Countries that are rapidly adopting AI-driven digital transformation are anticipated to experience quicker economic growth, according to tech industry leaders as Gitex 2024 approaches its conclusion. This optimism stems from advancements in Artificial Intelligence (AI), 5G-A, and cloud computing, which are fundamentally altering business operations and service delivery in both the public and private sectors, thereby accelerating global growth.
The World Economic Forum projects that digitalization and intelligence will contribute to 70 percent of total global economic growth over the next five years. During a forum at Gitex 2024 in Dubai, the world’s premier tech and innovation expo, Huawei’s Vice President of ICT Marketing and Solution Sales, David Shi, emphasized the importance of investment in next-generation ICT infrastructure, particularly in developing nations, to sustain growth.
“From smart cities optimizing energy use to AI-powered medical diagnostics, the impact is already changing the way societies function. We must all unite to build a foundation of digital intelligence and transformation,” Shi stated.
AI is also transforming how SMEs conduct business, with those investing in technology significantly increasing their returns, according to Huawei’s President of Global Partner Commercial and Distribution for Enterprise Sales, Ernest Zhang.
“More than 170 countries have now developed national strategies focused on AI-driven digital transformation,” he noted.
The firm highlighted, “The link between technological advancement and economic growth is a well-trodden path. From the steam engine to the assembly line, each industrial revolution has redefined our economic landscape. This current digital revolution, however, is having an outsized impact due to the rapid pace of innovation and its profound impact on the way companies are transforming operations.”
Additionally, the new Global Digitization Index (GDI), developed in collaboration with IDC, measures the progress of digital transformation across countries, illustrating the clear connection between a nation’s ICT maturity and its economic prosperity.
