Smart Software: Not a US Sandbox
May 9, 2019
In case you were wondering how AI is progressing in other parts of the world, TechRadar tells us, “Report Revealed at Ai Everything Summit in Dubai Shows Middle East On Pace with Global Counterparts.” Writer Naushad K. Cherrayil discusses a survey that was revealed at the recent summit:
“Middle East companies are on pace with their global counterparts when it comes to the adoption of artificial intelligence but have some distinct differences, such as how management views AI and their trust in the technology, industry experts said. According to a survey conducted by Forbes Insights, about 62 percent of the executives believe that AI is emerging rapidly in their industry and executives in the region look to AI as just one part of digital transformation, and slightly more than half see themselves as being only at the start of executing that plan.”
Elaborating on how Middle East companies tend to view AI differently, Cherrayil writes:
“The top three reasons Middle East executives are implementing AI are to improve efficiency, enhance customer acquisition, and improve the customer experience, while globally, companies appear less concerned about using AI with customers and find that the most important business value is improved produce and services innovation.”
Researchers at International Data Corporation expect AI investment in the region to grow between 25% and 30% a year. They note at least a quarter of that comes from the UAE, which aims to dominate the market by 2031. Companies in the Middle East consider AI a key to success, but they apparently have a shortage of appropriate experts. Funding, on the other hand, seems to be less of an issue.
Cynthia Murrell, May 9, 2019
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