ThingWorx, a PTC business, has won the 2014 Global Frost & Sullivan Award for Technology Innovation for the ThingWorx Internet of Things (IoT) development platform eliminates the need for complex codes to create IoT applications, which can reduce the time and cost of application development leading to faster time to market.
The ThingWorx rapid application development platform accepts data from multiple devices, protocols, and networks by providing a conversion layer that allows developers to translate the data collected from various sensors into meaningful information for diverse business applications.
Some of these application areas include telematics, smart agriculture, smart homes and buildings, smart cities, connected vehicles, and connected medical devices.
Additionally, ThingWorx is working to expand into emerging markets such as wearable technologies and the insurance market.
The ThingWorx platform is deployable as a cloud-hosted solution, an on-premise solution, or a hybrid solution to suit individual business environments for industry verticals such as mining, process manufacturing, heavy machinery, public safety, as well as food and beverages.
“A key differentiating feature of the solution is the ThingWorx Mashup Builder that features a drag-and-drop interface, allowing developers to build HTML-based applications without writing complex code,” said Frost & Sullivan program manager Olga Yashkova-Shapiro.
“The ease of application development helps even non-expert users such as business analysts to build applications 10 times faster than with traditional technologies.”