Abu Dhabi positioned as a global AI hub - Beacon

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Thursday, June 27, 2024

Abu Dhabi positioned as a global AI hub

UAE continues to attract global AI technologies

AI is a strategic pillar in the UAE's vision for economic diversification, driving innovation and efficiency across diverse sectors.

The economic impact of AI in the Middle East is projected to be substantial, with the Middle East and North Africa (Mena) region expected to see an added value of $320 billion by 2030. The UAE is poised to lead this transformation, potentially contributing up to 14 per cent of its gross domestic product (GDP) by 2030.

The oil and gas industry, a cornerstone of the UAE's prosperity, has harnessed AI's power. Abu Dhabi National Oil Company (Adnoc) generated an additional $500 million in value in 2023 alone through optimised drilling and smarter reservoir management.

The transportation sector is witnessing a revolution with Dubai Ports (DP World) and Kizad leading the way in AI adoption. By streamlining operations and enhancing logistics, these entities are transforming traditional practices.

In the airline industry, Emirates airline employs AI for predictive maintenance and efficient scheduling, targeting potential annual savings of $14 billion. AI's ability to analyse massive datasets and learn from human interactions ensures better decision-making and continuous improvement.

The transportation sector is witnessing a revolution with Dubai Ports (DP World) and Kizad leading the way in AI adoption. By streamlining operations and enhancing logistics, these entities are transforming traditional practices.

In the airline industry, Emirates airline employs AI for predictive maintenance and efficient scheduling, targeting potential annual savings of $14 billion. AI's ability to analyse massive datasets and learn from human interactions ensures better decision-making and continuous improvement.

In education, AI is revolutionising the way learning is delivered. The healthcare sector is reaping the benefits of AI's data analysis capabilities for improved patient outcomes. AI is also transforming the insurance industry. Companies like Emirates Insurance utilise AI for predictive analytics, optimising pricing strategies, and streamlining claims processing.

The real estate sector is seeing AI as a strategic tool. Corporate giants like Emaar, Al Dar, and Nakheel Properties integrate AI for smart city solutions and efficient management of landmark projects. The legal system in the UAE, with multiple jurisdictions like ADGM and DIFC, benefits from AI’s ability to streamline processes and enhance decision-making.

As the UAE continues to attract global AI and tech firms, the UAE government actively deploys AI for service transformation. Initiatives include the National Programme for AI (BRAIN), a new ‘Chief Executive Officer for Artificial Intelligence’ role, the UAE Council for AI overseeing integration, and the Artificial Intelligence and Advanced Technology Council (AIATC) positioning Abu Dhabi as a global AI hub.







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