At the summit we wanted to hear from our panel with Vanessa Caan
, Managing Director of the German AI Association, Tanja Jovanovic
, Head of Technology and Innovation Management at Bayern Innovativ and Bart de Witte
,founder of Hippo AI + Future/IO how they predict the outcome of the race. Tanja emphasized the academic strength and pointed out that the problem is not a lack of innovative start-ups. The challenge is that good start-ups are moving to the US or Israel when they become scaleups. One challenge is, says Sven Taubert, Head of Corporate Foresight & Market Intelligence at Lufthansa Technik, that AI is often overly technology driven. AI with high potential is often not used because companies fail to see the business case.
Vanessa sees another promising path for AI innovation to be the highly innovative hidden champions, i.e., small companies, for example, from the German Mittelstand, which are globally leading in technology and often with global market shares of over 60%. These companies have a strong appetite for advanced technologies but today still lack AI literacy. But with this right upskilling, these hidden champions can become the motors of AI Innovations in Europe.