A Leading Industrial Automation Stock

We recently wrapped up a detailed guide to Investing in IoT Stocks and Companies where we summarized every single article we’ve ever written about the Internet of Things (IoT). In that piece, we discussed the Global X Internet of Things ETF (SNSR) which has about $190 million in assets under management and is managed by Mirae Asset Financial Group. Last year, their research team published a piece on Leading Companies in the Development of the Internet of Things and one of the four companies listed was a $25 billion pure-play industrial automation company.

What’s Industrial Automation?

If you take a shower before you go to work, you might be replaced by robotics process automation. If you take a shower after you come home from work, you might be replaced by industrial automation, something described as:

The technique of making an apparatus, process or system operate by mechanical or electronic devices in lieu of human labor or manual intervention.

Credit: Rockwell Automation

Industrial automation can be found everywhere, from the traffic lights that direct cars, to the HVAC units that make sure a building maintains a consistent internal temperature. Tomorrow’s smart cities will be driven by industrial automation. IoT sensors will communicate with the cloud, and all that big data will be used to create “