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DUBAI / WAM
Rapid adoption of artificial intelligence (AI) solutions will increase the UAE’s GDP by $96 billion by 2030, enabling organisations to better meet and predict customer and citizen trends and drive digital business innovation.
As the UAE Strategy for AI guides nationwide transformation, AI and machine learning are entering the mainstream. PwC predicts that AI will contribute $96 billion in UAE’s GDP by 2030. By industry, Accenture says finance ($37 billion), healthcare ($22 billion), and transport and storage ($19 billion) will see the biggest growth by 2035.
“Artificial intelligence solutions can enable new innovations that can augment the existing workforce, optimising costs, efficiency, and innovation. Banks can analyze credit and loan repayments, hospitals can predict patient treatment success, and government agencies can enhance mega-events management,†said Savitha Bhaskar, COO at Condo Protego, the UAE-based IT infrastructure and information management consultancy and solutions provider.
However, AI on its own is not enough. Organisations also need to have in place the next step, machine learning, where machines or applications learn from massive data sets, and uncover patterns that are largely beyond what people could uncover themselves.
“AI and machine learning solutions should meet business needs, and not merely have futuristic technology for technology’s sake. The massive com- puting power needed for AI and machine learning means that organisations need to invest in high-performance information management infrastr- ucture,†added Savitha Bhaskar.