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Tag: VDMA

VDMA first survey on machine learning in mechanical industry: artificial intelligence has high relevance

30-07-2019
VDMA, survey, machine learning, artificial intelligence, mechanical engineering industry

In spring 2019, the VDMA conducted its first survey on machine learning in mechanical and plant engineering. More than 70 companies took part in the survey. The main focus of the study was on the significance and use of the artificial intelligent (AI) products in business processes as well as in products and services. The interviewees indicate a …

VDMA revises 2017 forecast for Germany’s mechanical engineering sector

14-07-2017
VDMA

May incoming orders for capital goods surpassed the previous year’s level by 17 per cent in real terms, suggesting a positive outlook for Germany’s mechanical engineering sector. “The mood in the companies is exceptionally good. Everything is set for a new upswing,” says VDMA Chief Economist, Dr Ralph Wiechers. The …

‘Protectionism not viable for US and trade partners in the long-run’: VDMA

15-02-2017
VDMA, Germany

German machinery exports to USA fell by 3.4 percent between January and October 2016, and by nearly 5.8 percent in the period between August and October, according to Germany’s Mechanical Engineering Industry Association (VDMA). The US will continue to be the largest single export market for German mechanical engineering companies in 2017, …

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