HELSINKI, August 15, 2017 /PRNewswire/ -- Today The Qt Company introduced the Qt for Automation offering, a new set of libraries and development tools for the building, services and industrial automation sectors. Built on Qt for Device Creation and Qt for Application Development, Qt for Automation is designed to enhance the performance and capabilities of edge devices for the Internet of Things (IoT). With Qt for Automation's modular, scalable and secure libraries and interoperability capabilities, organizations in the automation industry can reduce operating costs and improve the efficiency of business processes. Qt's technology is currently in use by millions of developers across the world and eight of the top 10 Fortune 500 companies.

With Gartner, Inc. forecasting earlier this year that 8.4 billion connected things will be in use worldwide in 2017 and 5.5 million new devices being connected every day, the IoT is one of the most opportunity-rich areas across today's global technology landscape. Furthermore, McKinsey & Company found that the potential value that could be unlocked with IoT applications in factory settings which represent a significant portion of the Industrial Internet of Things (IIoT) could be as much as $3.7 trillion in 2025, which is approximately one-third of all potential economic value of the IoT estimated by McKinsey. Consequently, organizations in the automation industry are increasingly looking for ways to pursue the market opportunities created by both the IoT and the IIoT.

The modern architecture and extensibility of the modular, scalable and secure tools and QtKNX libraries within Qt for Automation guarantees rapid innovation and future warranties, independent of any changes to the hardware or operating systems. By leveraging these features and the device interoperability capabilities of Qt for Automation, organizations in the industrial and home automation sectors are able to significantly reduce operating costs and streamline mission-critical business processes.

"With the rise of IoT, we realized thatthe amount ofsensors and I/O we collected in our control systems was increasing exponentially, and we needed to aggregate the data and present it in a better way to becomemore efficient," said Rune Volden, R&D Manager, Ulstein Power & Control. "Qt provides a very good tool for programming control systems as well as graphical user interfaces, which saved us a significant amount of development time."

Qt for Automation extends Qt's comprehensive portfolio of application development and device creation tools. The primary features of Qt for Automation include:

"Qt has been focused on the automation sector since our inception two decades ago, and our presence in the industry has expanded alongside the exponential growth of the global IoT market," said Lars Knoll, CTO, The Qt Company. "With the new Qt for Automation offering, we are bringing our automation capabilities together in an integrated and comprehensive set of software development tools and libraries that have been designed for edge devices in industrial and home automation. This enables our automation customers to quickly and easily gain tangible business benefits, including reduced costs and improved efficiencies across their entire organization, and further extends our leadership position in the automation industry."

Qt will share additional details about Qt for Automation during a webinar taking place at 4:00 p.m. CEST on Thursday, September 7th. You can register for the webinar here.

Additionally, to learn more about Qt for Automation, please read our blog post detailing the new offering.

Furthermore, you can learn more about The Qt Company and Qt for Automation at this year's Qt World Summit, the largest annual event dedicated to Qt developers, business leaders and product managers. The event will take place in Berlin, Germany from October 10-12 and will feature thought-provoking keynotes and demos, insightful breakouts, and industry highlights. For more information on the Qt World Summit 2017, please visit: http://www.qtworldsummit.com/

About The Qt Company

The Qt Company develops and delivers the Qt development framework under commercial and open source licenses. We enable a single software code across all operating systems, platforms and screen types, from desktops and embedded systems to wearables and mobile devices. Qt is used by approximately one million developers worldwide and is the leading independent technology behind millions of devices and applications. Qt is the platform of choice for in-vehicle systems, medical devices, industrial automation devices, and other business critical application manufacturers, and is used by leading global players in more than 70 industries. The Qt Company is owned by the Qt Group, which operates in China, Finland, Germany, Japan, Korea, Norway, Russia and USA with more than 200 employees worldwide. The Qt Group is headquartered in Espoo, Finland and is listed on Nasdaq Helsinki Stock Exchange. The company's net sales in year 2016 totaled 32,4 MEUR. To learn more visit http://qt.io

Media Contacts

The Qt Company

Katja Kumpulainen

+358 40 7222829

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Qt Introduces Qt for Automation to Help Organizations Reduce Operating Costs and Improve Business Process Efficiency - Markets Insider