In today's rapidly evolving digital landscape, the fusion of Information Technology (IT) and Operational Technology (OT) is reshaping asset management across diverse sectors. This integration of differing technological spheres facilitates greater efficiency, enriched data visibility, and superior decision-making potential, drastically enhancing the asset management lifecycle.
The convergence of IT and OT: A new industrial reality
Historically, IT and OT functioned in distinct silos, each delivering crucial but separate functions. Primarily dealing with business and administrative operations, IT is accountable for data-focused computing tasks. Conversely, OT relates to control systems managing the observational and event-based activities in industrial settings.
Nevertheless, in our increasingly interconnected world, separating IT and OT is no longer practical. Organisations are now striving to leverage the full potential of IT/OT convergence, advocating for more unified and cohesive operations. A successful union of OT systems, which govern real-time industrial processes; and IT systems, which handle data analysis and strategic decision-making, is emerging as a fundamental element of contemporary asset management.
Leveraging integration for the asset lifecycle
This convergence significantly enriches the asset management lifecycle. From supporting key tasks like asset tracking and performance analysis to forecasting maintenance needs and optimising usage, this integration strengthens each phase of the lifecycle.
During the acquisition phase, IT/OT convergence allows for informed asset selection by extending the range of available data for decision-making. In the operation and maintenance phase, this fusion enables efficient asset performance tracking, anomaly detection, and malfunction prediction. Artificial Intelligence (AI) and Machine Learning (ML) algorithms, which are key components of IT, can evaluate data from OT systems to predict failures and optimise maintenance schedules. In the retirement phase, data collated from both IT and OT can help determine the optimal time for replacing or retiring assets based on their usage, performance, and maintenance.
Navigating convergence challenges
Despite its significant potential, IT/OT convergence isn't exempt from challenges. The merging of IT and OT environments expands the potential exposure to cyber threats, necessitating robust cybersecurity safeguards. Cultural and operational disparities between IT and OT can also create obstacles. IT typically embraces agile work methodologies, with frequent software updates, while OT values stability and reliability. Effective change management strategies, comprehensive workforce training, and transparent communication are necessary to harmonise workflows and bridge cultural gaps
