Emirates Information Company – UAE champions future-driven investments with digital ideas: Omar bin Sultan Al Olama

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DUBAI, thirteenth June, 2023 (WAM) — Omar bin Sultan Al Olama, Minister of State for Synthetic Intelligence, Digital Economic system, and Distant Work Functions said that the UAE underneath the management and imaginative and prescient of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the proactive strategy of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has established a strong framework of digital ideas aiming to drive future investments and has harnessed technological transformations as a strategic means to foster forthcoming alternatives.

This got here in the course of the “Digital Readiness” Retreat organised by the Authorities Growth and the Future Workplace, an esteemed occasion that gathered over 250 authorities officers, leaders, and decision-makers from over 50 federal entities. Al Olama contributed nearly with a speech titled “The Energy of Digital Method: Selling a Digital-Pushed Nationwide Economic system”.

The minister highlighted the importance of the “Digital Readiness” Retreat in shaping the digital way forward for the UAE and enhancing authorities capabilities within the coming section. Emphasising the UAE authorities’s pioneering strategy, Al Olama affirmed the UAE’s dedication in embracing digital options as a elementary instrument for fostering interplay and selling enterprise development.

Al Olama additional mentioned that the UAE’s main place in Enterprise capital indicators and the variety of digital firms displays the UAE’s dedication to complete digital transformation. The UAE has solidified this achievement via three key elements such because the UAE’s authorities perception in know-how’s transformative energy, proactive utilization of the technological revolution, and devoted investments in digital infrastructure. Furthermore, the UAE has developed insurance policies and legislative frameworks that allow the adoption of digital foundations, overcoming legislative challenges via robust collaboration between the federal government and personal sectors.

The minister elaborated on achievements throughout the realm of the digital financial system in UAE, shedding gentle on the UAE’s report of attracting unicorns in a brand new section to attain international management. He emphasised the UAE’s dedication to a cooperative strategy in sharing success tales and techniques for overcoming challenges.

Al Olama added that the longer term function of governments worldwide is dependent upon their full consciousness and funding in creating safe and efficient programs.

Moreover, he highlighted the forthcoming period’s focus, which revolves round generative AI and empowering society to leverage AI-based options predicting substantial revenues reaching trillions of {dollars} from this futuristic subject, thereby reflecting the optimistic affect on nations’ digital economies. Subsequently, he harassed the necessity for complete plans to evaluate the quick and long-term impacts of such initiatives, alongside the continual adaptation of insurance policies and laws, guaranteeing the UAE’s proactive strategy inside this sector.

He famous to “Falcon”, famend as one of many extremely proficient and achieved generative AI programs. With a formidable capability of 40 billion variable elements, this method serves as a catalyst for fostering visions aimed toward guaranteeing its safe utilisation. Furthermore, it promotes the creation of a strong framework that empowers companies and serves as a benchmark for nations striving for sustained achievements and developments.

The “Digital Readiness” Retreat aimed to equip authorities officers with complete information regarding vital digital transformation initiatives.

The Retreat fostered an surroundings encouraging the trade of views, enabling individuals to suggest tasks and initiatives aimed toward expediting authorities digital transformation.

Moreover, it offered a possibility for attendees to remain well-informed of the most recent rising traits in international digital transformation, thus facilitating their means to anticipate and navigate future developments on this subject.



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