Artificial Intelligence: General Purpose Technology

AI algorithms are the foundation of the development of speech-based systems and chatbots, they help to predict production downtimes and support doctors in recognizing and treating diseases. AI algorithms save time and money. More often than not, they even make better decisions than their human counterparts. Sometimes, people ask whether or not AI is only a hype, because methods like neuronal networks have existed for decades. While this observation is correct, I am nonetheless convinced that AI is – unlike in many digital transformation projects – not only a buzzword.