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PTC, EPAM develop IoT soln's for industry verticals

Posted: 17 May 2016 ?? ?Print Version ?Bookmark and Share

Keywords:PTC? IoT? EPAM? ThingWorx?

PTC has revealed that EPAM Systems Inc. will combine its extensive engineering and integration capabilities with PTC's ThingWorx Internet of Things (IoT) platform to develop and provide IoT solutions for a number of key verticals such as financial services, life sciences and healthcare, and retail and distribution.

The rapid increase of IoT devices and the rise of data generated by these devices have led many businesses to look for solution providers that can provide cost-effective and easily adaptable IoT applications to fit their specific needs. ThingWorx and EPAM are partnering to develop vertical-focused IoT solutions for end customers in the areas of product development, data, and analytics. ThingWorx's open IoT platform and rapid application development capabilities will be used by EPAM to complement its full end-to-end IoT service capabilities, from industrial design and low-level programming of connected devices to infrastructure, middleware, and integration capabilities.

"Innovative service and engineering companies like EPAM understand that every business could be an IoT business and, as such, are using ThingWorx technology to create new growth opportunities that pave the way for the next generation of industrial products," said Rob Gremley, president, Technology Platform Group, PTC.

"As a part of our evolving IoT service practice, EPAM is investing in a blueprinted approach to enabling machine-to-machine transactions through a robust architecture and real-time data processing," said Eli Feldman, CTO, Advanced Technology, EPAM. "Partnering with PTC and leveraging ThingWorx allow us to better enable our clients to improve their time to value on IoT investments."





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