“At the moment, building trust is the key criterion for the success of digitalization,” says Franz Köbinger. He knows what he’s talking about. As a Marketing Manager Digital Enterprise at Siemens, he knows his customers very well, and he realizes that for many companies there’s still a high threshold to cross before they can confront this topic. “However, digitalization can unlock tremendous potential, and that can only benefit everyone,” he says. This view is supported by current developments: Approximately 8.4 billion devices were connected with the Internet in 2017. According to forecasts, that number will increase to 20.4 billion by 2020. In the future this will enable industry to continue raising its standards of quality and make its production processes flexible and cost-efficient.
“Nonetheless, many people are worried that the networking that makes this connectivity possible could make them vulnerable,” Köbinger adds. There's a good reason for this concern. The damage caused by cyberattacks in 2017 was estimated at more than €500 billion. And the more devices and machines are connected with one another, as is the case with the Internet of Things (IoT), the greater seems the danger of being hacked.