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10 Fastest Growing IoT Companies 2017

Eliminate the Challenge of Having To Tie Together Multiple Systems with Various Connections, Protocols, and Databases: RtTECH Software

thesiliconreview-keith-flynn-ceo-rttech-software-17Smart, connected devices are already transforming our world and the competitive forces in business. There is widespread agreement that the Internet of Things will be a transformative factor in the business use of information. The prospect of billions of connected devices promises to transform home activities, transportation, industrial operations, and many other aspects of our lives. The application of the IoT to the manufacturing industry is called the IIoT or Industrial Internet of Things. The IIoT is already revolutionizing manufacturing by enabling Companies to access data from assets that were previously unable to be connected to the network.

RtTech Software-Bringing a New Revolution

Industrial IoT allows for the implementation of Industrial Analytic software and Big Data in a facility or operation without being intrusive to the existing infrastructure. RtTech Software is a leading Industrial IoT Apps provider, helping global clients in the manufacturing, mining, and power generation industries.  It develops solutions to help manufacturing companies increase productivity and reduce energy consumption with real-time industrial analytics. Industrial apps from RtTech Software aggregate machine and sensor data from across the production process and use advanced analytics to provide operational intelligence in context via an intuitive dashboard. The company was founded in 2011 and is based in Moncton, Canada. It has already extended its services to North America, South America, Europe, and Australia in a short span of time with clients from over 28 countries. RtTech offers two main IoT app solutions: RtDUET & RtEMIS.

‘Cipher’ Connects the World

RtTech’s Cipher is a drop-in Industrial IoT solution for plants regardless of its level of control sophistication. It can bring end to end connectivity that runs on any device and can help in carrying the production data wherever you go. Cipher can manage the storage requirements whether it is in cloud or in systems. It also offers a remote monitoring feature that can keep the data organized. With this the data can also be shared from any remote networks based on the user access permissions. Cipher apps provide operational intelligence in areas such as Downtime Management, OEE, and Energy Management. RtTech’s approach leverages a customer’s investment made into their existing systems to avoid any unnecessary rip and replace.

The Novel Product

Although the company was built to develop analytic apps, it was redirected by the wave of Internet of Things and has incorporated in an Industrial IoT environment. The primary product RtDUET was launched as a downtime monitoring app in a strictly on-premise format. RtDUET monitors equipment in real-time and alerts when it stops working or is running below its capacity. It can also help in connecting directly to PLCs with automatic fault codes or sensors for connectivity on older lines and thus helps in asset management. The system can eliminate the root causes of the downtime events thereby increasing the Overall Equipment Effectiveness.

The Energy Management System

RtTech’s RtEMIS is an energy management app to help industrial clients visualize and control their energy consumption, and ultimately, costs. It eliminates energy waste from the process. It makes use of real-time calculations to alert of energy waste in the plant. Energy Management processes monitors and analyzes consumption and can decrease the highest variable cost. With RtEMIS, energy is no longer a given cost, but rather, a controllable item.

Counting the Blessing

For RtTech, perfection is always the goal. Being able to depend on the quality of data a key factor factor for production teams and that has supported the company for the last seven years of its successful voyage. RtTech was able to generate recurring revenue from the services that it delivered. With a bunch of talented employees, potential investors and funds from the government the company was able to benefit its clients with real-time intelligence and maximize production capacity, improve product quality, reduce downtime and unplanned shutdowns, and optimize utilities consumption to energy costs. RtTech solutions are deployed in over 67 sites throughout 17 different countries for blue chip companies such as Cargill, BHP Billiton, Barrick Gold, Rio Tinto, and more.

Making a Footprint

“It was very easy to install, it was easy to deploy. The technical assistance was there every step of the way. A real success story for us”

- David Bartolo, Head of Operational Systems and Technology AGL Energy

RtTech has successfully helped many companies streamline their business. For instance, AGL, one of Australia’s leading energy companies, faced challenges due to rapid growth, inefficiency to share data across several sites. They chose RtTech and installed RtDUET for asset management. Multiple site installation, integration with existing processlog-books, and Standardized KPI calculation across sites have ultimately resulted in 5% data accuracy gain. Further integrations have allowed AGL to stream the RtDUET data directly into their process logbooks, which means even less human interaction within the process. In addition to automated data collection and classification processes, RtDUET provides AGL with an IIoT-connected solution as well.

Introducing the Passionate Mind

Keith Flynn, President and CEO: As President and Founder, Keith is an integral part of the development of both RtDUET and RtEMIS. By trade, Keith is a certified Professional Engineer, with a B. Eng in Electrical Engineering, as well as a B. Science and Certificate of Applied Science. Though modest regarding the achievement, Keith is also a prestigious Sexton Scholar at Dalhousie University. With over 16 years of industry experience Keith is also a principal partner at ADM Systems Engineering, an implementation partner of RtTech. This insight helps Keith and his product development team to ensure that RtTech’s products integrate the latest technical capabilities and deliver the most effective results for the customers.

“We’re excited about Industrial IoT and industrial-grade analytic apps that boost production or energy efficiency”

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