Finland - Country Commercial Guide
Artificial Intelligence

This is a best prospect industry sector for this country.  Includes a market overview and trade data.

Last published date: 2021-09-14

Artificial Intelligence (AI)

Overview

By successfully applying AI, Finland is expected to reach a $24-billion and 8 percent annual boost in GDP by the year 2023. With focused AI-based activities in business net employment is estimated to increase by up to 5 percent

Government support is considered future focused, with the government setting regulatory incentives and funding basic research. Finland is a member of the EuroHPC Joint Undertaking and will host one of the three pre-exascale supercomputers. Finland is also a signatory of the Declaration on European Blockchain Partnership and the Declaration on Cooperation on Artificial Intelligence. The Ministry of Finance has appointed a strategic group to create a plan of the development and management of the national AuroraAI program with a desire to create a test version of the AI network and a further implementation plan between 2019 and 2023.

Finnish companies are quite far into the digital age. Nineteen percent of enterprises utilize big data and 50 percent utilize the cloud. Many Finnish companies are reported to be planning the evaluation of the benefits of 5G technology, automation, and AI.

Leading Sub-Sectors

Finland is a highly sophisticated market for computer hardware and components. Finland has one of the world’s highest numbers of computers per capita connected to the Internet. This environment provides cutting-edge, high efficiency settings for all computer hardware-related businesses. Both consumers and companies alike seek reliable high-end products from trustworthy vendors to use in advanced fields.

This is indicative in U.S. Export statistics, where Computer & Electronic Products was the principal export category in 2020 with a share of 21.8 percent. To satisfy the needs of the high-tech industries, electronic components are in-demand with total imports reaching over $1 billion in 2020. Some 60 percent of all Finnish service imports are ICT related, amounting to around $5.4 billion in 2020.

Opportunities

As a high-tech country, Finland provides plenty of opportunities for the ICT industry. Components are needed to satisfy the needs of local manufacturing and R&D; ICT services, such as SaaS and cloud services, are demanded by the developing eGovernment and SMBs modernizing their operations. With high labor costs and high labor union participation, AI and robotics solutions that help cut costs are expected to grow in demand.

Resources

  • Finnish Center of Artificial Intelligence
  • The Ministry of Transport and Communication.
  • TrafiCom
  • Information

Interested parties may contact Commercial Specialist Tiina Ketelä-Juvonen, tiina.ketela@trade.gov