Oracle has opened it first innovation lab in UAE with focus on Artificial Intelligence solutions. Oracle has named the new facility “Zayed Innovation Hub” and it was inaugurated by Omar Sultan Al Olama, Minister of State for Artificial Intelligence.
The innovation lab represents Oracle’s commitment to the region’s strive for technical innovation and focuses on the government’s emphasis on emerging technologies like AI, Internet of Things (IoT) and blockchain.
According to International Data Corporation, spending on AI in the Middle East and Africa region is estimated to surpass $114.22 million in 2021. Oracle is at the forefront trying to capitalize the adoption of AI by organisations in the region.
Abdul Rahman Al Thehaiban, senior vice-president for technology at Oracle Middle East and Africa, said that AI is the fastest growing initiative ever. He believes AI will be embedded into solutions and not as a standalone technology . AI will create more jobs than it eliminates but of a different profile.
UAE is the pioneer in adopting AI/cognitive system in the Middle East region and investments in the technology is estimated to increase manifold with the use of AI to improve automation, security, business processes and customer service.