Internet of Things no more needs an introduction. When these IoT competencies are instigated in the Industrial and Manufacturing space, it becomes Industrial IoT. In 2010, the vision of connected enterprise via interconnecting industrial assets was fulfilled through the internet when the foundational grounds of Industry 4.0 were laid. IIoT brought with it the advantages of asset optimization, production integration, smart monitoring, remote diagnosis, intelligent decision making, and most importantly, the feature of Predictive Maintenance. However, to maintain a competitive edge in an ever-connected world, businesses needed 24X7 access to their data.

Hectic at Times yet an Incredible Journey

Having worked in the industry for more than a decade, it became apparent to Keith Flynn that there were significant gaps between industry needs and the available services. He used this opportunity to jump into the market with RtDUET and RtEMIS to fill the void for real-time downtime and energy management solutions. Thus, RtTech Software was born in 2011. “The prospect of spearheading a new venture with the birth of RtTech Software was one that I jumped all over. It has been hectic at times, but it has been one incredible journey,” Keith states.

Helping Clients Increase Productivity and Decrease Energy Consumption

Within six years of its operation, RtTech Software has gone on to become a leading Industrial App provider; helping global clients in the manufacturing, mining, and power generation industries to increase productivity and decrease energy consumption through operational intelligence.

RtTech Software led by Keith has made its name through industrial-grade analytic apps helping manufacturing companies increase production and eliminate energy wastage with its apps RtDUET and RtEMIS. With a recent focus in Industrial IoT, RtTech’s IoT platform, Cipher is able to provide clients with a drop-in solution to IIoT and the services provided by RtDUET and RtEMIS, without much of the costly hardware.

RtDUET is designed to track machine downtime and classify events, with the aim of helping production staff maximize potential output to increase revenue. On the other hand, RtEMIS is an energy management information system that captures information about energy being used by machines and dynamically calculates the target usage to sustain production, identifying areas for energy savings.

A Certified Engineer Turned Entrepreneur

Being the Founder and CEO, Keith is an integral part of the development for both RtDUET and RtEMIS. By trade, Keith is a certified Professional Engineer, with a Bachelors’ in Electrical Engineering, as well as a B. Science and Certificate of Applied Science. Though modest regarding his achievements, Keith is also a prestigious Sexton Scholar at Dalhousie University.

With over 20 years of industry experience Keith contributed as a principal partner at ADM Systems Engineering and as the implementation partner at RtTech. This insight helps Keith and his product development team ensure that RtTech’s products integrate the latest technical capabilities and deliver the most effective results for its customers.

Trusting his Team on Every Mode

Leading a global firm of his own, Keith believes every CEO needs to be able to fully trust his team. If a CEO has his or her hands in too many pots, so to speak, then they will undoubtedly burn themselves out. Besides, you hired your team for a reason, so trust them to do their jobs and offer support as needed. “This became apparent to me when I would scratch off my action items to bring up during our meetings, and the team would have covered all of these topics even before I had the chance to speak. In several occasions, I was the one taking notes at the end. A successful CEO should position his or her team to thrive in their roles within the organization,” he adds.

Trust in Yourself and Your Team is the Key

When asked to advise young entrepreneurs entering the market, Keith asks them not to fear failure. There will be bumps along the road, but that is part of entrepreneurialism. Leverage your mentors and your team around you and trust the talent within your organization and the quality of your product or services, Keith says.

“We have seen a shift in the industry toward IIoT and we have grabbed our surfboards and are riding the wave. IIoT can narrow the gap between the ‘big guy’ and the ‘little guy’ by providing the same quality of analytic services, but at a fraction of the cost. On top of creating a more competitive manufacturing landscape, we are now able to connect more assets for data collection than before. With more data at hand, clients are able to make increasingly informed business decisions to improve their production and energy efficiency,” Keith shares on the future of industry.

Source :-The 30 Most Innovative CEOs To Watch 2017

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