Global Big Data Conference

A technology-led revolution, dubbed Industry 4.0, is gathering pace in the industrial world where traditional processes and legacy technologies are being replaced by smart devices, automated machines and advanced forms of computing. The rise of Cyber Physical Systems (CPS), owing to exponential growth in technologies like the Internet of Things (IoT), artificial intelligence (AI), cloud, robots, drones, sensors, etc., is helping manufacturers improve efficiencies, productivity and the autonomous operation of production lines. Businesses are pouring billions of dollars in AI and automation, and the Industrial IoT (IIoT) alone is set to become a $500 billion market by 2025. IT/OT convergence could spell disaster for industries. As smart factories and supply chains connect the production line to the outside world via IIoT, digitally connected industries are becoming increasingly appealing to cybercriminals, who now have the opportunity to hijack high-value targets.