Listening to the Voice of the Buyer: Cisco’s 2024 State of Industrial Networking Report

Nothing has been brisker in my profession than listening to prospects. Listening to them describe their present challenges, envision new aggressive benefits, and measure their ROI are however a couple of examples. These insights are invaluable not solely to strategic companions and market leaders like Cisco but additionally to business friends who’re studying in regards to the highest worth use instances rising from the speedy modernization of commercial networks.

For sure, listening to from 1,000+ business professionals without delay is a uncommon alternative, and that’s the reason I’m excited to share our 2024 State of Industrial Networking Report with you.

The commercial panorama is present process huge transformations because the record of use instances, enterprise outcomes, and aggressive benefits pushed by operational community investments continues to develop. Because of this, operational know-how (OT) networks are converging with their enterprise IT counterparts, creating a fancy and dynamic surroundings. To know the challenges and alternatives that lie forward, Cisco, in affiliation with Sapio Analysis, performed a complete survey gathering insights from over 1,000 business professionals throughout 17 nations and in 20 sectors, together with manufacturing, utilities and transportation.

The 2024 State of Industrial Networking Report sheds gentle on the evolving industrial networking panorama, revealing key tendencies that may form the long run. Let’s take a look at among the report’s most important findings:

OT Safety Takes Middle Stage

The report highlights a rising concern for OT cybersecurity throughout all industries. Industrial networks, historically air-gapped from the skin world, at the moment are more and more linked, making them susceptible to cyberattacks. A backlog of legacy techniques and belongings, an increasing assault floor, and an overstretched workforce are exacerbating the issue. A good portion of respondents (89%) cited cybersecurity compliance as very or extraordinarily vital. This displays the worldwide want for sturdy safety options particularly designed for the distinctive wants of commercial environments.

Collaboration is Key: Bridging the IT/OT Divide

With 41% of corporations’ reporting IT and OT groups working independently, the report underscores the crucial function of improved collaboration between these two groups. Operational effectivity and agility hinge on a lot better integration between these two historically impartial departments. The advantages embrace simplified operations, enhancements in cybersecurity protection and remediation, and quicker, better-informed choices. The suggestions from the survey was clear. A single vendor answer designed and built-in for each kinds of networks is a significant catalyst for driving IT/OT collaboration.

Getting ready for AI in Industrial Networking

48% of the respondents cited Synthetic intelligence (AI) because the rising know-how that may have probably the most important influence on industrial networking over the subsequent 5 years. AI is poised to play a transformative function in industrial networking, with the power to automate duties, enhance community efficiency, and predict potential points earlier than they disrupt operations. Members additional said that AI in industrial networking could be a spending precedence in the identical time interval, which additional signifies the urgency to arrange operational networks for the best worth AI use instances.

Past the Headlines: What Does it Imply for You?

The findings of the report paint a transparent image of the evolving industrial panorama. Listed here are some key takeaways for organizations as they plan the transformation of their industrial operations:

  • Make investments at a aggressive stage: 63% of respondents have ramped up spending on industrial infrastructure over the previous 12 months. It’s crucial that organizations spend money on their operational community as a aggressive differentiator.
  • Set up sturdy cybersecurity practices: the necessity for sturdy cybersecurity to guard crucial infrastructure has by no means been better. Addressing the rising world risk panorama requires embedding OT safety into the community cloth and powerful distant entry capabilities. For the very newest on OT safety, please see “The Forrester Wave™: Operational Expertise Safety Options, Q2 2024”.
  • Enhance IT/OT Collaboration: Elevated communication and collaboration between IT and OT is important for optimum operational effectivity, improved cybersecurity, simplified operations and lowered prices. It additionally enhances automation and helps handle rising expert labor shortages.
  • Put together for AI: AI is coming to automate duties, enhance operational efficiencies, and generate predictive insights. Making certain your operational community is AI-ready is a excessive precedence for many organizations right this moment.
  • Discover a accomplice who is aware of each IT and OT: Industrial organizations want a accomplice to handle the broad vary of challenges being confronted in each IT and OT right this moment. Additional, strategic companions ought to present deep business insights and community blueprints to make sure a technique that delivers operational simplicity, safety and scale.

Constructing a Safe and Environment friendly Industrial Future

As organizations globally look to construct a safe, environment friendly, and future-proof industrial networking basis, we’re hoping this report offers you context and perception out of your friends to assist your planning and techniques. Cisco is the market chief in each enterprise and industrial networking, and we sit up for working with you that will help you navigate right this moment’s complicated operational panorama.

Obtain the Full Report:

For a deeper dive into the findings of Cisco’s 2024 State of Industrial Networking Report, obtain the full report right here.

 

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