PHOTO
Dubai: The Department of Economic Development (DED) in Dubai has formed a strategic partnership with BooleanLAb, an international company specialised in technology solutions based on artificial intelligence (AI) and the Internet of Things (IoT), to establish an advanced market monitoring and inspection system for the emirate.
The partnership, aligned with DED’s participation in the fourth cohort of the ‘Dubai Future Accelerators’ programme, aims to enhance efficiency of market supervision and inspection in Dubai by 25%, thus reinforcing the emirate’s business competitiveness.
The Commercial Compliance & Consumer Protection (CCCP) sector in DED is focusing on integrating smart technologies including AI to improve the quality of services provided to the business community and enhance transparency, neutrality and overall efficiencies across dealings between traders and consumers.
The partnership was signed at the Dubai Future Foundation between Mohammed Ali Rashid Lootah, CEO of CCCP, and Nuwan Dehigaspitiya, Chief Executive of BooleanLAb, in the presence of officials from both sides.
Lootah commented: "Dubai has its eyes set on its medium to long term future in various strategic sectors. Our partnership with BooleanLAb is aimed to make market monitoring and inspection a fast and smooth experience for traders, without any interruption to business operations. The partnership will also help us enrich our database towards enhancing efficiencies across the inspection process by 25%."
With the advanced monitoring and inspection system, the time taken for filing complaints as well as completing inspections on DED’s smart applications will be substantially reduced, said Lootah. While the business community as well as residents will benefit from the improvement in quality and time of inspections, it will also take the emirate further up in global competitiveness rankings.
The partnership with BooleanLAb follows a number of significant initiatives CCCP has launched recently, including a first-of-its-kind ‘Smart Protection’ service that deploys AI to resolve consumer complaints, and the ‘IP Gateway’ application to protect trademarks against fraud. Lootah added that CCCP will continue to adopt the latest technologies across its services to enhance customer satisfaction and happiness.
-Ends-
About the Department of Economic Development, Dubai
The Department of Economic Development (DED) is the government body entrusted to set and drive the economic agenda of the emirate of Dubai, UAE. DED supports the structural transformation of Dubai into a diversified, innovative service-based economy that aims to improve the business environment and accelerate productivity growth. DED and its agencies develop economic plans and policies, identify and support the growth of strategic sectors, and provide services to domestic and international investors and businesses.
For further information on DED, please contact:
Faisal Shamsudheen,
Government Communication Division,
Department of Economic Development, Dubai
Phone: +971 4 445 5927
Email: faisal.pathiasseri@dubaided.gov.ae
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
