Modernisation and upgradess involve changing the product or service to include new functions and interfaces, improve system performance, and/or improve system supportability.
The difference between modernization and upgrade boils down to scale and investment. When one upgrades a part of their industrial process, they are upgrading a specific machine or production line. This is to address an outdated technology or a particular piece of equipment that isn’t working as optimally as it should. This is a smaller investment that provides a quick turnaround. It is a one-for-one replacement process for aging parts.
Modernization is the overhaul of an entire service process. This involves several pieces of equipment being upgraded, not just one piece. It involves applying contemporary technology to solve obsolete equipment and processes, which improves future productivity and helps future-proof of requipment service life.
Upgrade: If an equipment is constantly failing, but at a specific point, an immediate upgrade could solve the issue while a plan for modernization is developed
Modernize: If you are plagued by high maintenance costs and excessive downtime, modernizing your system will help streamline your process and improve efficiency