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The UAE is experiencing a technological renaissance, with AI poised to significantly boost the economy. By 2030, AI is projected to increase the UAE's GDP by 14%, translating to AED352.5 billion. SMEs are at the forefront of this transformation, leveraging AI to enhance their competitiveness and contribute to the nation's economic diversification goals.
The UAE government aims to foster a thriving SME ecosystem, targeting one million SMEs by 2030. AI technologies are democratizing innovation, allowing SMEs to optimize operations and respond swiftly to market changes. Events like Expand North Star provide essential platforms for SMEs to explore tailored AI solutions, ensuring they remain relevant in the digital economy.
• AI expected to boost UAE GDP by 14% by 2030.
• UAE government targets one million SMEs by 2030.
AI is being utilized by SMEs in the UAE to enhance operations and drive innovation.
AI plays a crucial role in e-commerce by optimizing customer interactions and improving marketing strategies.
SMEs are using predictive analytics to gain insights into customer behavior and market trends.
PwC's report highlights the significant economic impact AI is expected to have on the UAE's GDP.
Du's initiatives support the UAE's cashless vision and enhance the digital finance landscape.
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