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News roundup: PTC to acquire IoT vendor Axeda

In this week's news, PTC acquired Axeda, IDC reported on the state of Big Data adoption, and Oracle expanded its mobile applications portfolio.

PTC announces Axeda acquisition

PTC Inc., a provider of design, service lifecycle management and product lifecycle management software, announced its plans to acquire Internet of Things (IoT) technology vendor Axeda this week. According to the press release, the acquisition is part of PTC's long-term strategy to expand its connected device and closed loop lifecycle management product portfolios. The acquisition is expected to be completed by the end of fiscal Q4 of 2014.

"The world we live in is changing around us, and the pace of that change is accelerating as more and more machines, sensors, and products connect via the Internet to their makers, to their operators, and to each other," said PTC president and CEO Jim Heppelmann. "In recent years, products have become tremendous sources of intelligence as they have been increasingly instrumented with sensors. Until now, manufacturers have been constrained in their ability to securely collect that data and make sense of it all. Axeda's innovative approach to machine connectivity delivers exactly what manufacturers need to capitalize on the massive amounts of data now available from their smart, connected products."

IDC report gives temperature check on Big Data usage

A new report from IDC Manufacturing Insights shines a light on adoption of big data and analytics across manufacturing. According to the report, titled "Business Strategy: Making Progress with Big Data and Analytics in Manufacturing," leading manufacturers are increasingly turning to Big Data and analytics to make quicker data-driven business decisions.

The report also found that 51% of manufacturers are planning to generate new revenue streams from big data and analytics (BDA) projects. Additionally, 36% of respondents believe they will soon increase operational efficiencies from big data initiatives.

"The purpose of this report is to help manufacturers understand where manufacturers are expecting to derive value from BDA today and what applications are receiving the greatest attention," said Kimberly Knickle, practice director at IDC Manufacturing Insights. "Manufacturers can use this report when considering their own big data and analytics strategy and approach, using the information here to further drive BDA adoption."

Oracle releases 57 new mobile apps

Vendor Oracle significantly increased the mobile device reach of its JD Edwards product with the release of 57 new JD Edwards EnterpriseOne Mobile applications. The applications cover a wide range of functionality, according to the press release, including case management, maintenance, service management, project management, supply chain management, financial management, asset lifecycle management, and health and safety incident management.

"Leveraging Oracle Mobile Application Framework's rapid development capabilities has enabled Oracle's JD Edwards to quickly develop over 50 mobile companion apps for key business processes delivering significant value to JD Edwards customers," said Bill Pataky, vice president of product management at Oracle.

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