Martin Schulze, CEO BusinessCode

AI Will Significantly Enhance Value Creation in Mechanical Engineering

Event: „Zukunft von Industrie mit Circular Economy und KI“ on November, 19, 2024, 18:00 at Deutsches Museum Bonn.

Bonn-based IT service provider BusinessCode is a leading expert in digitalizing business processes and creating added value from organizational data. For its software developers, working with AI is part of their daily routine. Martin Schulze, CEO of BusinessCode, will speak about AI’s impact on industry at the Deutsches Museum in Bonn on November 19, 2024.

Bonn, October 29, 2024 – “Who will develop software in the future: humans or AI? And what will this mean for the industry?” These questions and more will be addressed by Martin Schulze on November 19, 2024, as he joins a panel at the Deutsches Museum Bonn. The discussion, hosted by the Kunststoff Initiative Bonn / Rhein-Sieg and the Initiative Industrie, will center on the topic “The Future of Industry with Circular Economy and AI.”

“No other field is experiencing such rapid change through AI as software development itself,” says Martin Schulze, CEO of BusinessCode GmbH. Like many other providers, the Bonn-based service uses AI to support its daily operations, with AI-driven programming already saving between 10 and 50 percent of time depending on the context. This is only the beginning of a rapid evolution in AI applications within software development and across numerous other industries. This growth will have tangible impacts on industrial sectors, especially in mechanical engineering, affecting both value creation and underlying business models.

With his extensive career in IT, Schulze understands the software development process inside and out. “The pace here is faster than in any other area, with product cycles significantly shorter. The use of AI is accelerating this exponentially,” Schulze explains.

AI will also influence international labor distribution in software development. In recent decades, more IT services have been outsourced to countries like India, Indonesia, and Brazil, due to cost factors and a shortage of IT specialists in Europe and the United States. AI has the potential to transform these value chains and lead to a newly structured division of labor. Schulze will discuss what this could mean for the industry, mechanical engineering, and cost structures on the panel, where he will also touch on key aspects of security and compliance.

Will this development lead to a future without software developers in Germany? Or will it result in a new division of tasks where developers are relieved of day-to-day duties and can focus exclusively on complex, product-oriented challenges? Schulze will present possible scenarios and share his insights on these trends.

Event: „Zukunft von Industrie mit Circular Economy und KI“

November, 19, 2024, 18:00, Deutsches Museum Bonn

Register here!

Caption: Martin Schulze, CEO BusinessCode GmbH