Exclusive: How AI is Fueling Business Growth in the UAE

July 31, 2023 | By techitupme.com

Contributed By Dhruv Agrawal, COO & Co-Founder at Shipsy and Karim Azar, the VP of Emerging Markets in the Middle East & Turkey at Cloudera.

The UAE has emerged as a global technological powerhouse, embracing innovation with remarkable impact. Among its cutting-edge solutions, Artificial Intelligence (AI) stands as a driving force, propelling the nation towards becoming a global tech leader. The UAE’s dedication to AI integration has led to unprecedented growth, with the AI market value projected to reach $1.9 billion by 2026, showcasing an extraordinary CAGR of 36.2%.

AI’s integration across diverse industries has revolutionised business growth and shaped a future where its boundless potential knows no bounds. In retail, AI-powered personalized recommendations and customer support have transformed consumer interactions, increasing business loyalty and revenue.

Moreover, AI-driven chatbots and virtual assistants have provided personalized customer support, leading to higher consumer satisfaction levels. Automating processes like quality control and inventory management has optimized efficiency and cost savings, presenting unparalleled opportunities for businesses to thrive in the tech-driven landscape.

The UAE’s progressive stance on AI has established an environment conducive to the growth of tech startups and entrepreneurs. Through diverse initiatives and investments, the nation has successfully drawn the attention of global tech giants, encouraging the development of AI solutions within the country and fostering a thriving tech ecosystem.

The logistics industry is one of the key beneficiaries of AI integration in the UAE. AI-driven technologies such as autonomous vehicles and intelligent routing algorithms have revolutionised the supply chain, reducing costs and delivery times while improving efficiency.

Dhruv Agarwal, COO & Co-Founder, Shipsy | Karim Azar, VP, Emerging Markets in the Middle East & Turkey, Cloudera

“The transportation and logistics sector in the GCC region has experienced significant growth, and advanced technologies like AI, ML, automation, predictive intelligence, and data analytics enable the industry to sustain and drive this growth,” emphasised Dhruv Agraval, COO & Co-Founder of Shipsy.

AI-powered predictive analytics empowers logistics companies to make data-driven decisions, optimising inventory management and demand forecasting. The UAE’s strategic deployment of AI, IoT, automation, and blockchain in logistics operations further enhances product competitiveness in international markets, reducing supply chain expenses and fostering seamless collaboration among stakeholders.

Recognising the symbiotic relationship between cloud computing and AI, the UAE has embraced cloud technology alongside AI. This synergy has accelerated AI solution development and deployment, enabling companies to remain agile and scale rapidly in response to market demands.

“With data across a mosaic of hybrid cloud environments, many organisations need help fully extracting value from their data assets,” said Karim Azar, the Regional Vice President of Middle East & Turkey, Cloudera. This strategic integration empowers organisations with a multi-cloud strategy, providing intelligent data integration, optimised resource allocation, automated orchestration, enhanced security, and streamlined service integration. According to Cloudera’s research findings, 76% of organisations in the Middle East presently adopt a hybrid data storage approach, amalgamating on-premises or private cloud infrastructure with public cloud services.

AI’s impact is evident in the transformation of workplaces, where automation has relieved employees of repetitive tasks, leading to increased productivity. AI-driven collaboration tools and virtual assistants streamline workflows and communication, enabling businesses to operate more efficiently and effectively.

A captivating outcome of this transformation is the advancement of smart offices. Innovative workplaces leverage AI’s capability to observe and analyse human behaviour, creating a truly intelligent and customised environment that enhances productivity and well-being.

The UAE’s commitment to embracing AI has resulted in transformative changes across industries, setting new standards for growth, innovation, and efficiency. By leveraging AI in logistics, security, cloud technology, and workplaces, the UAE pioneers a future where businesses thrive, societies prosper, and people experience an improved quality of life. With its unwavering dedication to technological advancement, the UAE is an influential player in the AI revolution, driving progress and pioneering a tech-driven future. As AI continues to evolve, the UAE’s position as a global leader in embracing innovation reaffirms its dedication to shaping the future of industries worldwide.

Read More Source: techitupme.com

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