Despite challenging global economic conditions, expenditure on OT cybersecurity has continued to increase. There are 3 investment drivers: digital transformation, regulation, and risk management.
The growing interconnectivity among OT devices, systems, and processes has facilitated the digital transformation of industrial operations, increasing demand for cloud computing services, data analytics, digital twins, and machine learning. Convergence between IT and OT has further accelerated this trend, facilitating seamless integration and data exchange between two previously isolated environments. The new digital asset owner is characterised by higher levels of interoperability and collaboration, enabling process optimisation and productivity gains. The bene&its of digital transformation need to be managed alongside the increased exposure to IT q OT vulnerabilities, reRuiring new cybersecurity policies, processes, and procedures to ensure the resilience of future operating models.