How data and AI are transforming regional organisations in 2021

  • Date: 06-Mar-2021
  • Source: Gulf Business
  • Sector:Technology
  • Country:Gulf
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How data and AI are transforming regional organisations in 2021

The year 2020 is now behind us. How shall we remember it? As a year that shattered our confidence or one in which we were sorely tested and yet prevailed?

We have all watched the global crisis play out in front of us as we built capacities to adjust and adapt. And now, in 2021, we move forward in a world that has changed irrevocably. That the phrase "new normal“ has become a cliché so quickly is testament to how rapidly our reality has evolved.

The people and organisations who adapted the quickest did so with technology. That is not in doubt. Now, those same innovators understand that survival is one thing, but to thrive they need to become smart and digital businesses. The intelligent cloud will be a vital tool on that journey.

Long before the pandemic accelerated the adoption of digital technologies, PwC projected that artificial intelligence would become a major catalyst for global economic growth. Between productivity boosts and consumer boons, some $15.7 trillion would be added to the global economy by 2030, with an estimated $320bn flowing to the Middle East.

Now, in the new normal, we can see entire industries upended by the encroaching reality.