Comment: AI could be crucial in transition to post-oil economy – Gulf Digital News

  • Date: 09-Apr-2022
  • Source: Gulf Digital News
  • Sector:Economy
  • Country:Gulf
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Comment: AI could be crucial in transition to post-oil economy – Gulf Digital News

Within the last few years, Bahrain has seen a surge in digital transformation in both its private and government sectors. In 2020 alone, the kingdom managed to successfully migrate all essential government services, including its judiciary system, to various digital channels, showcasing a major milestone in Bahrain’s digital journey. In the midst of all this, Artificial Intelligence has found itself to be a hotly discussed topic in both business and government sectors. According to a report published by PwC, Artificial Intelligence is estimated to contribute $320 billion to the GDP of the Middle East by 2030, with an estimated 8.2 per cent contribution to GDP in the GCC. As the world embraces the Fourth Industrial Revolution, with technology at its core, Artificial Intelligence is expected to be a crucial element in aiding Bahrain’s transition into a post-oil economy.

Digital transformation is a main pillar in both Bahrain’s Vision 2030 and its Digital Government Strategy 2022, which highlight the kingdom’s commitment to enhancing citizen’s life through embracing emerging technologies. This is widely seen in the public sector, where the country has taken leaps in incorporating emerging technologies to benefit citizens, residents and businesses through having service-focused and citizen-focused objectives.

Additionally, key government stakeholders,