Germany’s GDP will be influenced by AI
According to a study conducted by the Internet Economy Association, the use of technology and applications has brought benefits to the German community and economy
Technologies and applications based on artificial intelligence (AI) could greatly increase economic performance in Germany, according to a joint study by the Internet Economics Association (eco) and business advisor Arthur D. Little.
According to this study, if artificial intelligence was widely used in German companies, it would be realistic to think of a gross domestic product (GDP) growth of more than 13% by 2025.
However, this potential could only be exploited if certain conditions exist. According to the study, the authorities should clear legal doubts related to the application of artificial intelligence that still exist under the European General Data Protection Regulation (GDPR).
In addition, it calls for not stopping research through excessive regulation and incorporating basic knowledge of AI systems and methods into public education.
“Users must be able to rely on artificial intelligence technologies and understand their mode of operation,” says Inger Paus, manager of the Vodafone Institute. He supported the study and added that comprehensive pedagogical concepts are essential for this. “We still have to recover a lot here,” he stressed.
The study authors calculated that the systematic application of AI could generate about 542,000 million dollars, of which 70% would correspond to cost savings 30% to billing.
In addition, they claim that the fear of losing jobs due to artificial intelligence is unjustified in most cases.
“More than 70% of applications supported by artificial intelligence until 2025 do not replace workers, but strengthen in collaboration with workers the creation of value and competitive position”, they add.
K. Tovar
Source: dpa
