As a prerequisite for smooth installation of BizTalk360 on a standalone server, we need to install the BizTalk Admin components in that server. The installation of the components alone is sufficient and need not be configured.
BizTalk360 uses ExploreOM DLL file to communicate with the BizTalk server for fetching the data through the components. Hence, if the components are not installed, you will not be able to proceed BizTalk360 installation and one of the prerequisites during installation will fail as seen below
So, the BizTalk admin components need to be installed by running the BizTalk server setup.exe and selecting the components as shown in the below screenshot.