By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
  • World
  • Business
  • Technology
  • Sports
  • Lifestyle
Search
Countries
More Topics
  • Health
  • Entertainment
Site Links
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Businesses Remain Cautiously Optimistic about AI – News
Share
Notification Show More
Latest News
Indian Premier concludes official visit to Oman
Gulf
Qatar, US hold session on regional cooperation as part of 7th Qatar-US strategic dialogue
Gulf
Central Bank of Oman hosts annual meeting with financial institutions
Gulf
Why more people are choosing to move to Saudi Arabia
Gulf
Amir attends FIFA Arab Cup Qatar 2025 closing ceremony
Gulf
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
Search
  • Home
  • Gulf
  • Business
  • More News
    • World
    • Technology
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Businesses Remain Cautiously Optimistic about AI – News
Business

Businesses Remain Cautiously Optimistic about AI – News

News Room
Last updated: 2024/06/26 at 4:20 PM
News Room
Share
3 Min Read
SHARE

AI technology is gaining traction across Europe, the Middle East, and Africa, with many seeing it as a tool to boost productivity. However, concerns around data quality, security, regulation, and more persist, according to research findings. Solarwinds’ 2024 IT Trends Report, titled AI: Friend or Foe?, indicates that IT professionals are cautiously optimistic about the role of AI in their organizations. While almost half of professionals want faster AI implementation, only 34 percent are confident in their databases’ ability to meet the demands of AI. Additionally, only a third trust the quality of data used in AI development.

Abdul Rehman Tariq Butt, Regional Director for the Middle East at SolarWinds, emphasizes that the majority of respondents expect AI to have a positive impact on their companies. To navigate the challenges of AI implementation, key stakeholders, including employees and customers, need to be onboard. The report shows that 52 percent of companies believe their employees are well-prepared for AI, while 42 percent think there is room for training. Moreover, 61 percent of businesses in EMEA have developed frameworks to address AI implementation concerns.

Effective AI implementation also requires the right regulatory frameworks and safeguards. Butt uses the example of ChatGPT usage in the UAE, emphasizing the need for internal regulation to prevent data leaks. Dependability and trustworthiness are essential for AI to benefit organizations. While concerns about job displacement often arise, the study reveals that privacy, algorithmic errors, and security risks are top reasons for negative AI experiences in EMEA.

According to the Solarwinds study, 87 percent of regional respondents support increased government regulation of AI, with security, combatting misinformation, and privacy issues being top concerns for businesses. Striking a balance between data security and ethical considerations is a significant challenge for organizations. Butt advocates for the use of security tools and ongoing training programs to foster a culture of responsibility and ethical behavior in AI programs.

Krishna Sai, SVP of Engineering at SolarWinds, highlights the importance of prioritizing security, fairness, and transparency in AI development. While AI holds promise as a valuable advisor for overworked teams, the rush to implement AI quickly without careful consideration of risks can have dire consequences. Consultation with IT professionals and implementing internal systems can help organizations navigate the complexities of AI implementation successfully.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room June 26, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Shoura Council Delegation Begins Official Visit to Tajikistan and Uzbekistan
Next Article Danes eagerly anticipating Germany Euro match after tense Serbia draw
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Indian Premier concludes official visit to Oman
Gulf December 19, 2025
Qatar, US hold session on regional cooperation as part of 7th Qatar-US strategic dialogue
Gulf December 19, 2025
Central Bank of Oman hosts annual meeting with financial institutions
Gulf December 18, 2025
Why more people are choosing to move to Saudi Arabia
Gulf December 18, 2025

You Might also Like

Business

Finance Ministry launches first phase of transition to Unified Government Financial System“Maliya”

December 18, 2025
Business

Pakistan extends Indian aircraft ban: airspace closed until 2026

December 18, 2025
Business

Warner Bros. rejects Paramount’s hostile bid, backs Netflix deal amid takeover battle

December 18, 2025
Business

stc group subsidiary center3 and HUMAIN announce JV partnership to develop data centers supporting up to 1 GW of AI workloads in Saudi Arabia

December 18, 2025
Business

HONOR unveils HONOR Magic8 Pro in Saudi Arabia with a flagship launch event at The Arena, Riyadh

December 18, 2025
Business

“India leading source of FDI, giving our cooperation a strong foundation of trust,” says Ethiopian PM Abiy Ahmed Ali

December 18, 2025
Business

Bigger jets will land at Dubai airport this winter season amid travel boom

December 18, 2025
Business

AlUla Development Company appoints John Pagano as managing director

December 18, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?