5. More Vendor Collaboration

Organizations like National Instruments, Intel, Eurotech, and other vendors that are developing products and solutions are beginning to work together more.

"The biggest shift I've seen over the last few years in the Industrial IoT space is this eagerness to collaborate," said Smith. "Ten years ago, many companies were attempting to build out their own ecosystem and not collaborate. But now, with the Internet of Things, many realize they cannot build out on their own ecosystem."

Partner Takeaway: Having more vendors collaborate on end-to-end solutions on the Internet of Things allows for more partner opportunities.