The time of Operational Technology connectivity and convergence
The simple definition of Industry 4.0, often known as the fourth industrial revolution, is the use of digital technologies during an industrial process to produce the output with higher quality at a lower cost. Although manufacturing process automation has been a result of advancements in electronics, information (IT) and operational technologies (OT) for the last 70 years, it is only more recent improvements in digital technologies that are starting to broaden the area of disruption. To realize significant cost savings, greater productivity but also new revenue and business model opportunities industrial organizations must increase connectivity, democratize data and automate their business processes while remaining resilient to cybersecurity threats which impacts the industry.
To achieve the above benefits of connected, smart and resilient manufacturing, organizations integrate not only the IT and OT management technologies but also the underlying OT and Cyber organizations and processes. As of 2021, 9 out of 10 companies believe that digitization brings more opportunities than risk, while 97% of executives in the industrial area point out that the biggest challenge to technology adoption is an integration of new and legacy technologies from different eras (57% identified it as a major challenge).