A new report by professional services firm Deloitte looks at the current level of readiness of over 150 GCC firms and whether they have actually implemented AI strategies and draws conclusions on overall AI readiness in the Middle East.

“Our survey of more than 150 organizations across the Middle East has shown that ambitions and expectations from AI are high but implementing AI strategies has proved challenging,” said Sultanbek Khunkaev, Managing Partner, Monitor Deloitte Middle East. “Interestingly, we found that while Middle East leaders believe they are ready for AI transformation, management teams are much less optimistic.”

The Deloitte survey titled “AI Readiness in the Middle East 2021” revealed that the main reasons for AI challenges for the sample studied follows predictable patterns. The majority of organizations made little progress beyond just developing an AI strategy. Others invested prematurely on AI algorithms, technology, and data without having the right talent, governance and culture in place to drive AI transformation.

Alarmingly, even for relatively advanced organizations, addressing ethical concerns around AI remained a problem making it difficult to build the trust needed to reap benefits of AI transformation. However, the Deloitte report finds that these predictable patterns also make it easier to overcome these challenges systematically with organizations learning from each other to avoid common pitfalls.

In order to allow organizations across the Middle East to intuitively visualize the capabilities needed to succeed on their journey to AI transformation, Deloitte conceptualized an AI Avatar, made up of numerous body parts, each representing a vital AI capability:

• The brain houses AI logic & algorithms while the heart guides strategy

• AI talent and governance are the arms that execute

• Technology and data give it legs

• AI culture is the torso that binds together the whole while ethics is the spine that holds it up

“By visualizing these capabilities as an intuitive AI avatar, Middle East leaders can engage in meaningful dialogue with management teams to develop more realistic AI strategies to revitalize their AI transformations,” said Arnab Bhattacharya, Director, Monitor Deloitte Middle East.

Copyright 2021 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

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