The strategic relevance of Artificial Intelligence for corporate success in the energy market Online publication date: Mon, 18-Aug-2003
by Christiane Gebhardt
International Journal of Technology, Policy and Management (IJTPM), Vol. 2, No. 2, 2002
Abstract: The role of federal Science and Technology spending in enabling or stimulating economic growth has been frequently questioned. Based on our study on Artificial Intelligence (AI) and the energy industry, we show that there is empirical evidence that technology policy has led to the provision of a knowledge base which allows for innovative development and contributes to the competitive advantage of national champions. In this paper, we compare the US situation to that of Germany. In both countries, we analyse S&T long-term spending on AI on and show how Information Technology corresponds with the performance of different industrial sectors in the high technology sector. We will then focus on the impact the use of AI in the energy sector - a key industry for economic growth - has on the developmental path of AI. Resuming, we underline the necessity to adapt public S&T programs to the evolving network paradigm in the business sector and in AI. We conclude that S&T policy needs to take these changes into account to enable future economic growth.
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