Four technologies set to shape the future of UAE’s key industries

Four technologies set to shape the future of UAE’s key industries

Investments in key info and communications expertise verticals are anticipated to play a vital function in driving the UAE’s sustainability targets because it gears up for the financial system of the future, the chief govt of Emirates Integrated Telecommunications Company has stated.Four rising technologies – the Internet of Things, synthetic intelligence, machine studying and large knowledge analytics – are pegged to improve operational effectivity and productiveness throughout varied sectors, Fahad Al Hassawi instructed The National on the sidelines of the Envision convention in Dubai.Envision, hosted by EITC, generally known as du, was held in coordination with the International Data Corporation and the UAE Ministry of Industry and Advanced Technology.Implementing these technologies in key sectors – which embody manufacturing, agriculture, and good cities, amongst others – will assist them increase effectivity, he stated.”ICT performs a vital function in driving sustainability by enabling improvements in varied sectors … it’s a cornerstone in the UAE’s drive in the direction of sustainability, with improvements spanning varied sectors,” Mr Al Hassawi stated.”Real-time knowledge assortment and evaluation will revolutionise decision-making processes and drive innovation to new heights.”In addition, investments centered on digitalisation to implement automation, robotics, machine studying and digital twins in industries will assist lead efforts to drive sustainability by much less carbon emissions, he stated.”Data-driven approaches for waste administration and water conservation will cut back prices yearly whereas positively impacting the nation’s gross home product.”The UAE is investing closely in its technological capabilities and rolling out a number of initiatives because it prepares for the financial system of the future.ICT spending in the UAE is predicted to hit $23 billion in 2024, marking a compound annual progress price of 8 per cent from 2019, newest knowledge from the Ministry of Economy reveals.AI alone is predicted to contribute round $96 billion by 2030, equal to about 14 per cent of GDP, it stated.Globally, ICT spending is projected to hit $5.8 trillion in 2023, a 6.4 per cent annual progress over 2022, knowledge from Statista reveals.Economic progressAdvanced technologies are additionally a key pillar to assist the UAE’s Net Zero 2050 Strategic Initiative, which requires Dh600 billion ($163 billion) to be invested in clear and renewable power sources in the subsequent three many years.”ICT options aren’t solely driving financial progress but additionally contributing to sustainability targets,” Mr Al Hassawi stated.Smart cities, which a number of nations are pushing to develop and implement, encapsulate the significance of superior technologies.In the UAE, these are “being crafted” with a deal with optimising power consumption, transportation programs and public providers, Mr Al Hassawi stated.The worth of the world good metropolis market is projected to surge greater than two and a half instances to $1.52 trillion by 2030, from an estimated $594.4 billion this yr, knowledge from Research and Markets reveals.”Harnessing the advantages of expertise in city environments has led the UAE to be at the forefront of pioneering the convergence of expertise and sustainability in city growth,” he stated.The UAE continues to develop its manufacturing and business sectors, with a deal with expertise and sustainability.Its Industry 4.0 initiative, introduced in October 2021, was designed to assist the UAE realise its financial potential by growing the use of deep studying, machine studying, AI, additive manufacturing and the Internet of Things, into the worth and provide chains that assist the industrial sector.The UAE which is internet hosting the Cop28 local weather convention in November, can be adopting different sustainability initiatives, like the waste-to-energy initiatives in Abu Dhabi, Dubai and Sharjah.Sarah Al Amiri, UAE Minister of State for Public Education and Advanced Technology, delivering a speech at the Envision convention in Dubai on Tuesday. Photo: EITC These initiatives are estimated to energy lots of of 1000’s of houses when totally full. “These developments, mixed with a dedication to lowering carbon emissions, underscore the UAE’s imaginative and prescient of a sustainable future for its residents,” Mr Al Hassawi stated.In agricultural expertise, improvements similar to precision farming, hydroponics, IoT and knowledge analytics are enhancing crop productiveness and water conservation.A standout software is vertical farming, with roughly 36 per cent of the UAE’s AgriTech market devoted to this indoor farming subsector, newest knowledge from the Sharjah Research Technology and Innovation Park confirmed.”This method is lowering the UAE’s reliance on meals imports, bolstering the employment market and making certain meals safety,” Mr Al Hassawi stated.Updated: September 06, 2023, 3:30 AM

https://www.thenationalnews.com/business/technology/2023/09/06/four-technologies-set-to-shape-the-future-of-uaes-key-industries/

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