Search DubaiPRNetwork.com

Home >> Technology

Artificial Intelligence Boosts UAE GDP by USD 96 Billion by 2030

Tuesday, July 10, 2018/ Editor -  

Share

Home >> Technology

High-Performance Infrastructure Needed for AI to Uncover Patterns to Transform Costs, Efficiency, and Innovation

Dubai, UAE, July 10, 2018:  Rapid adoption of artificial intelligence (AI) solutions will increase the UAE’s GDP by USD 96 billion by 2030, enabling organizations 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 USD 96 billion in UAE GDP 2030. By industry, Accenture says finance (USD 37 billion), healthcare (USD 22 billion), and transport and storage (USD 19 billion) will see the biggest growth by 2035.

“Artificial intelligence solutions can enable new innovations that can augment the existing workforce, optimizing 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. Organizations 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 computing power needed for AI and machine learning also means that organizations need to invest in high-performance information management infrastructure,” added Savitha Bhaskar.

Condo Protego is seeing strong UAE demand for Dell EMC high performance computing solutions, for faster, better, and deeper insights. Specialized channel partners can help organizations choose the infrastructure solutions that best meet their needs, across workstations, servers, networking, storage, software, and services.


Previous in Technology

Next in Technology


Home >> Technology Section

Latest Press Release

Ajman Media City Free Zone , the brand new investment hub of UAE, announces a st ...

DP World and EGA Sign Important Agreement to Support Aluminium Exports

Egypt leads race to win Cartoon Network's Toon Cup from among 70 countries world ...

Vegard Stake Laengen's Stage-by-Stage Guide to the Tour De France 2018: Week Two

Dubai health facilities rating system underway

Inspired by legends, worn by new heroes, PUMA FOOTBALL brings you the AC MILAN 2 ...

E-marine bags the prestigious MARS project to connect islands in East Africa

Travel Light with Beauty Essentials from Glambeaute.com

ICAEW: GCC businesses must comply with GDPR or risk hefty fines

Dubai Government Workshop successfully holds training workshop aimed at enhancin ...

Khalifa Fund signs MoU with the Crown Prince Foundation in Jordan to promote ent ...

Emirates receives IATA 753 compliance certification for baggage operations in it ...

DC Aviation Al-Futtaim expands managed aircraft fleet

New Xerox Workplace Solutions Boost Mobility, Print Management, Security and Cos ...

Tommy Hilfiger Dressed Up Collections

Ingenious inventions roll-in as the James Dyson Award deadline nears

Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Bie ...

DS Podium Chronograph - Sporty as ever, now with PrecidriveTM

Summer Love by Mouawad

Martin Survives a Brutal Day of Racing on the Cobbles of Stage Nine