Recent innovations, such Artificial Intelligence (AI), amongst other technologies, are creating many opportunities within the MENA region, compelling established businesses to embrace digital innovation, redefine management structures and overhaul service delivery.
Artificial Intelligence, as we see it, is a collection of multiple technologies that enable machines to sense, comprehend and act—and learn, either on their own or to augment human activities. Accenture research on the impact of AI in 12 developed economies reveals that AI could double annual economic growth rates in 2035 by changing the nature of work and creating a new relationship between man and machine. The impact of AI technologies on businesses is projected to increase labor productivity by up to 40 percent and enable people to make more efficient use of their time. Moreover, revenue from the artificial intelligence for enterprise applications market in the Middle East and Africa, from 2016 to 2025 is expected to increase from 1.74 to 504.31 (U.S. million dollars).