High-level reporting released by Copia exposes a significant financial impact: $4.29 million per hour of downtime for executive suites, revealing a substantial "perception gap" when compared to the plant floor.
In a recent report, Copia Automation, a leader in Industrial DevOps and Industrial Code Lifecycle Management (ICLM), has highlighted a significant "perception gap" between senior executives (C-suite) and operational managers regarding the causes and costs of downtime in the industrial sector.
The report, available for download at this link, shows that while senior executives attribute over half (52%) of all downtime to industrial code issues, operational managers see code as a much smaller factor (30%). Instead, they often blame hardware malfunctions and human error as primary causes.
This gap creates misalignment in understanding and addressing industrial risks and downtime. Senior executives view code-related risks and cyber issues as multi-million-dollar problems, while managers focus on immediate physical system repairs. This disconnect can sabotage progress in adopting Industrial DevOps and related technologies, as different levels of leadership prioritize different problems and solutions.
Without alignment, companies may struggle to implement effective change management or standardize practices in managing complex industrial code, which is critical for reducing downtime costs estimated at $4.29 million per hour and improving operational resilience.
The report highlights that a robust Industrial Code Lifecycle Management platform can help close this perception gap by providing a single, unified source of truth, enabling the entire organization to align its understanding of risks and solutions. This alignment is crucial as nearly 92% of industrial manufacturers are committed to Industrial DevOps within the next year to better manage their codebase and prepare for increasing demands from Industrial AI and cyber-physical complexities.
Copia Automation's platform, intelligently enhanced by integrated AI, empowers industrial enterprises to manage the complex lifecycle of automation code that runs their production lines. The platform includes features like automated backup and recovery, Git-based version control, and collaborative change management directly into the OT environment.
Adam Gluck, CEO and Founder of Copia Automation, stated that a robust Industrial Code Lifecycle Management platform can close the perception gap. He emphasized the need for a unified platform for integrating OT cybersecurity tools with industrial code management tools.
The 2nd Annual State of Industrial DevOps Report, issued by Cision PR Newswire, signals a tipping point, with 92 percent of manufacturers committing to Industrial DevOps within the next year. For more information, visit Copia Automation's website.
[1] Downtime costs estimated at $4.29 million per hour. (2022, March 30). Retrieved April 1, 2022, from https://www.prnewswire.com/news-releases/new-copia-automation-report-reveals-4-29mhour-downtime-cost-for-c-suite-exposing-critical-perception-gap-with-plant-floor-302518945.html
[2] Perception gap in industrial sector revealed. (2022, March 30). Retrieved April 1, 2022, from https://www.prnewswire.com/news-releases/new-copia-automation-report-reveals-4-29mhour-downtime-cost-for-c-suite-exposing-critical-perception-gap-with-plant-floor-302518945.html
[3] 92% of manufacturers committed to Industrial DevOps within the next year. (2022, March 30). Retrieved April 1, 2022, from https://www.prnewswire.com/news-releases/new-copia-automation-report-reveals-4-29mhour-downtime-cost-for-c-suite-exposing-critical-perception-gap-with-plant-floor-302518945.html
[4] Operational managers attribute less than half of downtime to industrial code issues compared to C-Suite (52%). (2022, March 30). Retrieved April 1, 2022, from https://www.prnewswire.com/news-releases/new-copia-automation-report-reveals-4-29mhour-downtime-cost-for-c-suite-exposing-critical-perception-gap-with-plant-floor-302518945.html
- The news report released by Copia Automation reveals a considerable perception gap between senior executives and operational managers regarding the causes of industrial downtime, with the former attributing over half of it to industrial code issues and the latter attributing less than half.
- In an effort to close the perceived gap, Copia Automation advocates for a robust Industrial Code Lifecycle Management platform that integrates OT cybersecurity tools with industrial code management tools, thereby promoting alignment in understanding and addressing industrial risks and cybersecurity issues in the cloud era.
