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SAP News, MAG 18-11

Artificial intelligence - Faster than the steam engine

According to McKinsey forecasts, AI can increase global GDP by an additional 1.2 percentage points per year on average by 2030. AI exceeds the growth effect achieved by steam engines (0.3), industrial robots (0.4) and information and communication technologies (0.6).
E-3 Magazine
December 17, 2018
Content:
Artificial Intelligence - Faster than the Steam Engine
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This text has been automatically translated from German to English.

The study "Notes from the Frontier: Modeling Impact of AI on the World Economy" by the McKinsey Global Institute (MGI) examines how the use of AI technologies will affect the global economy - across countries and sectors.

Overall, artificial intelligence could add an additional USD 13 trillion to global value creation by 2030. In the study, MGI, the economic think tank of management consultants McKinsey, examined the impact of AI technologies on the global economy, based on the adaptation of various AI technologies.

3,000 companies from 14 sectors were surveyed. Process automation and advanced machine learning - these technologies are the most likely to be used by companies in the future:

By 2030, around 70 percent of companies will use at least one of the aforementioned AI technologies, according to MGI researchers.

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According to McKinsey, artificial intelligence could become the technology with the greatest impact on global economic growth in 200 years.
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EU Commission Opens Investigation Into Possible Anticompetitive Practices by SAP

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450 billion through AI agents and humans

Working on the SAP basis is crucial for successful S/4 conversion. 

This gives the Competence Center strategic importance for existing SAP customers. Regardless of the S/4 Hana operating model, topics such as Automation, Monitoring, Security, Application Lifecycle Management and Data Management the basis for S/4 operations.

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The event is organized by the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes attendance at all presentations of the Steampunk and BTP Summit 2026, a visit to the exhibition area, participation in the evening event and catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due course.