PTC sees growth opportunity in industrial IoT, AR spaces

LN Revathy Coimbatore | Updated on March 07, 2018

Organisations around the world and quite a few in and around this region have embraced industrial Internet of Things (IOT) and augmented reality, says Kalyan Sridhar, Vice-President and Country Manager, PTC India.

“We at PTC are helping manufacturers make sense of the explosion of information around industrial internet, Industry 4.0 and other M2M (Machine-to-Machine) business models,” he adds.

PTC registered triple-digit growth in IoT last year compared with the rest of its business, which recorded double-digit growth, Sridhar told BusinessLine. “We are building an ecosystem of partners who in turn can build solutions around IoT and AR. It will be a small but strong ecosystem, with a focus on value-based offerings rather than looking at volumes.

“We have launched most of our models on the cloud. Last year, more than 50 per cent of our revenues was from cloud-based subscription.”

PTC is now looking at establishing Centres of Excellence with IoT at the core.

“We are looking to tie up with engineering colleges to locally generate skills as well as build on local hires. The talent pool is available here and the market potential is huge.”

While Sridhar preferred not to name the (Coimbatore-based) company with which PTC inked a significant deal in January, he said: “Coimbatore is an important market for us. Quite a few companies here have taken the first step towards embracing IoT and Industry 4.0. The indications seem positive at this juncture.”

The company, in association with Infosys, recently launched a CoE at the Infosys campus in Bengaluru, mainly to focus on solutions for brownfield and greenfield industrial set-ups.

Published on March 07, 2018

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