2018 Internet Of Things 50: 10 Coolest Industrial IoT Companies
Top Players In Industrial IoT
While IoT is coming to businesses of all stripes, industrial customers are leading the way on IoT spending. Research firm IDC forecasts that the three biggest markets for IoT spending in 2018 are all in the industrial realm -- manufacturing, transportation and utilities. Those verticals are expected to spend a combined $347 billion on IoT solutions this year, according to IDC. Vendors with leading industrial IoT solutions include big names such as GE, Siemens and Honeywell, as well as up-and-coming startups such as Foghorn Systems. Here are 10 vendors with the coolest industrial IoT offerings right now.
Bayshore Networks
Top Executive: Mike Dager, CEO
Bethesda, Md.-based Bayshore Networks is the maker of a cybersecurity offering for stopping attacks against industrial systems, dubbed the Bayshore Industrial Cyber Protection Platform. The offering blocks threats to industrial plants and machinery while also providing operational insight, and recently was certified to run on Dell Edge Gateways.
Eaton
Top Executive: Craig Arnold, CEO
While integrating IoT innovations across its portfolio of power management offerings, Ireland-based Eaton also offers lighting and controls tailored to the needs of industrial buildings. Eaton is partnering with IoT solutions company Enlighted to provide industrial buildings with sensory systems.
Foghorn Systems
Top Executive: David King, CEO
Mountain View, Calif.-based Foghorn Systems offers an industrial IoT software stack that blends sensor data from industrial machines with cloud-based management, analysis and machine-learning capabilities. The company's Lightning ML platform is universally compatible across all major industrial IoT systems.
GE
Top Executive: John Flannery, CEO
GE's industrial IoT platform, Predix, provides a foundation for running, securing and scaling industrial applications. The platform specializes in capabilities such as asset connectivity, edge technologies, big data processing, analytics and machine learning, and Boston-based GE also offers advanced security features such as two-party encryption.
Honeywell
Top Executive: Darius Adamczyk, President, CEO
Honeywell's industrial IoT platform, Connected Plant, enables industrial customers to turn their data into business insight with capabilities around data management, advanced analytics and security. Morris Plains, N.J.-based Honeywell recently added a new visualization and analysis offering, Uniformance Cloud Historian, to the platform.
Johnson Controls
Top Executive: George Oliver, CEO
Milwaukee-based Johnson Controls' IoT portfolio includes its Smart Equipment offerings, which use embedded controls and secure connectivity to provide a range of benefits to industrial buildings. Those include reduced downtime, optimized operational efficiencies, improved serviceability and lower energy usage.
KMC Controls
Top Executive: Richard Newberry, CEO
Indianapolis-based KMC Controls manufactures edge devices with embedded sensors (KMC Conquest) such as thermostats; analyzes the data gathered by the devices; sends the data to an IoT appliance such as the KMC Commander BX; and securely transmits the data to cloud storage (such as the KMC Cloud).
PAS
Top Executive: Eddie Habibi, CEO
Houston-based PAS is focused on securing power generation and manufacturing facilities, with security offerings for industrial systems such as distributed control systems, programmable logic controllers and turbo machinery controls. A new partnership with Siemens is aimed at offering improved real-time monitoring for control systems.
Schneider Electric
Top Executive: Jean-Pascal Tricoire, CEO
France-based Schneider Electric offers a variety of technologies that are tailored to the needs of industrial IoT, including through its EcoStruxure platform, which offers embedded connectivity and intelligence, ’smart operations’ capabilities, and infrastructure for cloud-based apps and analytics that is built atop Microsoft's Azure IoT suite.
Siemens
Top Executive: Joe Kaeser, CEO, Siemens AG
Among the industrial IoT offerings from Germany-based Siemens is the MindSphere platform, which automatically connects assets within industrial plants. Meanwhile, Siemens' data hosting platform provides energy analytics, machine tool analytics and other services that are crucial to industrial customers.