Artificial intelligence (AI), and particularly machine learning algorithms, are transforming the economy and society like no other technology. This book shows decision-makers in companies, as well as all other technology enthusiasts, how AI is being concretely applied today and what economic benefits are being achieved.

After a generally understandable introduction to the technical fundamentals and economic impacts of AI, ten case studies form the core of the book. In these, digital corporations present their AI strategies, and companies from the automotive, chemical, finance, retail, and industrial sectors explain how they are utilizing AI. Finally, a concise overview is provided of what decision-makers in business and politics, as well as interested citizens, need to know about the current ethical debates surrounding AI today.