Boston – June 10, 2019 – HCL Technologies (HCL), a leading global technology company, and PTC, an industry leader in augmented reality and IoT, today announced a pioneering Internet of Things (IoT) solution – Realtime Manufacturing Insights (RMI) – for the discrete manufacturing industry. The solution was launched at LIVEWORX 19, which is the definitive event for digital transformation for the enterprise and marketplace for solutions engineered for a smart, connected world.
RMI is a significant business enabler for Industry 4.0 manufacturing organizations that face a need to have near real-time visibility into the availability, performance, and quality of any given tool, equipment, or machine that is part of the manufacturing process. In addition, it provides enhanced insights, such as role-based visualization, drill-down functionality, alerts, trends, downtime, and data analytics.
“The Fourth Industrial Revolution has ushered the manufacturing industry into an era of mass customization, digital products and services, and higher efficiency. With RMI, we aim to support manufacturing companies in reducing downtime, inventory carrying costs, and maintenance costs by enabling real-time visibility and analysis into the manufacturing process, tools, and machines. This solution is a key addition to our robust portfolio that will help manufacturing organizations realize true business value from their IoT led transformation investments,” said Sukamal Banerjee, Corporate Vice President, and Head, IoT WoRKSTM, HCL Technologies.
RMI is a robust solution that leverages PTC’s ThingWorx® industrial IoT and Kepware® industrial connectivity platforms to deliver an interactive experience layer that enables manufacturing stakeholders to operate, manage, and decide based on near real-time data insights using the latest artificial intelligence and machine learning techniques. It provides real-time predictive visibility of processes, assets, materials, tools, and logistics equipment across the process chain that enable users to derive insights that enable them to increase productivity and reduce costs.
RMI integrates with more than 100 south-bound manufacturing protocols, and enables users to transform operational data into a fully configurable and customizable data structure that makes the solution extendable beyond operational information, such as energy data management.
“The industrial marketplace is at an inflection point where effectively leveraging disruptive digital technologies can alter the future competitive landscape,” said Howard Heppelmann, General Manager of Connected Operations Solutions, PTC. “We are thrilled to be collaborating with HCL to bring breakthrough service offerings to the market as we remain committed to guiding and supporting industrial enterprises through the realization of step-change improvements for a competitive marketplace advantage.”
PTC, ThingWorx, Kepware, LiveWorx, and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries.
About HCL Technologies
HCL Technologies (HCL) is a leading global technology company that helps global enterprises re–imagine and transform their businesses through Digital technology transformation. HCL operates out of 44 countries and has consolidated revenues of US$ 8.6 billion, for financial year ended 31st March, 2019. HCL focuses on providing an integrated portfolio of services underlined by its Mode 1–2–3 growth strategy. Mode 1 encompasses the core services in the areas of Applications, Infrastructure, BPO and Engineering & R&D services, leveraging DRYiCE™ Autonomics to transform clients' business and IT landscape, making them 'lean' and 'agile'. Mode 2 focuses on experience–centric and outcome–oriented integrated offerings of Digital & Analytics, IoT WoRKSTM, Cloud Native Services and Cybersecurity & GRC services to drive business outcomes and enable enterprise digitalization. Mode 3 strategy is ecosystem–driven, creating innovative IP–partnerships to build products and platforms business. HCL leverages its global network of integrated co-innovation labs and global delivery capabilities to provide holistic multi–service delivery in key industry verticals including Financial Services, Manufacturing, Telecommunications, Media, Publishing, Entertainment, Retail & CPG, Life Sciences & Healthcare, Oil & Gas, Energy & Utilities, Travel, Transportation & Logistics and Government. With 137,965 professionals from diverse nationalities, HCL focuses on creating real value for customers by taking 'Relationships Beyond the Contract'. For more information, please visit www.hcltech.com
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes’,’ strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, business process outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the Management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
For further details, please contact: