Thank you for posting this, it reaffirms what I've been thinking for so long. There are many opportunities to retrofit old systems of all types with modern low-cost embedded technologies.
Around 2019 or so I was approached by an engineer who had a small business retrofitting very old machine tools with modern motion controls. Think very large lathes and planers. The problem they had was that in order to get these systems working with newer controls, they had to make time-consuming modifications to the old machines, in some cases modifying the axis motors and that cost added up quickly. The engineer realized that it was theoretically possible to take the old analog position signals and convert them into something a modern motion controller could read. That converter box would make the retrofit pretty much plug & play, but he didn't have the programming expertise to make it happen.
We probably built the first iteration of the converter for under $50 in parts and less than 50 hours of development time. That had me searching for other similar opportunities. I have found a few, but they tend to be one-offs that aren't worth the time unless you're already building something similar. Either that or my ability to see opportunity sucks!