ZEW - Centre for European Economic Research

02/28/2024 | Press release | Distributed by Public on 02/28/2024 08:31

Concerns and Uncertainty Impede AI Adoption in Companies // Concerns and Uncertainty Impede AI Adoption in Companies

Concerns and Uncertainty Impede AI Adoption in Companies

The Commission of Experts for Research and Innovation (EFI) presented its latest annual report to Chancellor Olaf Scholz today. In the report, the commission notes that Germany and the European Union urgently need to catch up in the development and use of artificial intelligence. AI is a key technology that will decisively shape technological and economic development in the coming years.

"AI can open up innovation and growth potentials in many technology sectors and industries, such as product engineering or the pharmaceutical industry," explains Professor Irene Bertschek, head of the "Digital Economy" Unit at ZEW Mannheim and deputy chair of the Commission. "To harness the potentials of AI, it needs to be widely adopted across the economy," adds Bertschek.