This article has been researched and written by Thomas McNelliey and the team at Creation Business Consultants and has not used AI in generating this article.
In today’s fast-paced business world, incorporating emerging technologies is crucial for companies aiming for success and sustainable growth. The United Arab Emirates (UAE) provides significant opportunities for businesses to harness these technologies and gain a competitive advantage, improve efficiency, enhance customer experiences, and drive overall growth.
USE & GROWTH OF TECHNOLOGY IN THE UAE
According to the UAE’s strategy for the next 50 years, the government has intentions to become a worldwide technological leader. They are concentrating on a few strategic fields, such as big data, Artificial Intelligence (AI), renewable energy sources, healthcare, and alternative energy.
The region has seen a major increase in investment in recent years as a result of the ongoing government-outlined programs for digital transformation. Additionally, the UAE has drawn investments in cutting-edge technology, with the government’s expenditure on AI alone expected to exceed $33 billion by 2027.
Through programs like the Dubai Future Accelerators, which give companies access to government agencies to test their products, the UAE government has been aggressively fostering innovation and entrepreneurship.