New Study Reveals $11.28 Million Annual Opportunity for Industrial Companies to Boost Competitiveness by Modernizing Closed Automation Systems

Image for article New Study Reveals $11.28 Million Annual Opportunity for Industrial Companies to Boost Competitiveness by Modernizing Closed Automation Systems

News Source : Financial Post

News Summary

Schneider Electric unveiled new global research titled “Open vs. Closed: The $11.28 million Question for Industrial Leaders” The report reveals that closed industrial automation systems are quietly eroding competitiveness.
For large enterprises, losses average $45.18 million, while smaller manufacturers face even steeper proportional impacts, losing up to 25 per cent of annual revenue.
Open, software-defined automation offers a scalable, future-ready solution that modernizes legacy systems, accelerates ROI, and strengthens industrial competitiveness and resilience.

Hidden cost penalties closed industrial systems cost midsized industrial companies 7.5 per cent of revenue through downtime, inefficiencies, and compliance retrofits every yearRigi [+7429 chars]

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