Packaging executives face a critical tradeoff: sharing data in cloud-based lakes creates significant value, but increases security and privacy risks that require robust governance strategies and collaboration between IT and OT teams.
- Data lakes offer tremendous economic benefits when shared across organizations, but security vulnerabilities can be profoundly expensive if exploited
- Tension between IT and OT teams in factories often prevents data sharing due to confidentiality concerns and security risks
- Cloud storage enables cross-organization data sharing, but requires strong governance to protect sensitive information
- IT specialists must be involved in data analytics discussions to bridge the gap between IT security concerns and operational technology needs
- Effective data governance requires robust strategies for managing data collection, storage, and access while ensuring privacy compliance
Packaging executives are finding data governance is a double-edged sword; increasing access to data can bring major benefits, but it comes at a risk to security.
That’s according to PMMI Business Intelligence’s 2024 report “Transforming Packaging and Processing Operations,” which analyzes the responses of packaging industry executives at the 2024 Top to Top Summit. The data governance and security challenges these executives have experienced emphasize the need for robust strategies to manage and protect the data collected and stored in data lakes.
This includes concerns about interoperability and sharing data across different platforms and stakeholders while ensuring data security and privacy.
One panelist at the Summit pointed to the importance of storing data in the cloud so it can be shared across organizations.
“The more data you have, the more value you’ll create at the data lake. The more people who have access to the data, the more that value can actually be realized,” the panelist said.
However, concerns over data security and confidentiality can prevent data from being shared and fully leveraged. These are often most acute within IT teams in factories and can lead to tension between IT and OT teams.
It was suggested at the Summit that action is needed to bring together IT and OT leaders and involve IT specialists more in discussions about data analytics.
Although the technology to leverage data offers “tremendous economic benefits,” as one respondent explained, there are very real risks that can be “profoundly expensive to the organizations if any of these security vulnerabilities get exploited.”
SOURCE: PMMI Business Intelligence: 2024 Transforming Packaging and Processing Operations
For more insights from PMMI’s Business Intelligence team, find reports including “2024 Craft Beer and Spirits: Success Through Packaging” and “2023 The Impact of Global and Local Standards on OEMs and Suppliers” at pmmi.org/business-intelligence.
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