CIOs and chief technology officers (CTOs) are confronting new technologies and business scenarios as they embrace the internet of things (IoT) for use in industrial environments. Industrial firms such as General Electric (GE) and Bosch are building industrial IoT platforms that offer better features, support, and ecosystems for large, complex assets, infrastructure, and products. This report examines the three ways that firms use industrial IoT platforms, the five advantages, and five priorities for working with industrial IoT platforms.