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HCL Technologies and PTC showcase RMI solution at LIVEWORX 19

Posted On: 2019-06-10 21:35:02

HCL Technologies (RCL), 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 rolebased 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 Read, IoT W0RKSTM, 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, Live Worx, and the PTC logo are trademarks or registered trademarks of PTC Inc. and/or its subsidiaries in the United States and other countries.

Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.1091.8 as compared to the previous close of Rs. 1079.15. The total number of shares traded during the day was 79096 in over 1753 trades.

The stock hit an intraday high of Rs. 1101.75 and intraday low of 1080.15. The net turnover during the day was Rs. 86581945.

Source: Equity Bulls

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