Europe's industrial sector is amidst a shift, with countries like Austria, Scandinavia, Italy, and Spain increasing their investments in predictive analytics, automation, and OT cybersecurity. The "OT Security Report - Europe Edition" offers revealing insights into these dynamics.
71% of companies have faced cybersecurity incidents, and 62% have encountered system downtime. These challenges, however, offer opportunities to strengthen operational frameworks.
With 62% of organisations dealing with system downtimes, the report emphasises the need for enhancements in cross-functional communication across the European industry. While 88% of OT system owners understand these challenges, awareness among occasional users and decision-makers is comparatively lower at 41% and 42% respectively.
Key insights include:
- 68% of smaller companies faced system downtimes and equipment failures.
- 44% of larger firms reported similar issues.
- 56% of mid-sized entities are focused on revamping their monitoring systems.
- 47% aim to stabilise OT environments.
European organisations are building stronger cybersecurity postures, with 71% having experienced incidents such as data breaches. Despite this, there's notable confidence within the industry:
- 90% feel very or adequately prepared.
- Largest enterprises boast 100% confidence.
- 76% of domain experts report high preparedness.
- 82% have strengthened audits and response plans.
- 78% improved IT-OT alignment strategies.
Compliance is a key driver of modernisation, compelling firms to innovate continuously. As digital transformation prevails, European industries adopt strategies prioritising analytics, automation, and security:
- 88% see predictive maintenance and real-time analytics as crucial.
- 81% pursue autonomous production advancements.
- 81% plan on strengthening OT security.
- 96% of executive leadership advocate for automation.
Upcoming technological trends include strides in cybersecurity (83% impact), IT-OT convergence (81%), and AI/ML integration (77%), enabling Europe to dominate global industrial platforms.
The findings illustrate Europe's advanced journey towards industrial capability enhancement through strategic investment, regulatory adherence, and technological evolution. Companies fostering communication between leadership and operational fronts will emerge as front-runners in the continent's Industry 4.0 landscape.
Referring to the insights, David Petrikat states, "Europe has the talent, innovation capacity, and regulatory framework to lead globally in industrial transformation..." This underscores the continent's readiness to harness opportunities and excel.
The OT Security Report delves into digital transformation's impact on industrial stability and resilience across Europe, reflecting its competitive edge for future advancements.
