When it comes to industrial IoT, consulting firm Bain & Company reported in the fall that the low-hanging fruit of industrial IoT has been harvested.

The vendors making a difference in industrial IoT need to focus on interoperability, integrated IT and operational technology, technical expertise in artificial intelligence algorithms and data science.

The Bain industrial IoT report included survey results that showed the number of organizations implementing proofs of concept grew 20 percent from 2018 to 2022. The number is expected to grow another 20 percent by 2026, and survey respondents reported cost reductions and revenue increases of up to 40 percent.

As part of CRN’s 2023 Internet of Things 50 list, here are 10 hot IIoT companies this year that are driving innovation.