UAE is Leading in Adopting AI Solutions in the Middle East: Report

By IndraStra Global News Team

By IndraStra Global News Team

Image Attribute: Burj al-Arab, Dubai / Source: Pixabay.com

Image Attribute: Burj al-Arab, Dubai / Source: Pixabay.com

In a recently published report, it was revealed that the UAE is leading in the adoption of Artificial Intelligence (AI) by 33.5 percent annual growth rate (AGR) followed by Saudi Arabia with an expected 31.3 percent AGR, the rest of the Gulf Cooperation Council (GCC) region is at 28.8 percent AGR, and Egypt is at 25.5 percent AGR. The report was jointly prepared by the Dubai Technology Entrepreneurship Campus (DTEC), ArabNet and startAD.

The report, titled "Corporate Artificial Intelligence Adoption - Strategies and Implementation 2018," was unveiled December 11 at the DTEC Forum for Emerging Technology Companies at DTEC in Dubai Silicon Oasis. The report duly compares levels of adoption of AI solutions among companies in the region and the world and at the same time it identifies multiple AI solutions which includes operational applications, automation of robotic operations, re-engineering of business processes, blockchain, big data analysis for marketing, customer care and data management, as well as using neural programming in talent search.

Speaking on the findings, Shahla Ahmed Abdul Razak, Deputy CEO, Dubai Silicon Oasis Authority (DSOA) said: "The results of the report reiterate our country’s continued success in implementing the UAE Strategy for Artificial Intelligence. His Excellency Omar bin Sultan Al Olama, Minister of Artificial Intelligence, highlighted the strategy’s latest developments during the annual meetings of the UAE government in November 2018".

She added: "As a major tech campus for startups in the heart of Dubai Silicon Oasis, DTEC is keen to collaborate with pioneering research institutions and incubators, such as startAD, to produce accurate data analysis reports and contribute to enabling technology entrepreneurship in Dubai and the wider UAE. To achieve these priorities, we can leverage the flexible regulatory frameworks and comprehensive strategies established by the UAE leadership to support entrepreneurs, emerging businesses, and SMEs, and attract local and foreign direct investments to fund innovative ideas in emerging sectors,including AI and smart city applications".

For his part, Ramesh Jagannathan, Managing Director of startAD, said: "AI today plays a significant role in enhancing the productive capacity of countries and boosting the global GDP. To maximize its benefits, countries need to adopt AI policies across diverse sectors".

He added: "The UAE continues to rank high in several regional and global indicators, including competitiveness, innovation, and ease of doing business, owing to its advanced AI policy that paves the way for the implementation of various smart government components. Leading by example, the corporations in the UAE are actively preparing to leverage the strengths of AI to build defensible value for the future".

Omar Christidis, Arabnet CEO and Founder said, "AI is disrupting and redefining every industry – from the pricing of risk and interest rates in the finance industry, to predictive diagnosis in healthcare. Overall, AI can support process automation, personalization, and improving customer experience– and organizations that implement it effectively will be able to gain a competitive edge over their peers and deliver impact to their bottom line"


The report defines three types of AI:


The first, specialized AI, comprises solutions such as virtual assistants – Siri and Alexa, digital customer service, purchase options outlook, self-driving vehicles, and automatic fraud monitoring. 

The second, advanced AI, enables machines to make decisions without training, learning, or pre-programming, and has not been achieved yet. 

Third, Super AI, is expected to surpass the intelligence of the human brain. At present, it also exists only in the minds of scientists and researchers.

In addition, the report reviews AI strategies for several institutions and companies in key sectors, such as telecommunications, financial services, automotive industry, and foodstuffs.

The methodology of the report involved qualitative research, analysis of the experience of entities active in the field of AI based on internal and external factors, and in-depth personal interviews with executives in key departments related to AI in those entities.


https://www.dsoa.ae/static/media/uploads/ai_report.pdf
Name

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IndraStra Global: UAE is Leading in Adopting AI Solutions in the Middle East: Report
UAE is Leading in Adopting AI Solutions in the Middle East: Report
By IndraStra Global News Team
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