AI is a crucial supporting tool, and can boost sales, identify fraud, enhance customer experience, automate processes, and assist with predictive analysis.
One of the standout trends in recent months is the growing implementation of artificial intelligence (AI) technologies as businesses strive to differentiate from their competitors.
A 2019 report from the International Data Corporation (IDC) predicted that MEA spending on AI would reach $374.2m in 2020 with a compound annual growth rate (CAGR) of 19 per cent for the 2018-2023 period. Correspondingly, new company formation enquiries from AI businesses reacting to this demand have increased significantly – Creation Business Consultants has seen close to a 100 per cent increase compared to this time last year.
Originally Published on November 25th, 2020.