K
Kathleen Martin
Guest
Digitization is transforming how businesses operate. This transition is often referred to as the Fourth Industrial Revolution or Industry 4.0 because it represents the fourth manufacturing revolution. The first industrial revolution was mechanization, the second was mass production and assembly lines using electricity, and the third was the adoption of computers and automation.
Now the Fourth Industrial Revolution is upon us, with the digital transformation of businesses largely consisting of automation, artificial intelligence (AI), and rapid technological innovation. Industrial processes and machines are becoming smarter and more modular, with automation and data exchange that include the Internet of Things (IoT) and the Industrial Internet of Things (IIoT). These smart, always-connected devices provide real-time contextual information with low overhead to optimize processes and improve how companies and individuals interact, work, and live.
It's no wonder McKinsey estimated that investments in IoT technology would grow at a rate of 13.5% throughout 2022. This growth in IoT is contributing to an escalating explosion in production and industrial data. This data is being collected and analyzed to improve productivity, monitor activity, and enhance predictive maintenance. With so much business-critical data passing through IoT and IIoT devices, organizations must take measures to secure their technology.
Why is IIoT Security Important? Digital has not gone unnoticed by cybercriminals, who seek to exploit IoT and IIoT as weak links in the data chain. The increasing volume of structured and unstructured data being generated by these devices, and their oftentimes anomalous behavior spanning across global ecosystems challenges even the best organizations. Further complicating the situation is that many of these devices are wireless (WLAN or 5G) and often have communication channels to their manufacturers for maintenance and troubleshooting purposes, which can make them a potential backdoor into the production network.
Continue reading: https://menafn.com/1103595023/Key-Business-Risks-Behind-the-Internet-of-Things&source=29
Now the Fourth Industrial Revolution is upon us, with the digital transformation of businesses largely consisting of automation, artificial intelligence (AI), and rapid technological innovation. Industrial processes and machines are becoming smarter and more modular, with automation and data exchange that include the Internet of Things (IoT) and the Industrial Internet of Things (IIoT). These smart, always-connected devices provide real-time contextual information with low overhead to optimize processes and improve how companies and individuals interact, work, and live.
It's no wonder McKinsey estimated that investments in IoT technology would grow at a rate of 13.5% throughout 2022. This growth in IoT is contributing to an escalating explosion in production and industrial data. This data is being collected and analyzed to improve productivity, monitor activity, and enhance predictive maintenance. With so much business-critical data passing through IoT and IIoT devices, organizations must take measures to secure their technology.
Why is IIoT Security Important? Digital has not gone unnoticed by cybercriminals, who seek to exploit IoT and IIoT as weak links in the data chain. The increasing volume of structured and unstructured data being generated by these devices, and their oftentimes anomalous behavior spanning across global ecosystems challenges even the best organizations. Further complicating the situation is that many of these devices are wireless (WLAN or 5G) and often have communication channels to their manufacturers for maintenance and troubleshooting purposes, which can make them a potential backdoor into the production network.
Continue reading: https://menafn.com/1103595023/Key-Business-Risks-Behind-the-Internet-of-Things&source=29
