UAE is way ahead in Industries 4.0 in the world in embracing and advancing Robotics, Artificial Intelligence, Blockchain, Big Data, Cyber Security, High Tech Manufacturing that is constantly creating connectivity and globalization.
UAE is first in the world in establishing the Ministry of Artificial Intelligence in 2017
The UAE is way ahead in the Fourth Industrial Revolution (Industries 4.0) in the world in embracing and advancements in the Robotcs, Artificial Intelligence, Blockchain, Cyber Security, Big Data and High Tech Manufacturing that is constantly creating connectivity, globalization and immensely impacting the human life.
“The centre of the Fourth Industrial Revolution is the ‘human’ himself. Skills need to be upgraded to embrace the change which is happening in an electrifying speed with smart devices. A mobile in hand is not just a telecom device but much more than that. Today, no one needs to hire a consultant to do job effectively. Devices are doing that job now. We just need to match with the proper synchronization, effective use of machines and knowing how to do it”, said Henrik Von Scheel, Co-Founder of Ocean5, Switzerland.
High level panelists about a session on ‘How to Compete for Investment in Industry 4.0’ included Antti Aumo, Executive Vice President, Finpro, Finland; Fatima Al Arabi, Founder, Alaf Capital, Switzerland; Henrik Von Scheel, Co-Founder of Ocean5, Switzerland; Lee Gibson Grant, Founder of DT X Project & International Director of Blockchain Center ASEM Academy, Moldova; Pilar Madrigal, Head of Investment Promotion and Aftercare, CINDE, Costa Rica; Rudolph Lohmeyer, Senior Advisor of Clearwater International, Portugal.
UAE was first in the world in establishing the Ministry of Artificial Intelligence in 2017. Smart Dubai and such projects are all part of UAE strategy of embracing Fourth Industrial Revolution. The UAE Strategy for the Fourth Industrial Revolution aims to strengthen the UAE’s position as a global hub for the Fourth Industrial Revolution and to increase its contribution to the national economy by means of advancing innovation and future technologies.
The strategy also outlines the path to achieve the future experience of government services by providing intelligent and interactive government services around the clock to achieve customer happiness and to position the UAE as a model for interactive cities using artificial intelligence to achieve sustainability.
The UAE Strategy for the Fourth Industrial Revolution focuses on a number of key fields; some of them are innovative education, artificial intelligence, intelligent genomic medicine and robotic healthcare.
Speakers at the session were unanimous that everything is connected with Industry 4.0. Six critical trends that will change the next two years, that are – Disruption, Artificial Intelligence, Unleashing the potential of Smart, The future of work, Next wave of Operational Excellence and the next digital frontier of Blockchain in the economy revolution across industry.
Mastering the dimensions of growth and productivity are invest, innovate and perform which involves the competitive advantage, hyper-competition, automation, alignment and optimization. Annual Investment Meeting is a part of UAE keeping abreast with the innovative trends and looking beyond to reach new planets.
This will make the AIM the largest such gathering of government leaders and private sector business leaders and investors, organised by Ministry of Economy. Last year, more than 19,000 visitors including VIPs, dignitaries and government delegations participated at the three-day conference. This year More than 20,000 investors and business visitors are expected to participated at the eventful three-day-long activities that will address issues related to global follow of Foreign Direct Investment (FDI).
Governors and Mayors from the Federal Republic of Nigeria, Ukraine, Mayor of the Municipality of Timisoara, Romania, Governor of Kano State, The Federal Republic of Nigeria, Governor of the Perm region of Russian Federation, Mayor of Municipality of Adjovscina, Republic of Slovenia, Metropolitan Chief Executive of Republic of Ghana, Governor of Kilifi County Government, the Republic of Kenya and many other governors and mayors from Ecuador and other countries are going to attend AIM 2018.
More than 143 countries participate in the eighth session of the Forum and about 20 thousand investors and visitors from around the world.
A number of global ministers, inspiring business and thought leaders will lead interesting discussions on investment trends, public-private partnerships, sustainability, investment promotion, cryptocurrencies, and sovereign wealth fund at the forthcoming Annual Investment Meeting (AIM) to be held at the Dubai World Trade Centre from April 9 to 11, 2018.