Managing cyber risk in The Fourth Industrial Revolution
DESCRIPTION
The 4th Industrial Revolution (4IR) is introducing ground-breaking productivity improvements within the manufacturing sector, driven by Internet connectivity. Intelligent factories have all the machines, components, sensors, actuators, as well as the products being produced, connected to the Internet to enable communication as the Industrial Internet of Things (IIoT). This expands to the deployment of machine learning to do root-cause analysis on faulty equipment and to predict likely failure points, and to the integration of smart whiteboards displaying real-time production metrics. These technological advancements enable a truly cyber-physical space that increases the risk potential, because with increased connectivity must come more rapid patch cadence, and change-management practices must adapt accordingly.
