Is it possible to produce really big business given the coronavirus pandemic’s crippling effects on many of the world’s large enterprises and organizations? Absolutely. Just ask PTC’s CEO, Jim Heppelman, and his coworkers—they just closed a PLM deal with the U.S. Navy that could be worth as much as $100 million over five years, and involving 15,000 users.
Cloud platforms and Software-as-a-Service (SaaS) solutions have already changed many of the conditions for modern product development work—and are expected to bring even more changes in the future.
PTC announced that Arena, the company’s cloud-based PLM application, is linked to Onshape, its cloud-based CAD application, with a new product called, logically enough, the Connection.
Aras, which provides the most powerful low-code platform with applications to design, build, and operate complex products, announced that Tamturbo, a leading developer of oil-free air compressors, has selected the Aras platform to manage its product data and enable interdisciplinary collaboration across the lifecycle.