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HANNOVER MESSE 2019, 01 - 05 April
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Artificial Intelligence

Startups are the most important drivers of innovation

Fresh ideas in the area of artificial intelligence tend to come not from big corporations but frequently from startups, as a new Roland Berger study illustrates.

31 May. 2018
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Startups are the most important drivers of innovation (Photo: ROLAND BERGER GMBH & ASGARD CAPITAL VERWALTUNG GMBH)

All major economies count on the innovative strengths of startups. But their geographical distribution is rather uneven. Around 40% of the startups in the field of AI, for example, are based in the United States. Europe is still in second place with 22% – followed closely by China and the startup country, Israel. The individual EU countries, however, are not strong enough on the international stage. Europe therefore has to use its size as an advantage and speak with one voice when it comes to AI, the Roland Berger experts recommend in their new study Artificial Intelligence - A strategy for European startups .

The European Union could develop the business status of startups further, investors must invest more in young companies, and industry must intensify its interaction with the research sector. The fact that some big companies are already very active in AI research is illustrated by the software company Oracle . The new Oracle Adaptive Intelligent application processes large volumes of information extremely quickly during production processes and identifies faults and their causes in real time.

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