MEA Enterprises Show Digital Trust in AI to Connect Dots and Win Business

It is anticipated that Artificial Intelligence (AI) is going to be a big game changer with a potential global output of approximately $15.7 trillion by 2030. Businesses across the middle east (MEA) region are realizing the power of AI and advanced technologies to overcome digital disruptions. Hence, it is predicted that the Middle East is likely to derive 2% of the total global benefits of AI by 2030. This is not less than a whooping accumulation of US$320 billion. In the coming years as AI technology flourishes, even more, the middle east markets are going to experience new innovative services and new business models.

So, what are the untapped opportunities in AI luring MEA enterprises to connect the dots and win in the business. Process automation with AI technology will benefit labor-oriented sectors such as healthcare, agriculture, education, and retail. Even the analytics team in various industries anticipate enhancement in the product range with increased variety and customization, all thanks to the updated AI mechanisms. Besides, increased AI adoption is equally essential for enhanced versions of cloud infrastructures. It enables the development of scalable cloud infrastructure on a large scale.

Here are some prominent changes that enterprises in the middle east have experienced with the power of Artificial Intelligence:

• Increased computing capability, optimized business operations
• Application of advanced analytics and data management competencies
• Gaining real-time insights to accelerate the transformation of products and services
• Improved collaborative approach developed higher customer engagements
• Re-invention of business models to match the pace of rapidly evolving businesses

Undoubtedly, AI has distributed rich experiences throughout MEA industries who have shown digital trust in AI mechanisms. As there are a series of AI benefits, there are sources of emerging threats as well. Hence, organizations should adhere to AI data protection policies and AI regulatory legal frameworks to ethically imply AI in business.

Evidently, Artificial Intelligence (AI) is a new hot spot that will mature overtime and prove to be amongst the major economic powers. Hence, organizations in the MEA region have prioritized adoption of exponential technologies such as AI to benefit businesses and community as a whole. As the AI technology advances, enterprises will be encouraged to establish an innovative culture and productive business environment.

Reference for factual data: https://www.pwc.com/m1/en/publications/potential-impact-artificial-intelligence-middle-east.html