The AI era and CIOs’ dilemma of balancing digital transformation with security

Image by Gerd Altmann from Pixabay From automation to edge computing and artificial intelligence (AI), manufacturers are leveraging advanced technologies to minimise costs and maximise returns. Asia-Pacific’s manufacturers have been quick to recognise the advantages of digital transformation , with adoption enabling them to become a global manufacturing powerhouse. According to Fortune Business Insights , the global smart manufacturing market is the largest in the world, with an expected compound annual growth rate (CAGR) of 15.7 per cent from 2022 to 2030. However, technology adoption presents challenges–especially for manufacturers considering the convergence between information technology systems (IT) and operational technology (OT) systems. This increased connectivity raises security risks, particularly when older OT devices are in use. Often built with minimal security considerations, legacy OT systems create vulnerabilities in the network, making them an ideal target for widespread cyberattacks. Organisations must, therefore, be ready for the complexities of IT/OT convergence in terms of system size, location, data types, and technology stacks. A security-first approach As OT systems previously isolated from external networks become more integrated, the manufacturing and construction industries have become especially vulnerable to cyberattacks. In Singapore, for example, official statistics show that these sectors were notably affected by […]

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