NUREMBERG / LONDON (IT BOLTWISE) – A current study shows that the increased use of artificial intelligence could significantly increase economic growth in Germany. According to the analysis by the Nuremberg Institute for Labor Market and Occupational Research, the gross domestic product could increase by 0.8 percentage points annually. Despite potential upheavals in the labor market, the total number of jobs is expected to remain stable.
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Artificial intelligence (AI) is the focus of a new study that examines the potential of this technology for economic growth in Germany. According to the analysis by the Nuremberg Institute for Labor Market and Vocational Research (IAB), AI could increase gross domestic product (GDP) by 0.8 percentage points annually over the next 15 years. This forecast is based on the assumption that AI will lead to significant material savings, increased labor productivity and the development of new business areas.
The study highlights that the use of AI not only brings economic benefits, but could also lead to profound changes in the labor market. While some jobs may be threatened by automation, the overall number of jobs is expected to remain stable. This is because new fields of work are emerging and existing professions are being supplemented by AI technologies.
Another aspect of the study is the potential value creation through AI, which is estimated at 4.5 trillion euros. This added value results from increasing efficiency in various industries, in particular through the optimization of production processes and the introduction of innovative business models. By using AI, companies could significantly increase their competitiveness and open up new markets.
However, the effects of AI on the German economy are not only positive. Experts warn of possible challenges, particularly in relation to workforce skills. In order to fully exploit the advantages of AI, comprehensive training of the workforce is required. This presents both companies and educational institutions with new tasks in preparing employees for the requirements of digital transformation.
Overall, the study shows that artificial intelligence could be a significant driver for future economic growth in Germany. The challenge is to make optimal use of the potential of AI without endangering social and economic structures. A balanced strategy that takes into account both technological innovation and social responsibility is crucial to the success of this transformation.
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