Early UAE Investment in Generative AI Affirms Its Vision For The Promising Sector

Professor Amit Joshi, an expert in artificial intelligence and strategic analysis at the International Institute for Management Development (IMD), emphasized that the United Arab Emirates’ investment in generative artificial intelligence reflects its ongoing efforts to create the right environment and supportive framework for the growth of this promising technology.

This aligns with the country’s vision to maximize the benefits of the vast potential offered by AI across various sectors.

During a session held at the UAE Pavilion at the 2024 World Economic Forum in Davos, titled “Enhancing Innovation through Artificial Intelligence,” Professor Joshi explained that the current environment in the UAE enables further progress in this sector based on the achievements in investing in artificial intelligence technology and policy development.

Professor Joshi stated, “The UAE’s investment in artificial intelligence and generative artificial intelligence reflects its futuristic vision and proactive approach to harness the opportunities presented by these promising technologies.”

He emphasized the need to train leaders from both the public and private sectors in the fundamentals of these sciences and provide a suitable environment for experimenting with AI technology within a robust framework.

Moreover, Professor Joshi underscored the importance of training leaders in the public and private sectors to leverage the basics of generative artificial intelligence. This involves adopting a comprehensive approach through organizing workshops, and specialized training, and providing fundamental insights into generative AI, its capabilities, and potential applications.

Aligning AI with Organizational Goals

The training process for leaders and managers allows for aligning generative AI applications with the strategic goals of organizations. Importantly, bringing in global experts in these fields is a crucial step for knowledge exchange, understanding the latest trends, and staying updated on developments in generative artificial intelligence.

Additionally, building competencies and training in various areas of generative AI, including machine learning, data analysis, and programming languages, is vital.

UAE’s AI Strategy

In the past, the UAE launched the 2031 Artificial Intelligence Strategy to achieve several goals, including establishing the country as a hub for artificial intelligence, enhancing its competitiveness in priority sectors, improving the quality of life, boosting government performance, and providing the necessary data and supporting infrastructure to make the UAE a testing ground for AI. The strategy also focuses on attracting and training talents for future jobs and bringing leading global research capabilities to work in targeted sectors.

Moreover, the UAE introduced a guide for using generative artificial intelligence applications to enhance its readiness for the future and explore optimal ways to benefit from these technologies in education, healthcare, media, advanced sciences, and secure government dealings.

The guide outlines 100 use cases and applications for generative artificial intelligence, targeting entrepreneurs, new employees, job seekers, recent graduates, students, and those interested in experiencing AI applications.

Generative artificial intelligence is the latest and most evolving type of AI technology, capable of creating new data, such as images, texts, and audio clips, based on human training. This is distinct from non-generative AI, which categorizes or recognizes existing data only.

Professor Amit Joshi specializes in helping organizations use artificial intelligence and develop big data analytics and AI capabilities. He is an award-winning professor and researcher with extensive experience in artificial intelligence and analytics-driven transformations in industries such as banking, fintech, retail, automotive, communications, and pharmaceuticals.

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