Internet of Things Strategic alliance between PTC and Schaeffler to accelerate digital transformation roadmap

Source: Press release

UK — PTC and Schaeffler have announced a new alliance that will see the global automotive and industrial supplier standardise PTC solutions to deploy an integrated, end-to-end IT landscape.

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Through its work with Schaeffler, PTC aims to advance and further develop market-specific digital transformation solutions.
Through its work with Schaeffler, PTC aims to advance and further develop market-specific digital transformation solutions.
(Source: PTC)

Automotive supplier Schaeffler, which has UK bases in Birmingham, Hereford and Sheffield, cooperates with IoT specialist PTC. Within the framework of the alliance, the company will also involve the new partner in its efforts to further develop and evolve market-specific standard solutions to better meet the needs of automotive and industrial companies.

The agreement is built on a twenty-year relationship based on the use of CAD and PLM technology. These tools are essential for the introduction and further development of the supplier’s initiatives for digital twins and for visualisation of 3D models, potentially used in augmented reality projects.

Uwe Wagner, Chief Technology Officer at Schaeffler: “End-to-end data models, 3D data, and digital twins are already elementary components of our research and development process. The increasing complexity requires consistent IT solutions in all development areas for more innovation, agility, and efficiency. To achieve these, it is crucial for us to work with strong partners like PTC.”

Schaeffler plans to leverage PTC's experience and robust end-to-end solutions to move from a customised engineering IT environment to using standard applications across the enterprise. This will enable prompt responses to rapidly changing requirements in a dynamic, competitive environment.

The partnership will focus on the optimisation of the existing environment, as well as its expansion with projects, such as Schaeffler’s Enterprise Traceability or Model-Based Enterprise and the deeper integration of software development tools. The goal is company-wide integration of the software and system development solutions (Application Lifecycle Management and Model-Based Systems Engineering), which will also enable improvement in the mapping of critical systems engineering requirements, including the fulfilment of varying country-specific safety regulations.

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