AI and the future of SMBs: Transforming challenges to opportunities

According to the International Data Corporation, global spending on artificial intelligence technologies could surpass $749 billion by 2028 As the UAE solidifies its role as a leader in digital transformation, empowering businesses to adopt AI will be essential for sustaining this momentum. In the past decade, the UAE has emerged as a global hub for digital transformation, driven by a bold vision to diversify its economy and unlock new opportunities. At the heart of this transformation is the nation’s commitment to technological innovation, underpinned by substantial investments and a strategic push to cultivate a fertile ecosystem for artificial intelligence (AI). Through the UAE National AI Strategy 2031, the government is positioning the country to become a world leader in AI. This agenda includes dedicated funding programs to support startups and Small and Medium Businesses (SMBs) in accessing AI tools and applications. Another initiative, the Mohammed Bin Rashid Innovation Fund (MBRIF), launched by the Ministry of Finance, provides resources and services to accelerate growth for forward-thinking businesses. Additionally, AI Labs across the country invite individuals and businesses to experiment with AI, offering workshops, mentorship programs, and partnerships with academic institutions. According to the International Data Corporation (IDC) , global spending […]

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