When was the last time your legacy systems helped you innovate?
Outdated technology, non-smart assets and technical debt, hinder manufacturing operations by limiting agility and scalability and increasing costs. Nearly 70% of manufacturers say technical debt holds back innovation, while 46% view their current architecture as a barrier to growth. But here's the good news. Manufacturers are embracing emerging technologies like artificial intelligence (AI) and the Industrial Internet of Things (IIoT), which offer a powerful antidote to technical debt, unlocking a new era of operational efficiency.
Let's dive deeper into what this transformation means for the industry.
Legacy systems: An obstacle to innovation
Technical debt is more than just a technical issue; it's a major roadblock to productivity and innovation. Legacy systems limit production capabilities, drain resources and complicate the integration of new technologies. Furthermore, the next generation of tech-savvy employees seeks opportunities for growth and advancement.