1. Home
  2. Studies
  3. Artificial Intelligence: 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

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.

Download PDF
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

Download PDF

Share this article:

or copy the following link:

The link was added to your clipboard!

German Economic Institute German Economic Institute

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.

Download PDF
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

Download PDF

German Economic Institute German Economic Institute

Share this article:

or copy the following link:

The link was added to your clipboard!

More on the topic

Read the article
Digital Innovation for Decarbonization
Hubertus Bardt Event 3. June 2022

virtual symposium: Digital Innovation for Decarbonization

Cracking the „twin challenge” of digital and green transformation could have a huge impact on future energy supply and decarbonization. Our experts will show the potentials of digital innovation along the entire value chain, from energy production to a ...

IW

Read the article
Adriana Neligan / Rupert J. Baumgartner / Martin Geissdoerfer / Josef-Peter Schögg in Business Strategy and the Environment External Publication 23. May 2022

Circular disruption: Digitalisation as a driver of circular economy business models

New circular business models can evolve at all stages of the life cycle of a product. Digitalisation can drive disruptive innovations, new business models and novel ways of collaboration and thus can accelerate the economic transition to more ...

IW

More about this topic

Content element with id 8880 Content element with id 9713