ThingWorx a PTC Technology, provides the leading Internet of Things (IoT) application platform and development tools with the most advanced cloud-based service and software for managing connected products and machines. Combining ThingWorx and Axeda Machine Cloud technology allows companies to reduce application development efforts, minimizing cost, risk, complexity and time to market so they can quickly build and deploy IoT applications to optimize business processes and create new business models.
“According to industry benchmarks, in North America, the cost of unplanned downtime to automobile OEMs is $1.3M per hour. That’s $361 per second. If it takes a 3 minute phone call to report an issue, you can lose $70,000 just to tell someone you have a problem.”
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