IT SOFTWARE, CYBER-PHYSICAL SYSTEMS, DATA ANALYTICS
Rhode Island’s IT Software, Cyber-Physical Systems, and Data Analytics industry concentration is 18% higher than the national average.
This growth area is the leading area for innovation-led emerging companies in Rhode Island. Among the major venture-backed companies are Upserve ($40 million), Greenbytes ($36 million), Utilidata ($20 million), and ShapeUp ($9 million – acquired by Virgin Pulse, which chose to consolidate in RI, bringing 300 new jobs to the state). This is also an area for several fast-growth companies that made the Inc. 5000 list, including Atrion, Carousel Industries, Gurnet Consulting, and MojoTech.
Rhode Island has seen a cluster of patent activity in data processing, e-commerce, enterprise applications, cybersecurity, semiconductors and electronic components, optical and electromagnetic sensors, fuel cells, and power conversion devices.
Rhode Island’s robust network of cybersecurity innovators presents a tremendous opportunity to foster resiliency and economic development. The Rhode Island Cybersecurity Commission will develop a clear strategy to capitalize on the state’s ability to grow a thriving cybersecurity industry sector, and to continuously improve protections from cyber disruptions in the public and private sector.