“Some people call this artificial intelligence, but the reality is this technology will enhance us. So instead of artificial intelligence, I think we’ll augment our intelligence.”-Ginni Rometty, CEO of IBM
The author of this quote has brilliantly explained the significance of AI in our lives, and it entirely depends on us how we make use of this technology. Digital Transformation is playing an essential role in shaping the mode of businesses across the world is adapting to innovative opportunities and challenges. With Competition all across the globe, cost and financial plan pressure are changing citizen demands, and new demands are sparking all around the world to put into practice innovative ICT capabilities to impel their transformation into digital.
Various digitally mature countries have already realized the significance of Digital Transformation and have productively progressed to bring pleasant customer experiences outcomes. From the past decade, several countries across the world are witnessing unique shifts in the mode of their businesses. The economic crises controlled the right to use billions because countries are facing various urbanization growth and extreme weather conditions issues that have scarcened necessary power and water more than ever before. But using the new technology will help countries like Middle East businesses and governments to transform itself into a leading digital economy—and to understand noteworthy economic benefits.
The adoption of new technology trends will bring stakeholders together to focus on developing real estate, food delivery, banking, and other business regions.
- In the UAE, approx 70 to 80% of the population is carrying a supercomputer in their bag. It makes the country in the top ranks of worldwide smartphone users.
- As per the latest market reports, the North Africa (MENA) region and the Middle East is ranked second in the world by the number of daily viewers of YouTube videos are more than 310 million.
- A new survey exposed that approx. 15 % in Saudi Arabia, 7% in Egypt, and 18% of small and midsize enterprises (SMEs) in the United Arab Emirates have an online presence.
How Artificial Intelligence Is Changing The Game?
Needless to mention that artificial intelligence (AI) is a game-changer when it comes to real estate, social media, and gaming apps. Using this technology, you can not only transform your business digitally but, at the same time, boost the customer retention rate. Over the past couple of years, AI has helped diverse businesses to change the global economy, and much of the price potential is up for grabs. As per the latest market studies, AI could contribute up to $15.7 trillion to the worldwide financial system in 2030, which is much more than the current output of the economy from China and India, combined. Thus these numbers justify the significance and value of AI in the upcoming years. Checkout the best enterprise app development company.
Impact Of Artificial Intelligence For The Middle East
The government agencies and businesses across the Middle East region are at a fast pace understanding the significance of AI and advanced technologies. Various sectors need to boost up their ways and improve the economic impact for the region because at this time of revolution being left behind is not an alternative. The speed at which AI is adopted in the Middle East is likely to build up 2 percent of the total worldwide benefits of AI in 2030. It is equal to US$320 billion. In the upcoming years, we will witness the following changes:
- The Middle East will be a smart and resilient digital city
- A worldwide competitive economy powered by various technologies.
- Provide smart accessible social services
- An interconnected society
- Smooth transport
- Autonomous vehicles
- Shared mobility solutions
- A clean environment
Role Of AI To Industry In 2030
|Points||Absolute contribution in 2030 (US$ billions)||Contribution of AI to Middle East GDP by industry|
|Construction and Manufacturing||$99||12.4%|
|Public sector, including health and education||$59||18.6%|
|Energy, Utilities and Resources||$78$59||6.3%|
|Financial, Professional, Administrative Services||$38||13.6%
|Retail, Wholesale Trade, Consumer Goods, Accommodation and Food Services||$23||19%
|Transport and Logistics||$12||15.2%|
|Technology, Media, Telecommunications||$10||14%|
Artificial intelligence and machine learning, and other technologies are providing heaps of potential solutions that tackle urban problems in diverse ways. When it comes to technology, we at Fluper strongly believe that with the correct management, ipad app development, and strong-minded execution, the challenges can be efficiently addressed.
The Middle East area regional cities are in an exclusive situation to grip technological modernization and the huge potential it offers today. A comprehensive and combined approach to make sure the commitment and contribution of city stakeholders will be significant for success. It is time to connect with a reliable Mobile app development partner and develop business apps that provide the potential benefits and offer the best profits to both the public and the private sectors in the cities in the Middle East region.