Xerox’s PARC Launches Novity Predictive Maintenance Solution for Industrial Manufacturing

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Xerox’s Palo Alto Research Center (PARC), a Xerox subsidiary, has launched a new venture called Novity to commercialize predictive maintenance (PdM) technology for industrial manufacturing operations. In a March 9 announcement, Xerox said its Novity Industrial Internet of Things (IIoT) solution is aimed at reducing unplanned downtime for industrial operations estimated to cost manufacturers $50

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