Cyber in the Manufacturing Industry
10 October 2021
Original content provided by BDO
The Manufacturing Industry is overgoing a technological transformation that is changing the future of the industry. The Industry is still in its early steps of adopting digital data, digital connectivity and digital processing. Digital transformation has brought significant changes to all key areas of the manufacturing processes including performance analytics, the agility of research and development and in many cases has also brought changes into organisational structure and revenue generation streams.
In 2015, Klaus Schwab, executive chairman of the World Economic Forum has introduced the phrase "Forth Industrial Revolution" and what has been called Industry 4.0, describing the ongoing automation of traditional manufacturing and industrial practices, using smart technologies. Since then digital transformation initiatives have fostered another phrase "Smart Factory" describing modular structured factories with cyber physical systems, decentralised monitoring, decision making and communication over and with iOT devices.
Read more in our 'Cybersecurity and Data Transformation Challenges & Best Practices' Manufacturing report below.