This document discusses custom ASICs for Internet of Industrial Things (IoIT) applications. It provides an introduction to IoIT, discussing the market drivers and growth potential. Numbers are presented forecasting the IoIT market to reach $3.77 billion in 2015 and grow at a 16.8% CAGR to 2021. Common IoIT applications like automation, sensors, and analytics are discussed. Customer perspectives are shared noting desires for connectivity, low power devices, and extracting more value. A case study is presented of a valves company that worked with the company to develop a custom IoIT ASIC solution to reduce costs, improve features, and enable new services.