UAE Tops Region in Adoption of AI Solutions with Annual Growth Rate of 33.5%

11 Dec 2018 Uncategorized

A report by the Dubai Technology Entrepreneurship Campus (Dtec), a wholly owned technology hub by Dubai Silicon Oasis Authority (DSOA), prepared in collaboration with ArabNet and startAD, an innovation and entrepreneurship platform anchored at New York University Abu Dhabi and powered by Tamkeen, revealed that the UAE ranks first in the region in terms of enterprise adoption of artificial intelligence (AI) applications with an annual growth rate of 33.5 percent.

Unveiled at the Dtec Forum for Emerging Technology Companies at Dtec in Dubai Silicon Oasis, the Artificial Intelligence Adoption in Enterprise 2018 report compares levels of adoption of AI solutions among companies in the region and the world. The document also outlines strategies and mechanisms for implementing AI solutions at the institutional level, in addition to highlighting internal and external incentives that encourage companies to adopt these solutions.

The report quotes PwC’s 2017 forecasts that the contribution of AI to the global economy will increase to US$15.7 trillion by 2030, and that AI will contribute US$96 billion to (13.6 percent) to the UAE GDP by 2030.

While the report predicts that AI adoption will account for 45 percent of the world economy’s total gains by 2030, the UAE ranks first in the Arab world in terms of expected annual growth of AI contribution to the economy at 33.5 percent, followed by Saudi Arabia at 31.3 percent, the rest of the GCC region at 28.8 percent, and Egypt at 25.5 percent.

The report identifies multiple solutions AI can offer to companies, including operational applications, automation of robotic operations, reengineering of business processes, blockchain, big data analysis for marketing, customer care and data management, as well as using neural programming in talent search.
Speaking on the findings, Shahla Ahmed Abdul Razak, Deputy CEO DSOA, said: “The results of the report reiterate our country’s continued success in implementing the UAE Strategy for Artificial Intelligence. His Excellency Omar bin Sultan Al Olama, Minister of Artificial Intelligence, highlighted the strategy’s latest developments during the annual meetings of the UAE government in November 2018.”

She added: “As a major tech campus for startups in the heart of Dubai Silicon Oasis, Dtec is keen to collaborate with pioneering research institutions and incubators, such as startAD, to produce accurate data analysis reports and contribute to enabling technology entrepreneurship in Dubai and the wider UAE. To achieve these priorities, we can leverage the flexible regulatory frameworks and comprehensive strategies established by the UAE leadership to support entrepreneurs, emerging businesses, and SMEs, and attract local and foreign direct investments to fund innovative ideas in emerging sectors, including AI and smart city applications.”

For his part, Ramesh Jagannathan, Managing Director of startAD, said: “AI today plays a significant role in enhancing the productive capacity of countries and boosting the global GDP. To maximize its benefits, countries need to adopt AI policies across diverse sectors.”
He added: “The UAE continues to rank high in several regional and global indicators, including competitiveness, innovation, and ease of doing business, owing to its advanced AI policy that paves the way for the implementation of various smart government components. Leading by example, the corporations in the UAE are actively preparing to leverage the strengths of AI to build defensible value for the future”.

Omar Christidis, Arabnet CEO and Founder said, “AI is disrupting and redefining every industry – from the pricing of risk and interest rates in the finance industry, to predictive diagnosis in healthcare. Overall, AI can support process automation, personalization, and improving customer experience – and organizations that implement it effectively will be able to gain a competitive edge over their peers and deliver impact to their bottom line.”

The report lists three priority areas for enterprise adoption of AI solutions – AI for operation enhancement, AI for customer service enhancement, and AI for growth strategy support.

The document identifies the main factors that can have a positive or negative effect on the adoption of AI applications among companies and institutions, such as cost-benefit ratio, key trends that dominate the field, and budget availability.

Furthermore, the report outlines the concerns of entities regarding AI, primarily the risk of security breach, data leaks, privacy threats, job replacement, lack of knowledge required by suppliers, and the absence of regulatory frameworks in many countries. The report calls on companies specializing in AI to dispel these fears.

The document defines three types of AI. The first, specialized AI, comprises solutions such as virtual assistants – Siri and Alexa, digital customer service, purchase options outlook, self-driving vehicles, and automatic fraud monitoring. The second, advanced AI, enables machines to make decisions without training, learning, or pre-programming, and has not been achieved yet. Third, Super AI, is expected to surpass the intelligence of the human brain. At present, it also exists only in the minds of scientists and researchers.

In addition, the report reviews AI strategies for several institutions and companies in key sectors, such as telecommunications, financial services, automotive industry, and foodstuffs.

The methodology of the report involved qualitative research, analysis of the experience of entities active in the field of AI based on internal and external factors, and in-depth personal interviews with executives in key departments related to AI in those entities.

Benefits of Developing Websites Using Sitefinity CMS

11 Dec 2018 Uncategorized

Sitefinity CMS helps organizations engage and retain customers throughout their entire lifecycle using relevant and meaningful content. The platform makes it easier for content managers to create content faster and manage it more efficiently using the drag-and-drop interface. It allows marketers to do most of the content creation and editing work without requiring any technical assistance.

Digital Experience Management features help increase conversions and generate more leads by delivering personalized experiences. A/B testing and contextual analysis makes it easier for digital marketers to analyze and optimize customer experiences.

Digital Commerce helps manage price lists, product catalogs, checkout process and shopping carts with ease and connects businesses with cloud services for real-time updates.

Sitefinity offers some great features and advantages to website developers and website owners.

Features:
• Customer engagement, conversion and retention
• Content creation and management
• Drag-and-drop editing
• Customer experience management
• 1:1 conversations
• Personalized experiences
• A/B testing
• Contextual analysis
• Digital ecommerce
• E-store management
• Real-time shipping and tax rates
• Multi-channel digital experiences
• Enterprise-level deployment
• Multi-site/location support
• Digital Experience Cloud
• Unified marketing command center
• Customer journey database
• Customer 360-degree view
• Customer journey analysis
• Marketing attribution reports
• Lead scoring
• Persona profiling
• Customer journey optimization
• Step-by-step recommendations
• Customer journey personalization
• Predictive analysis

Advantages:
• Sitefinity’s ease of use allows users to create and edit pages with little HTML/CSS knowledge. Creating rich, vibrant content is easy with Sitefinity’s intuitive ‘drag & drop’ interface.
• Sitefinity supports mobile platforms. For visitors on the go, Sitefinity allows you to adapt your current website to any device with Responsive Design.
• Create attention-grabbing emails that blend seamlessly with your website’s existing styling by using Sitefinity’s built-in email designer.
• Multi-Channel Content Syndication allows you to distribute your content (blogs, news, events) through enhances RSS and Atom Syndication.
• Sitefinity creates SEO-friendly URL’s for each and every page. It also allows you to manage all meta-data, warranting higher page ranking.
• Sitefinity is based on standard Microsoft .NET technologies and is easy to configure and implement.
• Sitefinity’s backend offers Site Synchronization and granular permissions.
• Sitefinity erases the lines that separate content from products by fully integrating ecommerce. It supports multiple payment providers, multi- language capability, marketing promotions and coupon management.

When you invest in Sitefinity, you can be sure that no matter how large your business grows over the years and what customers expect from your site, you can always manage your business and keep consumers satisfied.

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