CIO OPINION rigorous data collection to ensure compliance with regulatory requirements .
Embracing these changes to make a strategic shift will drive manufacturing in Asia-Pacific into the future , unlocking the full potential of the industrial IoT and enabling novel operational paradigms .
Challenges on the horizon
Although modernisation – particularly driven by AI – is widespread across enterprises , there are still major security concerns . Rackspace ’ s Technology FAIR 2024 AI Research report found that only half of the respondents surveyed say their organisations are compliant with data management and retention policies . Additionally , 55 % of respondents are wary of cybersecurity risks presented by AI .
Another major concern is ethics , with over half of respondents citing preoccupation with the responsible and ethical use of AI as part of their AI governance strategies . When asked to describe Responsible AI , 60 % said it pertained to data privacy while 52 % said accountability . Transparency was cited by 50 % of respondents . This underscores the importance of laying the governance groundwork first to ensure that AI risks are properly mitigated and managed .
Crucially , the number of people concerned with AI governance is low when compared to AI adoption rates , indicating that there is a potentially misplaced sense of security and trust that IT leaders have in AI systems . This is something that should be immediately addressed .
When it comes to talent , Rackspace Technology found that companies are hustling to fill the gaps in machine learning and data engineering ( 43 %), software development , data analytics ( 40 %) and data governance ( 38 %).
The problem is that most organisations don ’ t offer formalised training programs . Only about 40 % of organisations have training programs for AI while about 58 % say they plan to implement something in the future .
Fortunately , these aforementioned challenges are not without solutions . The onus is on manufacturers to make smart investments and strategies .
Manufacturers must shift to the cloud and connect with experts who can customise tools and solutions that fit their business and organisational needs . Collaborating with the right partners will enable manufacturers to create a solid foundation for manufacturing innovation . p
46 INTELLIGENTCIO APAC www . intelligentcio . com