Absolutely yes. Use a Pi as an industrial computer.
I've seen stuff fail in industry. I've seen stuff work in industry. It seems semi-random what works and what fails.
By all means, try to make a "hardened" version of the Raspberry Pi - lots of companies make them - for your application. It will make it more robust but it doesn't guarantee anything.
But nor does buying a super-expensive industrial PC.
With the position of RaspberryPI in the embedded computing space at the moment, they are a sure choice. Their firmware updates happen, their new revisions are released, and there is heaps of community support (and professional, should you need it).
No other vendor has *anywhere* near as many units in the field. That alone has something to commend it.
I certainly wouldn't trust most of the "Pi wannabe" boards, because although they often tout good hardware specs, they're "here today, gone tomorrow". Pi is here to stay, and the RPF has a good attitude to supporting older models.
Loads of people like to complain about Pi, the hardware, the foundation, the "it's not as open-source as I'd like", but honestly, I think it's a good thing that we have something like this to make a standard for cheap embedded systems.
So your choice- buy an embedded PC from a big vendor for 10x more than a Pi, with worse long-term support, or get a Pi and know that it will still be around for a number of years, and you have enough budget to have several spares in the store room. The Pi device might fail, but the Foundation and the community probably won't.