Spending on artificial intelligence (AI) in the Middle East and Africa (MEA) is poised to reach $290 million this year, rising to $530 million in 2022, according to technology research and consulting firm International Data Corporation (IDC). IDC expects investment in AI across the region to grow 42.5% year-on-year in 2019 and continue increasing at a compound annual growth rate (CAGR)
Conversational AI is the new find of the Fourth Industrial Revolution. It is a form of Artificial Intelligence that allows all stakeholders to communicate with an enterprise in a secure and personalized way. For users it allows fast interaction with an organisations’ touchpoints using their own words and terminology. For enterprises it offers a way to build a closer connection with
Dubai ranked first globally in attracting foreign direct investments (FDIs) for artificial intelligence and robotics; while the UAE ranked sixth in the global Smart Service Index, surpassing the US, UK and South Korea. The Emirate has attracted from 2015 to 2018 $21.6 billion worth of FDI in high-end technology transfers, with the most from the European Union and the U.S.
