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Vera Demary / Henry Goecke IW-Trends No. 4 26. October 2019 Artificial Intelligence: German Companies between Risk and Opportunity

Artificial intelligence (AI) is an important technology for the future, promoting the development not only of completely new products and services but also of innovative business models.

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German Companies between Risk and Opportunity
Vera Demary / Henry Goecke IW-Trends No. 4 26. October 2019

Artificial Intelligence: German Companies between Risk and Opportunity

IW-Trends

German Economic Institute (IW) German Economic Institute (IW)

Artificial intelligence (AI) is an important technology for the future, promoting the development not only of completely new products and services but also of innovative business models.

A survey conducted in 2019 of 686 companies in manufacturing and related services showed that some 10 per cent of them were already using AI. In many cases they apply the technology not only for initial testing, but also for more advanced purposes, such as complete AI-based products and services. Asked for their assessment of the importance of AI, firms tended to regard AI as a risk for both their own company and their own industry. This was especially true for firms that do not themselves use AI. However, with regard to the importance of AI for Germany and the global economy, the majority of companies surveyed perceived AI as an opportunity. A more comprehensive understanding of the benefits, potential applications and investment needs of AI could remedy this contradiction. In the last two years, companies using AI have invested an average of 1 per cent of their annual turnover in this technology.

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German Companies between Risk and Opportunity
Vera Demary / Henry Goecke IW-Trends No. 4 26. October 2019

Vera Demary / Henry Goecke: Künstliche Intelligenz

IW-Trends

German Economic Institute (IW) German Economic Institute (IW)

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Thomas Eger / Marc Scheufen in European Journal of Law and Economics External Publication 27. May 2024

The Law and Economics of the Data Economy: Introduction to the Special Issue

This article intends to provide a framework to better understand the economic problems and legal challenges resulting from the transition of the European economy to a data economy.

IW

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Thomas Eger / Marc Scheufen (Eds.) in European Journal of Law and Economics External Publication 24. May 2024

Special Issue: The Law and Economics of the Data Economy

This special issue on “The Law and Economics of the Data Economy” for the “European Journal of Law and Economics” collects 8 contributions from 15 authors of 7 countries (Belgium, Hungary, Italy, France, Germany, Switzerland and USA).

IW

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