EP 215 - Revolutionizing Manufacturing and Energy: IoT and AI in Action
In this episode, we speak with Onofrio Pirrotta, Senior Vice President and Managing Partner at Kyndryl, about the state of IT readiness in industrial sectors. We dive into key findings from Kyndryl’s 2024 Readiness Report, the role of AI and IoT in digital transformation, and strategies for overcoming barriers to scaling innovation. Onofrio shares insights on bridging IT and OT, managing cybersecurity risks, and structuring governance models to drive ROI from new technologies. Key Insights: • The Readiness Paradox: 88% of manufacturers believe their IT environments are best-in-class, yet 55% say their tools are outdated, and only 31% feel prepared for future risks. • Bridging IT and OT: Successful digital transformation requires breaking down silos between IT and operational technology teams to enable enterprise-wide adoption. • Scaling Innovation: Many industrial firms struggle to move IoT and AI pilots beyond proof-of-concept due to unclear ROI and governance challenges. A structured framework with executive sponsorship is key. • Cybersecurity & Resilience: Large enterprises face increasing regulatory and supply chain security pressures. Simplifying cybersecurity tools and adopting a zero-trust framework are top priorities. • AI-Driven Operations: AI is increasingly auto-resolving IT infrastructure issues, reducing downtime and improving efficiency. However, companies must balance innovation with data security and compliance. Resources: • IoT ONE database: https://www.iotone.com/case-studies • Industrial IoT Spotlight Podcast is produced by Asia Growth Partners (AGP): https://asiagrowthpartners.com