2024-04-13 21:10:29
Hossam Abdelnaby (Abu Dhabi)
The UAE is at the forefront of Arab countries in terms of the contribution of artificial intelligence to the gross domestic product, as it is expected to contribute 14% of the gross domestic product in 2030, compared to 12.4% in the Kingdom of Saudi Arabia, according to a study issued by Heriot-Watt University Dubai.
The study, a copy of which was obtained by Al-Ittihad, said that according to the PricewaterhouseCoopers study, the Middle East is expected to achieve 2% of the total global benefits of artificial intelligence by 2030, equivalent to $320 billion, noting that McKinsey & Company’s research It is estimated that AI will add approximately $13 trillion to the global economy by 2030.
Predicting crises
The study emphasized the importance of using artificial intelligence in crisis management, as artificial intelligence (AI) plays a crucial role in enhancing crisis management through various applications, the first of which is that predictive analyzes based on artificial intelligence can predict crises such as natural disasters, which helps in proactive planning, This is evidenced by the fact that in the Gulf region, for example, artificial intelligence has been used to predict sand storms and mitigate their impact on infrastructure and public health. In addition, AI-powered chatbots provide real-time information and support to affected individuals during crises, which reduces the burden. On emergency responders.
The study added that during the Covid-19 pandemic, AI-powered chatbots in the Middle East handled millions of inquiries and disseminated vital information regarding the virus and vaccination efforts. Moreover, AI-based image analysis helps assess damage and allocate resources efficiently following the crisis. .
She pointed out that in the wake of earthquakes and floods, drones supported by artificial intelligence were used to survey the affected areas and identify areas in need of urgent assistance, noting that in May 2023, an agreement was concluded between the National Emergency, Crisis and Disaster Management Authority in the UAE (NCEMA). And Presight AI to improve crisis and emergency management in the country through big data based on artificial intelligence.
The future of business
Regarding how to benefit from the data provided by artificial intelligence and its analytical capabilities to predict the future of business and avoid risks, the Heriot-Watt University Dubai study stated that artificial intelligence and its analytical capabilities provide great benefits in predicting future business trends and mitigating risks throughout the Middle East, as intelligence algorithms can Synthetic analysis of vast amounts of data, including market trends, consumer behavior and economic indicators, to accurately predict business outcomes.
Most beneficial
Study author Dr. Talal Sheikh, Associate Professor of Mathematics and Computer Science, Heriot-Watt University Dubai, believes that artificial intelligence technologies provide significant benefits across various sectors in the Middle East, with some industries reaping significantly significant benefits.
He said: One of the sectors that will benefit most is healthcare, where artificial intelligence-based applications such as predictive analytics and medical imaging interpretation enhance patient care, diagnostic accuracy, and treatment outcomes.
He added that by 2029, BlueWeave expects significant growth in the UAE healthcare AI market, with a strong compound annual growth rate of 42.28%, peaking at $987.6 million, noting that the financial services industry is benefiting from artificial intelligence to detect fraud. , personalized customer services, and algorithmic trading, leading to improved efficiency and risk management, as well as the retail sector benefiting from AI-powered solutions for demand forecasting, customer segmentation, personalized marketing and driving sales growth.
Sheikh concluded by emphasizing the importance of companies carefully evaluating the risks associated with investing in artificial intelligence infrastructure, as these risks include high initial investment costs, potential concerns regarding data privacy and security, and challenges related to improving workforce skills.
Informed decisions
The study showed that by leveraging AI insights, companies can make informed decisions, anticipate market shifts, and adjust strategies accordingly, thus improving operations performance and maximizing profitability.
She stated that, in addition, risk management systems based on artificial intelligence can identify potential threats and weaknesses in business operations, such as supply chain disruptions or cybersecurity breaches, pointing out that real-time data analysis enables companies to quickly adapt to changing market conditions and challenges. Emerging.
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