The advent of the Fourth Industrial Revolution has changed the business landscape and will continue to do so for a long time. Today, the increased use of artificial intelligence (AI), cloud computing, 3D printing, robotics, the Internet of Things (IoT), and advanced wireless technologies continues to fuse the digital, biological, and physical worlds, ushering in a new economic era.
The question is: can your manufacturing business keep up with the pace of change? As long as your informational technology (IT) and operational technology (OT) play nicely together, the answer is a resounding yes.
What is the cost of falling behind?
Although your legacy systems are essential for your day-to-day operations, they might be based on outdated technologies. So, why exactly is it so important to update them as long as they do their job?
Because, otherwise, your systems can crash anytime due to their increasing number of software support issues and security vulnerabilities. This can easily result in costly downtime that can negatively impact production capacity, customer experience, company morale, and more. And today, when the competition is fiercer than ever, downtime often translates to long-lasting crippling effects on business outcomes.
Yet some legacy systems and machines are hard to replace, especially those you use for core business processes such as high-volume data processing. Unfortunately, at some point, these technologies won't be able to keep up anymore, and you will have to upgrade them. And it's better to do so sooner than later.
You will definitely gain a competitive advantage.
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