Xerox has spun out Novity, a start-up founded by Xerox’s Palo Alto Research Center that has developed and commercialized industrial predictive maintenance technology. “PARC’s goal has always been to incubate, launch and commercialize disruptive technologies, and Novity is an excellent example of this model in action,” said Naresh Shanker, CTO at Xerox and president at PARC. “We are proud of Novity’s success to-date and look forward to following the journey as it grows beyond PARC and brings m...