Dubai: The UAE will generate Dh33.8 billion over the next three years thanks to digital transformation, said Aisha Bin Butti Bin Bishr, Director-General of the Smart Dubai Office.
Speaking at the Meet the CEO event organised by Dubai Media Office, Bin Bishr said that the Internet of Things (IoT) will generate Dh17.9 billion for the UAE by 2020.
“Open data will add Dh10.4 billion to Dubai’s GDP [gross domestic product] by 2021, while Blockchain technology in public services will add Dh5.5 billion by 2020,” said Bin Bishr.
Bin Bishr said Dubai has made immense progress in its journey to become a smart city on a global stage, as it is currently providing 1,000 e-services.
On blockchain technology, Bin Bishr said: “It will make Dubai the first government in the world to carry out all its transactions using blockchain technology by 2020.
“That is why Smart Dubai adopts a comprehensive strategy that revolves around three themes: Government efficiency, creating new and specialised sectors and achieving global leadership.”
“It focuses on enhancing the efficiency of Dubai government bodies by transferring 100 per cent of transactions to blockchain technology by 2020.
“It will also encourage paperless transactions, contributing to doing away with 100 million paper transactions annually, which will in turn have a positive environmental impact, lessening carbon dioxide emissions by annually reducing the number of trips by customers to governmental departments and the number of paper documents used,” she added.
Bin Bishr said that the UAE’s Artificial Intelligence Strategy is an important cornerstone of UAE Centennial, describing it as pivotal for enhancing government performance and creating an innovative environment by introducing artificial intelligence technologies in different fields, both governmental and private.
AI will also cut government work costs by 50 per cent, due to less reliance on using paper in transactions.