Wondering what Rockwell Automation is going to net out of its $1B investment in PTC that also netted John Genovesi a major promotion within the company? I have been. And here is the first release.
The companies have launched FactoryTalk InnovationSuite, powered by PTC, a software suite that enables companies to “optimize their industrial operations and enhance productivity by providing decision makers with improved data and insights.” The new suite delivers visibility of operations and systems status from one source of information inside the organization. The collaborative offering is the first to integrate technologies from both companies following the strategic partnership announcement in June.
FactoryTalk InnovationSuite, powered by PTC, improves connectivity to operational technology (OT) devices on the plant floor, natively supporting the rapid, scalable, and secure connection of the most commonly used industrial equipment. Combined with data from information technology (IT) applications and systems, decision makers can now gain a complete digital representation of their industrial equipment, lines, and facilities from anywhere in the enterprise.
“Our offering is unique in its ability to improve how companies capitalize on the IIoT by combining expertise from industry, technology, and plant-floor professionals,” said John Genovesi, incoming senior vice president, Enterprise Accounts & Software, Rockwell Automation. “Now we’re bringing innovative solutions from PTC together with leading analytics and Manufacturing Operations Management (MOM) from Rockwell Automation for a differentiated industry solution.”
“We’re moving the needle on how leading-edge technology is applied in industrial environments,” said Catherine Kniker, Head of Strategic Alliances, PTC. “Manufacturers have seen digital technology rapidly change, but their execution continues to follow practices established for the legacy business. This bundled offering will help organizations accelerate time to value and reinvent how they compete by breaking down barriers across their operations through a comprehensive approach to operational intelligence.”
Included in this collaborative offering are the FactoryTalk Analytics and MOM platforms, as well as PTC’s ThingWorx Industrial IoT Platform, which includes industrial connectivity from Kepware, and the Vuforia augmented reality solution.
Key features of applications within the new collaborative offering include:
Intuitive, user-friendly interfaces that give users a view of the operations by combining data from multiple IT and OT sources and tailored to their role. An operations manager, for instance, can view overall performance of a facility, or multiple facilities, before researching the performance of specific equipment or factors impacting OEE.
Automated advanced analytics of IT and OT sources transform massive amounts of raw data into actionable or proactive information to improve performance and reduce the impact of downtime. Leveraging powerful artificial intelligence (AI) technology to simplify complex analytical processes, users can now proactively respond to issues ahead of any critical failures.
Augmented reality (AR) delivers more efficient and effective ways of looking at digital information within the physical world. AR enables more efficient training, wider knowledge sharing, and better first-time fix rates. Through the bundled offering, maintenance, for example, can receive digitized work instructions containing real-time performance and service history information so technicians can better diagnose and fix equipment correctly the first time.