HCL Technologies and PTC unveil Real-time Manufacturing Insight solution

HCL Technologies (HCL) and PTC, a provider of Augmented Reality and IoT, announced an Internet of Things (IoT) solution – Real-time 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 ThingWorxâ industrial IoT and Kepwareâ 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 enables 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.