The 10 Coolest Industrial IoT Companies: The 2020 Internet Of Things 50

Industrial IoT manufacturers are constantly seeking to improve operations while finding new revenue streams. What follows are the 10 coolest industrial IoT companies of 2020.


In the world of industrial IoT, the stakes are high. Manufacturers, among other sorts of industrial companies, are seeking to improve operations while finding new revenue streams, which is why the idea of connecting industrial assets to gain new insight is so attractive. This imperative has led a variety of established companies and new entrants to cook up their own platforms, hardware offerings and services, so that, for instance, building operations can use machine learning to save on energy costs. What is clear is that there’s still a lot of room to innovate and grow for these vendors.

What follows are the 10 coolest industrial IoT companies of 2020.

GE Digital

CEO: Pat Byrne

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San Ramon, Calif.-based GE Digital is sharpening its focus on the utility, power generation, oil and gas, and manufacturing sectors with its growing suite of IoT applications, which includes the new Predix Essentials for jump-starting connected operations and Asset Answers for benchmarking performance.

Hitachi Vantara

Chairman, CEO: Toshiaki Tokunaga

Santa Clara, Calif.-based Hitachi Vantara is doubling down on its Lumada suite of IoT offerings through its merger with Hitachi Consulting—a move that will, among other things, integrate the company’s manufacturing consulting capabilities with data-driven offerings such as Lumada Manufacturing Insights.


Chairman, CEO: Darius Adamczyk

Charlotte, N.C.-based Honeywell is betting big on industrial IoT software with its new Honeywell Forge suite of applications, which includes Forge Energy Optimization, a cloud-based offering that uses machine learning to adjust a building’s energy consumption based on usage within a closed loop.

Litmus Automation

Founder, CEO: Vatsal Shah

San Jose, Calif.-based Litmus Automation is riding the momentum of its edge computing platform, LoopEdge, which helps companies fetch data from a variety of disparate industrial assets and then normalizes the data for running analytics, event processing and machine learning to improve operations.

KMC Controls

CEO: Richard Newberry

New Paris, Ind.-based KMC Controls is taking the guesswork out of industrial IoT with its KMC Commander IoT platform, which allows organizations to monitor, analyze and set triggers for data from a variety of sensors, devices, controllers and building systems in a cloud-based interface.


President, CEO: Jim Heppelmann

Bolstered by alliances with Rockwell Automation and Microsoft, Boston-based PTC continues to outpace the market with the business growth of its industrial IoT offerings, which allow enterprises to easily connect assets, build applications and analyze data on its ThingWorx platform.

Schneider Electric

Chairman, CEO: Jean-Pascal Tricoire

Rueil-Malmaison, France-based Schneider Electric is ramping up its IoT investments on multiple fronts, from the software side with updates to offerings like EcoStruxure Power SCADA Operation, to the ecosystem side with Schneider Electric Exchange, enabling businesses to create and scale IoT solutions.


Founder, CEO: Steve Sliwa

With the backing of major investors in oil and gas like Saudi Aramco, Seattle-based Seeq is expanding the capabilities of its advanced IoT analytics software, which gives industrial companies the ability to diagnose problems, monitor systems and predict when systems will fail using existing data streams.


President, CEO: Joe Kaeser

Munich, Germany-based Siemens is expanding its industrial IoT capabilities through, among other things, the integration of Mendix’s low-code development platform with the MindSphere platform and the acquisition of the container-based edge computing platform from Silicon Valley startup Pixeom.

Software AG

CEO: Sanjay Brahmawar

Thanks to its 2017 acquisition of IoT platform provider Cumulocity, Darmstadt, Germany-based Software AG is becoming a substantial player in the industrial IoT space, with features ranging from a no-code development interface to support for hundreds of preintegrated devices and protocols.