Solution
The NI I/O Trace palette may be found by navigating the Functions Palette: Measurement I/O»NI I/O Trace. Using this library, a VI can be created in LabVIEW to control tracing in the NI I/O Trace application. This VI can then be built into an executable, allowing it to be run by other software and deployed to other machines. Consult the Log to NI IO Trace.vi example in the NI Example Finder in LabVIEW for a demonstration of how to use these VIs.