L&T, PTC boosts IoT industry with 'Industry 4.0'

For boosting Industrial Internet of Things (IoT) in the nation, Larsen and Toubro subsidiary L&T Technology Services Limited (LTTS) and US-based computer software company PTC recently unveiled a Centre of Excellence (CoE) in Bengaluru.

The centre, also termed as 'Industry 4.0', will demonstrate digital transformations for companies globally.

Amit Chadha, President (Sales and Business Development) LTTS, in a statement said,

"This CoE will be a valuable way to show new and existing customers the potential for their digital transformations."

The CoE will focus primarily on application lifecycle management (ALM), product lifecycle management (PLM), service lifecycle management (SLM), manufacturing operations management (MOM) and connected manufacturing.

"To maximise the potential of the space, we needed proven technology and PTC was the clear choice with its established solution offerings and robust Industrial IoT platform that complement our unique offerings in Digital PLM," Chadha added.

The centre will demonstrate digital twin models, situational awareness to improve plant productivity using PTC's ThingWorx platform, and Digital PLM services that can improve the productivity of field engineers through dynamic updates of service data.

"Combining LTTS' knowledge of building and implementing technology solutions with PTC's leading technology offerings will help customers understand how they can transform their businesses and accelerate their time to value," added Catherine Kniker, Chief Revenue Officer (Platform Business) PTC.