New Research Uncovers $11.28M Yearly Potential for Industrial Firms to Enhance Competitiveness by Upgrading Outdated Automation Systems

Research Findings: Schneider Electric's report reveals that closed industrial automation systems are costing mid-sized organizations an average of 7.5% of their revenue, with larger enterprises losing up to $45.18 million annually due to operational inefficiencies and downtime.

Challenges of Legacy Systems: Traditional hardware-defined automation systems struggle to adapt to dynamic industrial demands, leading to costly updates, vendor dependency, and siloed data that hinder predictive maintenance and productivity.

Benefits of Open Automation: Transitioning to open, software-defined automation can modernize legacy systems, enhance operational agility, and improve data accessibility, allowing manufacturers to respond quickly to market changes and optimize production.

Urgency for Transformation: The report emphasizes the need for industrial leaders to address the costs associated with closed automation ecosystems, as delaying action could result in over $1 million in lost value each quarter, which could otherwise be reinvested in growth and innovation.