According to a new study, technologies and applications based on artificial intelligence (AI) could lead to an enormous increase in economic output in Germany. A joint study by the Association of the Internet Economy (eco) and the management consultancy Arthur D. Little, published in Cologne on Thursday, found that if AI were to be used across the board in German companies, it would be realistic to expect a growth of over 13 percent in gross domestic product by 2025 (compared with 2019).
The authors of the study calculated that the total potential of the systematic application of AI to be approximately 488 billion euro. Furthermore, they concluded that fears of job losses through AI are unfounded in most cases. "Over 70 percent of AI-supported applications by 2025 won’t replace employees, but strengthen value creation and the competitive position in cooperation with employees," says the study, which was supported by the Vodafone Institute.
According to the study, the sectors that will benefit most are "retail and consumption" and "energy, environment and chemicals," with each gaining just under 100 billion euros.
In certain areas, the performance of AI systems will exceed human capabilities, for example in speech recognition, the identification of objects or language translations.
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