Dubai is at the forefront when it comes to technology adoption and IT-related investments. There are immense business opportunities in the Dubai Technology Sector. Research and real-world applications of Artificial Intelligence, Machine Learning, and Predictive Analytics are significantly visible in Dubai.
There is a growing number of startups in Dubai developing technology based applications. The technology adoption in UAE is paving way to a lot of business opportunities. The Dubai Tech Sector is all set for tapping the fields of telemedicine, blockchain, mobile-based consulting, machine learning, etc.
Dubai is keen on developing innovative technology practices in Healthcare, Pharmacy, FinTech, Education, Food Security, Artificial Intelligence, and Robotics. Dubai aims to be a Smart City in all aspects by embracing technology to the fullest.
Dubai’s Growing Business Opportunities in the Technology Sector
In Dubai, there is a growing business opportunity in the technology sector. Various industry sectors in the region is adopting technology and innovative business practices to achieve sustainability.
New applications, software, and business solutions are the part of a company’s technology adoption in UAE. The healthcare, finance, education, agriculture, etc., are widely adopting innovative technology such as Artificial Intelligence, robotics, etc.
The modern technologies such as AI, Robotics, etc., have evolved as a separate industry sector by itself. The applications of the modern technologies in UAE is on a larger base than many other countries in the world.
1. Health Technology
The healthcare sector in the UAE is transforming through the latest technology usage like Augmented Reality, cloud-based technology, etc. The business opportunities in Dubai, UAE from the new technology sector is enormous.
AR technology coupled with cloud-based technology enables a cost-effective way of accessing the world’s top healthcare professionals around the world. It will deliver high-quality patient care easily through the internet. It also helps in reducing travel costs and time for health specialists too.
Through live-streaming and using start-of-the-art AR software, complex diagnosis and surgeries can be conducted by consulting with global healthcare specialists.
Smart Health Devices
Smart health devices collect patient data to provide proactive care. The connected wearable devices are expected to hit over 1.1 billion units by 2022, There is an immense opportunity in the wearable tech market.
The tech adoption and business opportunities in the technology sector in Dubai is seamless with new innovations.
2. Financial Technology
Fintech in UAE is a mature industry sector. There is an array of applications such as financial investments, stock trading, forex, asset management, etc., under the purview of Fintech. Subsequently, the scope of technology adoption and business opportunities in the Dubai Tech Sector is diverse.
From Mobile apps that track transactions to advanced biometric, UAE has it all. There is increasing adoption technology solutions in Dubai, UAE such as the Digital Wallets, Biometric authentication, online banking, digital account opening, in the UAE.
The number of FinTech companies in the MENA region is expected to grow to 1,845 by 2020.
There is an independent UAE regulatory body and the English Common Law judicial system to govern FinTech Startups. UAE offers the perfect ecosystem for fintech companies to demonstrate their innovative technology solutions and expand their business opportunities.
3. Education Technology
Technology adoption in Dubai’s Education System is becoming a common practice. With smart classrooms, digital screens, and online classrooms, e-books, etc., the UAE is revamping its educational system.
There is immense business opportunities in the technology pertaining to education and child’s overall improvement. EdTech aims to empower children with the latest practices and educational reforms.
With the pandemic, distant learning has become the new normal. The scope of EdTech is vast.
Ranging from interactive content creation for students to smart technology devices, the use of technology in education is becoming popular around the world.
4. AgriTech – For Food Security
UAE is aiming to adopt modern agriculture technologies and utilize renewable natural resources in food production. Hence, there is a growing business opportunity in various tech sectors in Dubai to support the Agriculture sector with innovative technology driven products.
The increase of local food production is a top priority due to the Covid-19 lockdown and international border closures.
Adopting modern agriculture technologies and utilizing natural resources in food production is essential to sustain food availability in the future.
Business Investment Opportunities in the Food Sector
Providing an ecosystem that attracts foreign investments, and partnerships to launch food-related investment projects like processing units, warehouses, food testing centers, etc.
UAE is all set for using modern agriculture, water treatment technologies, and raising food safety standards.
5. Artificial Intelligence
UAE is an investment hotspot for technology projects across various industry sectors. UAE is aiming for becoming a smart city by adopting future-ready technology.
There is an immense business opportunity in the Dubai, UAE tech sector and industry sectors have already implementing latest technologies for their business support.
Additionally, there is a widespread adoption of Artificial Intelligence in all major business activities and industry verticals in the UAE.
Artificial Intelligence in UAE – Area of Application
- Instant Visa Processing by Dubai Government by partnering with Dubai Health Authority for a 30 min medical fitness clearance using robots and AI technology
- All disputes and cases in DIFC Courts would be dealt with using AI, Blockchain, and machine learning in the future
- AI is used to protect the Intellectual Property rights of entrepreneurs and research firms in the UAE
- Forming a Blockchain Consortium of UAE Banks to speed the account opening and facilitating Know-Your-Customer (KYC) data sharing and document transfer across banks
Robotic Process Automation is becoming mainstream in the UAE. With a handful of institutes and robotic tech companies in the UAE, robotic application development is a key focus area in the UAE.
There are already a few areas where robots are used actively in the UAE. From complex surgeries in healthcare to greeting guests at hotels, the scope of robotics application is vast.
Robotic Applications in Dubai
The Robotic Volunteering at Expo 2020 that guide the visitors to the pavilions and other common areas are great examples of live robotic technology use cases in Dubai. There is vast business opportunities in the Tech Sector of Dubai such as Robotic Services, Medical Robotics, etc.
Robots in Dubai Hospitals Performing Complex Surgeries
The Ministry of Health and Prevention is being actively using robots for conducting precise cardiac surgeries for some time. Robotics is becoming mainstream in coordinating High-Risk Surgeries in hospitals across the world.
Various Hospitals in UAE use Innovative concepts such as a Robotic Pharmacy. Based on high power computing and robotic technology the robots can store up to 35000 medicines and attend to around 12 prescriptions in less than a minute.
Also, from applications that monitor patient vital signs to remote consulting and surgeries, robotics has a wide range of applications in the medical field.
Robotics in Public Service
Also, robotics are widely applied in public service – The Dubai Police has a Robocop to greet and assist public, Robo Lifeguards in the beach, Robots to serve customers in documents renewals. updating information etc.
The RTA has an automated license plate maker capable of printing 33000 plates/day without any human intervention.
Robots are also used to clean Dubai Metro stations for reducing the consumption of water and improve the sterilization processes. So in a nutshell, robotics is the most sought after technology in the UAE.
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