AI-based GDP growth is trillions of euros worldwide. Germany is best positioned in Europe, says the consulting firm PwC. China is far ahead of the rest of the world.
Artificial Intelligence Provides Growth Spurt
Using artificial intelligence (AI) is for businesses Essential for survival, say the experts of the consulting company PricewaterhouseCoopers (PwC), which is also represented in Düsseldorf. Many leave that cold. However, they risked losing their technological connection and thus their competitiveness – a risk which, according to a PwC study, is underestimated. The consulting firm interviewed 500 decision-makers from private companies on this topic. According to 48 percent of the respondents consider this technology to be irrelevant. Just one-third of the risk is perceived as large or very large in losing market share to AI-affine competitors.
AI turns unknown companies into market leaders
According to PwC, AI is developing very fast “To a key technology. The most important fields of application are data analyzes for decision-making processes and the automation of existing business processes. “We will see companies as market leaders that are still unknown today,” say the PwC experts.
AI or AI (Artificial Intelligence) is a branch of computer science. This means empowering machines by software, much like humans make decisions. In addition, the program constantly learns from the experience gained. PwC estimates that German gross domestic product (GDP) will increase by more than 11% by 2030, based solely on AI-based solutions. That corresponds to a potential of around 430 billion euros. This is shown by a detailed analysis of Germany’s global PwC study “Sizing the prize. What’s the real value of AI for your business and how can you capitalize? “
Innovation has the biggest impact
After that, AI catapults world GDP by 14% to $ 15.7 trillion by 2030 (around 14 trillion euros). The strongest effect comes from innovations. Companies are increasingly bringing to market products that are better quality and more tailored to each customer than previous offerings. That boosts demand. Second driving force is productivity gains thanks to AI, which make companies more competitive. As an example, the PwC experts call autonomous driving, which gives people the freedom to work productively elsewhere.
China is the biggest beneficiary, “not least thanks to state subsidies,” according to the PwC experts , AI-based growth alone would be an impressive 26% by 2030. Germany (11%) and North America (14.7%) are far behind. With eleven percent, Germany is ahead of its neighbors, which are growing at 9.9 percent. Now ignoring
AI now too ignore can become expensive later
New Jobs Eliminate Job Losses
Growth is accompanied by mass job losses. However, the PwC experts see no reason to panic. New jobs would make up for the losses. However, it is true that, above all, simple work is taken over by machines. Truck and bus drivers will not exist in the medium term. Whether the released here but can be active in the AI area is likely to be questionable. Among the new jobs is that of the road controller, who has similar tasks as air traffic controllers. He has to ensure that ground-based traffic runs smoothly.
PwC identifies health care and transport as the largest profiteers in Germany, closely followed by financial services, transport and logistics, information and communication technology and trade. The rear ends are energy and the manufacturing sector.