05/17/2021 | Press release | Archived content
GrayMatter was also recently named one of Pittsburgh's 100 Fastest Growing Companies. Part of that honor included being named one of the top five engineering, energy and environmental companies in Pittsburgh.
It's an exciting time at GrayMatter as digital transformations in every industry are underway. You can call it the fourth industrial revolution, or the power of the Internet of Things, but the idea of harnessing data from machines and systems has never been more popular. It's changing the way people think and leading to innovative solutions at GrayMatter as more businesses look to connect their people to machines.
The Industrial Internet of Things (IIoT) market will be worth 151.01 billion USD by 2020, according to market reports for the year. That's a compound annual growth rate of 8% from 2015 to 2020.
"One of the biggest reasons why we're growing right now is because we're picking some great strategic initiatives," said GrayMatter CEO, James Gillespie. "Initiatives like cyber security for operational technology are really exciting. We're also pursuing a lot of innovation in the water and wastewater space."
"One of the enablers for growth is the culture we've developed at GrayMatter. We've got a vibe going," said Carson Drake, VP of Manufacturing and a co-founder of the company. "Surrounding yourself with people who are better than you has been part of my philosophy since day one."