Written by Jan De Roeck
Marketing Director
Part of my daily routine is to spend half an hour each morning scanning my favorite news websites for relevant announcements, tech innovations, or important market events. Whether it’s about the latest printing press innovations, the next ecommerce platform, or the future of the label industry, (Generative) Artificial Intelligence has emerged as the buzzword du jour.
It’s capturing imaginations across industries and promising to revolutionize everything from healthcare to finance. Its potential is undeniable, with capabilities that seem to expand daily. And those of us deeply entrenched in the packaging and printing industries are observing with keen interest how this technological tidal wave is beginning to reshape our sector.
According to reports by market data firm McKinsey (Sizing the potential value of AI and advanced analytics | McKinsey), AI technologies could potentially create between $3.5 trillion and $5.8 trillion in annual value across nine business functions in 19 industries, including manufacturing and supply chain management.
AI at Esko: A Measured Approach
It’s only natural that our industry, with its rich history of technological innovation, would embrace AI. However, I often feel the role and use of artificial intelligence is being overstated in the promotion of products and services. Terminology like “smart” or “machine-learning” or other vague descriptions seem to be used to jump on the AI bandwagon without being able to substantiate these claims. In fact, there’s a new word that’s been invented to identify this deceptive marketing tactic: AI washing.