AGL 40.00 Decreased By ▼ -0.03 (-0.07%)
AIRLINK 129.80 Increased By ▲ 0.49 (0.38%)
BOP 6.85 Increased By ▲ 0.05 (0.74%)
CNERGY 4.66 Increased By ▲ 0.02 (0.43%)
DCL 8.61 Decreased By ▼ -0.02 (-0.23%)
DFML 41.10 Increased By ▲ 0.15 (0.37%)
DGKC 85.64 Decreased By ▼ -0.10 (-0.12%)
FCCL 32.85 Decreased By ▼ -0.15 (-0.45%)
FFBL 66.26 Decreased By ▼ -0.27 (-0.41%)
FFL 11.55 Increased By ▲ 0.09 (0.79%)
HUBC 110.08 Decreased By ▼ -0.50 (-0.45%)
HUMNL 14.70 Increased By ▲ 0.07 (0.48%)
KEL 5.27 Increased By ▲ 0.03 (0.57%)
KOSM 8.30 Increased By ▲ 0.19 (2.34%)
MLCF 40.19 Increased By ▲ 0.12 (0.3%)
NBP 60.40 Decreased By ▼ -0.11 (-0.18%)
OGDC 196.20 Increased By ▲ 0.73 (0.37%)
PAEL 27.50 Increased By ▲ 0.40 (1.48%)
PIBTL 7.85 Increased By ▲ 0.21 (2.75%)
PPL 156.99 Increased By ▲ 1.17 (0.75%)
PRL 27.59 Increased By ▲ 0.22 (0.8%)
PTC 18.58 Increased By ▲ 0.02 (0.11%)
SEARL 85.50 Increased By ▲ 0.40 (0.47%)
TELE 8.10 Increased By ▲ 0.20 (2.53%)
TOMCL 34.90 Increased By ▲ 0.02 (0.06%)
TPLP 9.38 Increased By ▲ 0.16 (1.74%)
TREET 16.71 Decreased By ▼ -0.10 (-0.59%)
TRG 66.40 Increased By ▲ 3.54 (5.63%)
UNITY 28.00 Increased By ▲ 0.25 (0.9%)
WTL 1.30 No Change ▼ 0.00 (0%)
BR100 10,210 Increased By 26.1 (0.26%)
BR30 31,545 Increased By 142.2 (0.45%)
KSE100 96,163 Increased By 305.9 (0.32%)
KSE30 29,732 Increased By 49.3 (0.17%)

Dubai has recently unveiled a strategy for Artificial Intelligence (AI), an annual initiative aimed at leveraging AI’s capabilities to enhance global quality of life.

The strategy will begin with the appointment of AI CEOs in government entities, followed by establishing an AI and WEB3 Incubator that will vie to become a leading global hub for AI and tech firms.

This hub will attract innovators, startups, and AI pioneers worldwide, facilitating the development of their concepts into successful ventures. Additionally, the plan introduces AI Week in educational institutions to integrate it into the curriculum, fostering skills such as coding.

Dubai’s efforts to boost tech startups ‘exhilarating’, says Pakistani AI firm founder

The strategy also includes launching the Dubai Commercial License for AI to draw specialised firms and individuals, stimulate investments, and reinforce Dubai’s status as a premier tech and innovation hub. Allocation of land for data centers will further bolster Dubai’s digital infrastructure.

This annual strategy underscores Dubai’s commitment to becoming the world’s top city for tech adoption and innovation implementation.

In a recent interview to Business Recorder, Semih Kumluk, Head of AI and Digital at PwC, shared his insights on Dubai’s newly launched Artificial Intelligence blueprint, aimed at harnessing its potential to enhance the city’s quality of life.

Kumluk believes the blueprint will increase utilisation, driving AI adoption across government institutions and the private sector.

“This blueprint will be a very good solution to empower government institutions to increase the utilization of AI,” he said.

The appointment of AI CEOs in each government entity will spearhead this transformation, promoting data programs, awareness, and upskilling. “Having an AI CEO will boost this transformation effort because they will lead the data programmes, push awareness, and build expertise within government entities,” Kumluk explained.

The AI and Web 3 incubator will attract startups, investors, and talent, positioning Dubai as a global hub for AI and technology companies.

“It will promote startups, allow networking between investors and startups, and attract investors to come to Dubai,” he said.

AI Week in schools and colleges will cultivate a new generation of AI professionals, while the Dubai commercial license for AI will draw specialised companies and individuals.

“It will create a lot of enthusiasm and motivate the younger generation to fill the roles that will emerge in the near future,” Kumluk noted.

Kumluk also highlighted the crucial role of data centers in supporting Dubai’s digital transformation, ensuring data remains within the UAE and meeting personal data protection requirements.

“Data centers will play a significant role in supporting Dubai’s digital transformation journey, especially with the personal data protection law requiring data to remain physically within the UAE,” he said.

AI applications in various sectors, such as transportation (self-driving taxis), healthcare, and education, will transform the city’s landscape. However, challenges like due diligence and valuation services for startup investments must be addressed.

“Due diligence will be crucial to overcome the potential challenge of startup investments,” Kumluk warned.

Dubai’s AI initiative will also have a ripple effect, impacting the wider Middle East region and beyond.

“We might soon see similar initiatives from the rest of the region aiming to increase the quality of life for the population,” he said.

“The combination of vision, initiatives, and incentives will prepare the ground for Dubai to become a leader in AI and technology,” Kumluk concluded.

Copyright Business Recorder, 2024

Comments

Comments are closed.

Hamza W Hashmi May 16, 2024 11:43am
Excellent views articulated by Semih Kumluk who I believe works for PwC MiddleEast
thumb_up Recommended (0)
Tariq Qurashi May 16, 2024 03:30pm
Dubai is so successful because it has sincere and honest leaders who not only have a long term vision, but put their country's interests before their personal interests.
thumb_up Recommended (0)