Deus Ex Machina?

cybersecurity, education, Employee branding, Industry Today, manufacturing, technology 2 Minutes

It’s hard to ignore AI. It seems every news article has something to say about how AI is going to transform society, for good or for bad. Indeed, here at Industry Today we’ve published 666 articles on the topic (yes, that just happens to be the actual number, there’s no hidden demonic message). Whatever your thoughts on the dangers or promises of AI, the proverbial genie is out of the bottle. How is industry going to use that genie to make a better world not only for the products it makes, but for the people making those products?

According to a new report by Markets and Markets, “The Global Artificial Intelligence in Manufacturing Market size is estimated to be valued at USD 3.2 billion in 2023 and is anticipated to reach USD 20.8 billion by 2028, at a CAGR of 45.6% during the forecast period. The market growth is ascribed to emerging industrial IoT and automation technology. AI in manufacturing market’s growth in the US is fueled by automation for increased efficiency and lower costs, with predictive maintenance and quality control optimizing products.” 

That said, there remains a reluctance among manufacturers to adopt AI-based technologies. It isn’t some science fictional fear of the robots taking over, but rather that potential mismanagement of AI investment might lead to more costs than potential savings. Additionally, there is some skepticism that AI benefits are all that they are claimed to be. Additional challenges include lack of a skilled workforce to manage AI-based systems and concerns about data privacy and cybersecurity regulations.

No question that AI is revolutionizing business processes. But it’s not a deus ex machina (meaning “god from the machine,” a convention of Greek theater in which plot lines were resolved by actors portraying gods who were were literally lowered to the stage as if coming from the heavens; the phrase is sometimes used to characterize certain ideas as magical thinking). The reason we refer to the “digital journey” is that we need to tread carefully to learn each step of the way. 

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