How is AI affecting different industries?
There are some major sectors where AI has taken off, not just in the Middle East but around the world, such as transportation, home security, infrastructure, and data optimization for workplaces.
AI for transportation: While Tesla and Uber are attempting to bring self-driving cars to the masses, other uses for AI in transportation are coming to the fore in the Middle East. In the UAE, for example, the State Minister for AI announced the nation would have autonomous cars on the roads in the skies in the near future, as well as intuitive, ‘self-driving’ robot police officers.
AI for home security: In the home security sector, AI has led to the creation of several new businesses and products. People can now purchase items such as home monitors via aerial drones, smart locks for doors, IoT-linked home security systems, smart doorbells and much more. And with nearly 110 million smart home devices shipped globally in 2018, the market is hungry for this type of technology.
AI for the workplace: Organizations that house huge amounts of data are using AI to sort through their information to derive useful insights – much faster than is possible from human data crunchers. Furthermore, as a branch of AI, machine learning is integral to numerous new workplace technologies. For example, Canon’s IRISXtract uses machine learning to automatically recognize documents and ‘pull’ the most important data for processing and validation.
AI for cities: Some are claiming AI is the ‘new oil’, which may not be so far-fetched when you consider Saudi Arabia is currently investing $500 billion into a brand new ‘smart city’. If successful, look for similar infrastructure-based AI projects to arise within the region and around the world.