PTC (NASDAQ: PTC) announced the launch of PTC Orbit, a cloud-native asset intelligence solution designed to bridge the gap between product design and asset maintenance for manufacturers.

The solution connects data from product lifecycle management, enterprise resource planning, customer relationship management, Internet of Things, enterprise asset management, and field service management systems into a unified asset record. PTC Orbit applies artificial intelligence to analyze this consolidated information across engineering, quality, and service teams.

The platform addresses data fragmentation that occurs when products ship and structured visibility ends, with asset information scattered across disconnected systems. PTC Orbit serves as what the company calls an "as-maintained system of intelligence" to provide teams with a current asset view.

The solution offers three primary functions: asset data consolidation from multiple enterprise systems, AI-powered lifecycle intelligence that detects service patterns and calculates asset health scores, and AI-assisted access through an interactive canvas that delivers insights based on user context.

"Asset data has always existed everywhere, but nowhere could it truly be used," said Joseph June, General Manager of SLM and AI Strategy at PTC. "With PTC Orbit, we built a new AI-first solution from the ground up to be the system of record for asset intelligence."

Southern Water, which uses the solution to monitor sewer level devices, reported having more than 25% of its monitoring devices offline at any given time before implementing PTC Orbit. Andrew Oliver, Head of Operational Technology Platforms at Southern Water, said the platform provided the ability to prioritize high-risk areas and optimize field activity.

PTC showcased Orbit at its PTC NEXT Chicago event on June 9-10. The Boston-based company employs over 7,000 people and supports more than 30,000 customers globally, according to the press release.