive Officer, PTC Inc.
If you are in the business of creating, operating or servicing things you have At PTC, we agree the IoT opportunity is transformative. In fact, we acquired
likely seen a barrage of “billions and trillions” reports recently describing the the leading IoT technologies, ThingWorx, Axeda and Coldlight, to deliver
impact of the Internet of Things (IoT) on your business. the world’s first complete and purpose built IoT Platform. The combination
delivers a disruptive suite of technology that enables companies to securely
Cisco predicts we’ll see as many as 50 billion “things” connected to the Internet by connect smart things, manage and analyze data, quickly create applications,
the end of this decade. That’s a four-fold increase in just six years. and ultimately transform their business.
GE estimates that the Industrial Internet has the potential to add $10 to $15 trillion However, in order to create real business value in a smart, connected world,
to global GDP over the next 20 years. we need to shift our focus away from these “billions and trillions” reports and
identify the specific IoT use cases that enable each organizational function to
McKinsey Global Institute predicts the IoT will generate as much as $6.2 trillion in transform their business processes and improve operational effectiveness or
global economic value over the next ten years. That’s about ten times as much create strategic differentiation.
economic value as will be created by 3D printing, another transformative trend.
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IoT Use Cases: Start Your Connected Journey Here
While some organizations have started to create tremendous value from the (40%) of those Discrete Manufacturers and only about half (55%) of those
IoT, data shows that the majority of organizations are still struggling to get Process Manufacturers have even begun a pilot. Why the delay? We have
started. IDC research found that while 66% of Discrete Manufacturers and 67% identified four challenges that slow the progress in creating and capturing
of Process Manufacturers are actively pursuing IoT initiatives, less than half IoT opportunities.
Discrete manufacturers pursuing IoT initiatives Process manufacturers pursuing IoT initiatives
66% 67%
Discrete Manufacturers Discrete Manufacturers
are actively pursuing are actively pursuing
IoT initiatives... IoT initiatives...
but only 40% of those but only 55% of those
have even begun a pilot have even begun a pilot
Organizations that struggle to Organizations that define their Organizations that are only explor- Organizations that have not linked their
define and prioritize IoT use cases strategy based on technical capa- ing IoT in one business function, and IoT initiatives with corporate value driv-
and develop a business case to bilities instead of a clear value have not evangelized the opportu- ers, such as reducing costs or enabling
fund initial investment. proposition and monetization plan. nity across the organization. new revenue streams.
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IoT Use Cases: Start Your Connected Journey Here
To help overcome these challenges we have developed the IoT Value Roadmap, a guide to help organizations create business value in a smart, connected world.
The IoT Value Roadmap defines the top 26 IoT use cases based on hundreds of customer interactions, and organizes them by the business
function or stakeholder they benefit.
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IoT Use Cases: Start Your Connected Journey Here
Flexible Billing and Pricing Models – Integrate product usage and perfor-
mance data to enable usage, performance, or outcome based pricing and
subscription models that create disruptive business models, and increase
value captured and market penetration opportunities.
New Value Added Services – Aggregate data from products across the
installed base and combine it with domain expertise to provide information,
advisory, and managed services that enhance your customer’s operation of All Traffic Solutions is the leader in radar speed displays and variable
the product or understanding of their business. message signs designed to improve traffic safety outcomes.
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IoT Use Cases: Start Your Connected Journey Here
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IoT Use Cases: Start Your Connected Journey Here
Asset and Material Tracking – Easily locate and monitor key assets (e.g. raw
materials, final products, and containers) to optimize logistics, maintain
inventory levels, prevent quality issues, and detect theft.
Real-Time Asset Health Monitoring – Minimize downtime and avoid potential ATI Specialty Materials selected ThingWorx as the manufacturing
equipment failures by enabling detailed monitoring of critical equipment enterprise platform for rapidly delivering innovative applications to
condition and operating parameters to automatically trigger alerts and drive operational intelligence and decision support. ThingWorx pro-
proactively initiate response from maintenance teams or OEM service vides a real-time layer that connects with their manufacturing, quality,
networks when problems are detected. maintenance, and ERP systems and allows them to rapidly create role
based decision support “dashboards” and interactive applications.
Operations Management Improvements – Quickly improve how complex
processes are monitored, managed, and optimized, and accelerate smart
factory and Industry 4.0 initiatives, by extending existing equipment and
ERP/MES systems with connectivity, interoperability, mobility, and crowd
sourced intelligence.
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IoT Use Cases: Start Your Connected Journey Here
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IoT Use Cases: Start Your Connected Journey Here
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IoT Use Cases: Start Your Connected Journey Here
a year faster with functionality that far exceeded what OnFarm utilizes the ThingWorx technology platform to combine real-
time sensor data from soil moisture, weather, pesticide usage, alerts
would have been possible. Because we choose Thing- and notices, and growing conditions from farming sites into a consoli-
dated web-based dashboard designed specifically for growers. Growers
Worx, we were able to focus on developing function- can also take advantage of advanced imaging and GIS mapping informa-
tion to spot crop issues and visualize where farming assets are located.
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IoT Use Cases: Start Your Connected Journey Here
To accelerate your IoT strategy, start by gathering the leaders across Contact PTC to request a printed copy and guided tour of the IoT Value
organizational functions into an innovation workshop. Use this half-day Roadmap or to lead an Innovation Workshop at your company.
workshop to help your leadership and management team learn about IoT
concepts, review how other companies are using the IoT to create value Start your connected journey here.
for themselves and their customers, and brainstorm IoT opportunities that
could create value across your company.
© 2015, PTC Inc. All rights reserved. Information described herein is furnished for informational use only, is subject to change without notice, and should not be taken as a guarantee, commitment,
condition or offer by PTC. PTC, the PTC logo, Product & Service Advantage, Creo, Elements/Direct, Windchill, Mathcad, Arbortext, PTC Integrity, Servigistics, ThingWorx, ProductCloud and all other
PTC product names and logos are trademarks or registered trademarks of PTC and/or its subsidiaries in the United States and other countries. All other product or company names are property of
their respective owners.
J5601–IoT-Use-Case–EN–0515
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