AI is used by more than a third of EU businesses, enabling them to meet their digital objectives

AI is used by more than a third of EU businesses, enabling them to meet their digital objectives

STOCKHOLM: According to a study commissioned by Amazon Web Services, as generic AI becomes more common, over one-third of European firms anticipate using AI by 2023.

The executive branch of the European Union, the European Commission, unveiled its 2030 Digital Decade plan to modernize the area in 2021. This plan calls for 5G connection across the region, 80% of people to have a basic understanding of technology, and 75% of EU businesses to use cloud services. Previously.

However, just 25% of EU companies have used AI by 2022, and according to a research from the previous year, EuropeWithout concentrating on bridging the skills gap, countries risked seeing the Union 10 years behind schedule on its Digital Decade targets.

"Last year was significant," AWS managing director Tanuja Randeri told Reuters. "From Malmö to Milan, the reach of generic AI created an appetite for experimentation among consumers and businesses."

"Europe has met its Digital Decade goals thanks to the accelerated use of AI over the past year," he said.

According to a Strand Partners poll of 14,000 firms and almost 16,000 individuals, 38% of the companies were experimenting with artificial intelligence.

Up from a previous estimate of 2.8 trillion euros, the analysis projects that AI will have a positive economic effect of an extra 600 billion euros.