Nearly 75 percent of UAE businesses and organizations have maintained or increased their investments in artificial intelligence efforts in recent months amid the rapid adoption of artificial intelligence technologies in the country.
The UAE’s figure compares to 69% in the Europe, Middle East and Africa region, according to the latest research report by technology firm Dataiku.
According to the report, up to 98% of UAE businesses see AI as a “key enabler” in terms of increasing resilience in the current economic climate, compared to Europe, the Middle East and Africa. 95% in the region.
A New York-based Dataiku survey of IT decision makers in the Europe, Middle East and Africa region also found that 68% of UAE organizations are investing up to half of their technology budgets in AI. .
“The companies here [in the UAE] …they have a strong foundation as they prioritize competitive advantage and improving the customer experience,” said Sid Bhatia, Regional Vice President and General Manager Middle East and Turkey, Dataiku. increase.
“We have found that by focusing on the fundamentals, we are naturally heading towards an AI future where revenues are increased and costs are reduced.”
AI is projected to have a major impact on the technology ecosystem in the Middle East and North Africa region, with rapid advances in the field spurring industry-wide adoption, according to Magnit’s survey this month. became.
The UAE will be the most impacted by AI, projected to account for nearly 14% of its gross domestic product by 2030, Magnit said.
The country is one of the pioneers in AI adoption.
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In 2017, the government unveiled its AI Strategy, UAE 2031, outlining plans to use the technology to make governance more efficient, and identified eight areas it would like to transform, including space, renewable energy, water and education. rice field.
According to Dataiku, the top three business goals UAE organizations are trying to achieve through AI are innovation (64%), competitive advantage (56%) and improving customer experience (54%).
Up to 92% of national respondents say they are using low-code or no-code development platforms to make AI more accessible to business users and help automate and improve day-to-day decision-making processes Did.
“To truly harness the value of AI to achieve business goals, progress cannot be left solely to data scientists and backroom technologists. AI must be fully democratized,” Bhatia said. rice field.
“The wide availability of platforms like ChatGPT and Bard is a great example of what that could look like.”
Launched in December, San Francisco-based research firm OpenAI’s ChatGPT provides human-like responses to prompts in seconds based on information publicly available on the internet.
Meanwhile, Google launched its generative AI platform Bard in February.
That same month, Microsoft announced a new AI-powered Bing search engine aimed at providing better searches, more complete answers, new chat experiences, and the ability to generate fresh content.
Updated: May 16, 2023 at 4:30 AM
