Aging Control Systems — A Threat to Large Enterprises?
With the progressively rising momentum and adoption of Industry 4.0 and Industrial IoT solutions, large enterprises especially in Manufacturing, Retail/CPG, Mining and Metals, Oil & Gas and Utilities sectors with large asset footprints have been focusing very strongly on means to optimize and modernize plant operations and thereby improve productivity, reduce costs and increase cybersecurity resilience of their plant automation estate. There are a wide range of solutions from integrated remote monitoring to prescriptive maintenance that plant operations teams have been evaluating and deploying as part of this digital journey. These enterprises have been creating dedicated digital organizations to focus and deliver use cases that would enable them to accelerate their growth and stay ahead of competition.
In this paper, we will discuss the impending risks of not modernizing the industrial automation landscape and what large enterprises need to do to accelerate the replacement of their existing end-of-life industrial automation assets.