According to the UAE Minister of State for Artificial Intelligence, Omar Sultan Al Olama, not only is artificial intelligence reshaping the energy scene on a global scale, but the contribution of AI to the UAE energy sector is going to reach an estimated $2.85 billion by 2020. Technologies like data analysis, artificial intelligence, the Internet of Things, and blockchain are all emerging as key components in how the energy sector will be impacted and disrupted. While oil prices have dropped in the last few years, the disruption of these new technologies are going to yield higher returns on efficiency, safety, and security, enabling the country to make faster and more accurate decisions.
While the world continues to move towards renewable energy, the market currently cannot meet all the energy needs required, and as such the growth and demand for oil and gas will continue to expand soon. With this said, the use of Artificial Intelligence in the UAE oil and gas sector, positions the country to become a global leader of AI innovation. According to the UAE Minister of State, the outlook for the energy sector is positive despite economic slowdown, as the technological revolution continues to grow within the market.
There are numerous reasons why Artificial Intelligence can be a trusted solution for the retailers. One and of course the most prominent reasons of all is that Artificial Intelligence can up-raise the customer experience. Moreover, AI can provide fast and intelligent automation as well as dynamic scalability to optimize the purchase experience of the customers.
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