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Applying data and AI in Spanish industry will have an impact on GDP of 16,500 million by 2025

The Application of data and Artificial Intelligence in the industry of Spain going to have a very notable impact on Spanish GDP between now and 2025: 16,500 million of euros. This was stated by the experts gathered at the I IndesIA Forum, launched by the association of the same name, dedicated to the application of Artificial Intelligence in industry, and which includes companies such as Repsol, Gestamp, Navantia, Técnicas Reunidas, Telefónica, Microsoft, Airbus and Ferrovial. Your goal is position Spain as a benchmark in the use of data and AI in the industrial field and promote the development of the economy and the recovery of the country.

Under the name of “The impact of Artificial Intelligence in industry”, IndesIA, which has the support of the Basque Artificial Intelligence Center (BAIC) and Accenture, the main directors of the associated entities, as well as references and experts in the field of AI in industry have reflected on the role of Artificial Intelligence in boosting the economy, improving competitiveness and the future of industry, both Spanish and European.

They also discussed the transformation that Spain needs, which according to them has a very prominent position to achieve it. This is because it already has a robust and sophisticated infrastructure for broadband, fiber and 5G connection. With this, in Spain Artificial Intelligence can be promoted in better conditions than in other EU countries.

The participants in the photo have highlighted that Spain already has leading companies in relevant sectors that are already using AI. For example, in banking, telecommunications or energy. In addition, these act as tractors for the rest of the companies. To this we must add that the country has the capacity to train and attract talent. Participants have also highlighted the opportunity offered by European recovery funds. In addition, they have highlighted the need for SMEs to increase their use of technology, as well as to develop their own technology so as not to depend only on that of other countries.

The challenges of adopting AI and data in industry

For the participants in the photo, the solution to face the main challenges that the industry has to face is the identification of use cases in which applying AI will help. For example, the creation of smart, autonomous, flexible, sustainable and virtualized factories. But also the performance of predictive maintenance tasks to avoid incidents in production plants, as well as to improve productivity.

As for the data, it is necessary to take into account its ethics and its regulation, which until now is different in each country, and depends on them. Data spaces must also be created to facilitate their democratization and access to them, encouraging their sharing and processing. But for this, those who have participated in the forum have highlighted that the data collected must be of quality, and that spaces must be developed to share it and process it little by little. They have also stressed that it is necessary to establish standards that guarantee trust.

On the other hand, the impact of AI on sustainability has also been pointed out, and the possibility of developing algorithms that contribute to facilitating the achievement of energy efficiency, the development of new materials or the reinforcement of the circular economy. The need to work on reducing the energy consumption that AI implies has also been highlighted. To achieve this, they have pointed out the impact that the use of supercomputing will have.

Among the main problems for the adoption of AI and data in the industry, the participants in the forum have pointed out the lack of qualified and expert personnel in both categories, which also slows down the growth of companies and economic recovery. Thus, there is an increasing demand for professionals with knowledge of Artificial Intelligence.

However, they are aware that In Spain there are 200,000 STEM positions that will not be filled in the next two years. For this reason, the members of the forum point out the importance of adapting academic curricula and training programs, with the introduction of AI in new and existing degrees.

150 million financing for industry 4.0

In this first edition of the IndesIA forum, in addition to all the CEOs of the companies promoting IndesIA, the General Secretary for Industry and Small and Medium Enterprises of the Ministry of Industry, Commerce and Tourism, Raúl Blanco Díazwhich has indicated the Government’s commitment to plans to promote Artificial Intelligence and digitization.

As an example, the launch of a financing plan of 150 million euros for Industry 4.0 which will be launched by the Government at the end of next March. Also the PERTE related to mobility and the promotion of the electric vehicle, the one related to the agri-food sector and the naval sector.

The Secretary of State for Digitization and Artificial Intelligence of the Government of Spain, Carme Artigas, also participated, referring to Spain’s commitment to innovation and technological disruption, promoting decisive sectoral digitization processes to integrate Artificial Intelligence into Value chains. Artigas, who has highlighted that Spain must become an innovation hub, has assured that in 2030, 75% of companies will have to incorporate AI and data into their processes, which will only be achieved if access is facilitated for SMEs To the change.

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