Over the past few years, the demand for artificial intelligence in UAE has grown at a rapid rate. AI is applied in many industries in the country. It is good to know that companies are now adapting to modern technology to improve their operations and boost their bottom line.
Difficult as it may be to believe, the UAE is already an early adopter of artificial intelligence (AI). According to a recent article from a British publication, “The UAE is firmly in the vanguard of Artificial Intelligence”. The piece was written after an interview with Mattar Al Tayer—the head of Dubai’s Roads & Transportation Agency and chairman of the Dubai Future Foundation.
Let’s face it: the future is here, and our phones are run by Artificial Intelligence. From Siri to Alexa, we’re used to asking questions and getting answers from a disembodied voice with perfect memory and a bit of a personality.
But AI is about to become even more embedded in our lives—and it’s already starting to do so in the UAE.
In this article, we’ll show you how businesses are already using AI in their operations to improve customer service, employee morale, and patient care. We’ll also give you an idea of which industries are leading the charge into the AI revolution!
Businesses in the United Arab Emirates (UAE) are moving to adopt artificial intelligence (AI) to help them make decisions, increase business efficiency and productivity, and drive growth.
A 2018 survey from the World Economic Forum revealed that 74% of businesses in the UAE have already implemented AI technologies. As that number continues to rise, businesses need to understand how companies are leveraging AI services to grow their business—and where they can do the same.
Here are some examples of how companies in the UAE are using AI:
AI is helping businesses with predictive analytics
The first step of any project is usually research. But what if you could combine your research with insights from similar projects and experiences across industries? That’s exactly what predictive analytics can do—and companies are taking advantage of this capability by implementing AI services that offer it.
One such company is Dubai Design District (d3). With more than $2.5 billion worth of real estate assets under management, d3 wanted to improve its ability to predict when commercial leases would expire so that it could proactively begin marketing for new tenants.
also read: UAE Collaborate On Artificial Intelligence
According to Marcus Ayre-Smith, COO at d3, “We had a lot of data locked away in numerous documents and systems, which was difficult to consolidate into a single view. By partnering with Microsoft and using Microsoft Azure, we were able to build an AI model that mines all that data to develop accurate lease expiry dates and predictive analytics for the most appropriate time for us to approach tenants about renewing their space or moving elsewhere within the district.”
What it sounds like is that AI might be useful for a company like d3, particularly in predicting lease expiry dates and determining the best time to submit offers for new tenants. With AI at its disposal, d3 has been able to improve how it approaches leasing and marketing, which should lead to more desirable results. Students who are interested in an exciting career in a company like d3 may want to consider studying AI.