AI has potential to contribute $182 billion to UAE’s GDP by 2035
Wednesday, 10 02 2019, Category: Economy, Country: U.A.E
As part of Dubai’s vision to make it one of the world’s first data powered economies, Dubai is taking a four-step approach to build an all-encompassing data environment, said Dr Younus Al Nasser, Assistant Director General, Smart Dubai Office, and CEO of Dubai Data Establishment.
Delivering the keynote address titled ‘Smart Dubai initiatives to transform Dubai into the world's smartest and happiest city’ at the third annual conference of CIOMajlis at Caesars Forum at Caesars Bluewaters Hotel, Dubai, he presented a detailed plan of Dubai’s data strategy and economic dashboard, data governance, ethical Artificial Intelligence implementation, AI principles and city data architecture infrastructure and how to monetize the data.
“Following the vision of H.H Sheikh Hamdan Bin Mohammed Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, to make Dubai one of the world’s first data powered economies, Smart Dubai Data has taken a four-step approach to building an all-encompassing data environment. Our first priority is Value Creation by using the city’s data to develop use cases by applying data science and machine learning techniques to provide actionable information and predictive insights to the city’s leaders and businesses. This is supported by a fair and trusted Data Governance model, robust Data Infrastructure, and a holistic Data Ecosystem which ensures engagement of the private sector as well,” said Dr Younus Al Nasser.
The high profile technology conference organized by CIOMajlis in Dubai concluded that the UAE is ahead of others in the region in terms of technology adoption, but called upon businesses to adopt technology to address business challenges.
The conference, attended by more than 200 professionals, discussed vital technology trends under the theme Power of Possibilities – Focus on the Future, under the patronage of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Airports, President of the Dubai Civil Aviation Authority, Chairman and CEO of Emirates Group.
Participating in a panel discussion titled ‘Hype vs Reality of Artificial Intelligence’, Dr Saeed Al Dhaheri, chairman of Smartworld, said Artificial Intelligence has the potential to contribute up to 14% to the UAE’s GDP, and can contribute up to $182 billion to the GDP by 2035.