New study reveals $11.28M annual opportunity for industrial companies to boost competitiveness by modernizing closed automation systems - ET Edge Insights
Summary
Schneider Electric highlights new research showing that closed industrial automation systems are costing manufacturers significant revenue through downtime, inefficiency, compliance retrofits, and delayed production. The report argues that rigid, hardware-defined systems create vendor dependence, data silos, and slow updates that hurt competitiveness. It positions open, software-defined automation as the answer because it lets manufacturers integrate multi-vendor systems, improve visibility, and adapt faster to market changes. The article also stresses that smaller industrial companies stand to gain the most from modernization, with savings that can be reinvested in growth and innovation.
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Schneider Electric
$1B+