What’s the value of a standardized ecosystem in the era of IIoT?

Today’s suppliers of industrial-control systems and devices want to seize emerging opportunities for Industrial Internet of Things (IIoT) solutions by enhancing their product offerings with standards-based, platform-independent, information-driven business models for the new era of automation. The vendor community has good reason to focus on emerging opportunities within the IIoT. Despite the enormous potential of the IIoT, no company or organization has the resources to do it all in this market space. Instead, businesses targeting IIoT opportunities must be part of an ecosystem.