“These are two significant milestones for our company. We are on the forefront of an exciting new capability that some are calling the Industrial ‘Internet of Things’ (IoT),” said Jay Foster, President of SoftSolutions (pictured previously). “As we continue to expand into new plants, new industrial sectors and new geographic regions, we are gaining valuable insight from clients on how we can best translate the promise of IoT into tangible business results. We see this technology as a game changer and it’s our passion to continue developing simple and cost-effective products that accelerate the benefits for our clients.” The company added that worldwide spending on the Industrial Internet of Things is expected to grow from $20 billion in 2012 to $500 billion by 2020.
SoftSolutions is headquartered in Roanoke, Virginia. Its award-winning Flex technology includes a simple Direct-Machine-Interface device that makes it easy to connect production equipment to the Industrial Internet of Things. Its framework includes an open software platform that helps other applications to access real-time production status using web services. Common applications include real-time employee engagement, automated job costing and schedule updates, and real-time production alerts.
