Artificial Intelligence (AI) is transforming industries worldwide, revolutionizing workflows and redefining how governments and businesses operate. The excitement surrounding AI lies not only in its novelty but also in the vast potential it offers to those who seize its opportunities early. With AI projected to contribute $15.7 trillion to the global economy by 2030, the Middle East and South Asia are uniquely poised to benefit, provided they adopt strategic policies and make targeted investments.
A recent study by PwC estimates that AI could contribute approximately $320 billion to the Middle Eastern economy by 2030. Governments in the region could save up to $7 billion annually by leveraging AI to optimize operations and automate tedious processes, according to Oliver Wyman. For South Asia, where rapid digitalization is underway, the potential for AI-driven economic growth is equally significant. These regions, already grappling with challenges like urbanization, resource scarcity, and economic diversification, can find in AI a powerful ally to accelerate progress.
AI has already begun to streamline public sector operations across the globe. By automating repetitive tasks and employing predictive analytics, governments can improve efficiency, reduce costs, and enhance citizen engagement. Middle Eastern governments, for example, are using AI to provide personalized and responsive e-governance services. In South Asia, countries like India are leveraging AI to optimize subsidy disbursements and detect fraudulent activities.
AI is also proving invaluable in sectors critical to national well-being, such as healthcare and education. In healthcare, AI-powered telemedicine is bridging gaps in access, especially in remote areas. Advanced algorithms........