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Artificial Intelligence

MacKinsey sees AI spurring economic growth in Germany

The corporate and strategy consultants of the U.S. company McKinsey have concluded in an analysis that by 2030, artificial intelligence (AI) could dramatically boost the German economy by up to 10 billion euros.

12 May. 2017
MacKinsey sees AI spurring economic growth in Germany (Photo: McKinsey)

The consultancy firm with a branch office in Germany analyzed the three main fields of application for artificial intelligence in its study . McKinsey expects the 10-billion-euro increase to result from higher productivity along with the creation of new, value-adding fields of activity. "The use of artificial intelligence has particular potential in manufacturing industries, with their large share of predictable activities," says McKinsey partner Matthias Breunig. A 20% increase in plant utilization would be possible if, for example, pro-active maintenance work were carried out. For individual work steps, targeted cooperation between robots and people could also increase productivity by 20%.

The consultants' recommendations to companies included starting their own pilot projects without losing sight of profitability as well as developing their internal AI competences. Small tests should also be implemented quickly, as agility is a prerequisite for success.

On the other hand, some scientists are less optimistic about artificial intelligence, as the news portal reports: They see AI as a serious threat that, in the worst case, could usher in the end of humanity. They see artificial superintelligences, which under unfavorable circumstances could become self-sufficient and self-assertive, as a particular danger.