Data Projects the IoT Device Management Market is Set to Grow Rapidly
October 29, 2018 | PRNewswireEstimated reading time: 7 minutes
PTC Inc. helps companies around the world reinvent the way they design, manufacture, operate, and service products in and for a smart, connected world. PTC recently announced that China International Marine Containers (Group) Ltd. (CIMC), a world leading supplier of logistics and energy equipment, successfully launched its smart manufacturing pilot project, 'IoT + MES,' built on PTC's ThingWorx®Industrial Innovation Platform. Echoing the concept of 'Made in China 2025' and efforts to promote the deep integration of the Internet, big data, artificial intelligence, and the real economy, CIMC has been committed to innovation and promoting the development of smart manufacturing. Its subsidiary, Qingdao CIMC Reefer Container Manufacture Co., Ltd (QCRC), took the lead in piloting the integration of IoT and Manufacturing Execution Systems (MES). "We are excited to see a leading organization like CIMC utilize PTC's ThingWorx platform to truly embrace the industrial IoT for smart manufacturing and digital transformation," said Jerry Liu, DVP and President of Greater China, PTC. "We believe the successful launch of this pilot project will accelerate CIMC's informatization development, facilitate its digital transformation, and promote the development of smart manufacturing in the Chinese market."
Altair Engineering Inc. transforms design and decision making by applying simulation, machine learning and optimization throughout product lifecycles. Altair recently announced that it has acquired all of the intellectual property assets of California-based CANDI Controls, Inc. and hired CANDI's experienced software and technology team into Altair's IoT organization to strengthen and expand the scope of its Carriots™ solution offering. Founded in 2009 with significant start-up capital, CANDI developed a modern platform which supports multiple data protocols for edge gateway computers to communicate with a constellation of IoT devices. CANDI also developed several relationships with important players in the IoT market including Google, Microsoft, and Intel. "Altair's vision is for digital twin simulation and predictive/prescriptive analytics solutions to run in the cloud or on edge gateway computers to optimize performance of both industrial equipment and consumer devices," said James Scapa, Founder, Chairman, and Chief Executive Officer at Altair. "We believe this acquisition is important to help our customers' digital transformation and enable their products to thrive in today's rapidly emerging connected ecosystems of smart devices."
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