The Internet of Things holds tremendous promise for the manufacturing space. But smart factories may still be more than a decade away, due in part to a lack of solid IT security controls, according to a survey of 1,300 German manufacturing firms and academics. The survey of 1,300 members companies and universities by the German Association for Electrical, Electronic, and Information Technologies (VDE) found that only 20% anticipated adoption of “smart production” (or “Industry 4.0” – as its referred to) by the start of the next decade. In contrast, 70% of those surveyed doubted that smart manufacturing goals would be achieved by 2025, despite obvious advantages. Why the skepticism? One commonly cited reason is a lack of strong IT security. According to a write-up on SAP’s blog, IT security was the most oft-cited obstacle to setting up smart factories. Sixty six percent of those surveyed cited security concerns as a reason to […]