Kuwait is accelerating towards the digital era. With the objective to empower government bodies with innovative and state-of-the-art technologies to achieve sustainable growth. To make this effort successful, Kuwait has recently collaborated with Microsoft to quicken digital transformation across all the sectors of its economy.
In its sixth E-government forum with Kuwait’s Central Agency for Information Technology, it laid emphasis on boosting e-government program implementation and managing change towards digitization.
“The Government of Kuwait is with ambition steering towards achieving the country’s Vision 2035 of ‘New Kuwait’ with a powerful concentrate on digital transformation,” aforementioned Charles Nahas, General Manager, Microsoft Kuwait.
“Cloud and Artificial Intelligence can be at the heart of this journey to fuel digitization and accelerate e-services in the public sector to address challenges and meet citizen expectations” he added.
KUWAIT TO FUEL DIGITAL INNOVATION MARKET
“New Kuwait 2035 is fostering nationwide digital transformation to drive economic diversification, non-public sector job creation, and e-government services,” said Qusai Al-Shatti, Deputy Director General for Information Technology Sector at Kuwait’s Central Agency for Information Technology.
“Digital transformation is that the heart of Kuwait’s enterprises, and is creating Kuwait’s economy additional competitive, and organizations more responsive and predictive to citizens’ needs” he added.
“Driven by New Kuwait 2035, the next-generation worth economy is regarding being galvanized to pioneer victimisation intelligent technologies.
Kuwait’s early adopters of computing, Machine Learning, Internet of Things, Advanced Analytics, and Blockchain will seize business competitiveness, and transform the economy, society, and environment” said Ahmed Al-Faifi,
Senior vp and decision maker, SAP Middle East North.
Kuwait is all set to adopt the new technologies and business models to drive digital business innovation. Kuwait 2035 vision is set to leverage digitalization to ensure its standing as a regional, financial, commercial and cultural hub. With the aim to drive the country’s digital innovation market to about $980 million and to promote nationwide digital transformation to create diversification, job creation and more.
SMART TECHNOLOGIES
According to a report Kuwait’s Ministry of Electricity and Water, in partnership with Zain and SAP, has started deploying the smart meters that will reach a total of 800,000 electrical
meters and three hundred,000 water meters to homes and organizations.
“Digital energy networks and good meters ar reworking utility suppliers round the world, with the Kuwait Ministry of Electricity and Water demonstrating leadership in developing next-generation energy infrastructure,” said Ahmed Al-Faifi, Senior vp and decision maker, SAP Middle East North.
“With the introduction of SWIFT GPI, Boubyan Bank can provide its customers high-speed cross-border payments with AN finish to finish trailing, transparency on bank fees and FX rates (Foreign Exchange),
ultimately permitting the bank to credit payments to finish beneficiaries inside minutes” as reported .
Kuwait’s Central Banks is all set to make “huge” analytics, big data, AI investments.
“It are going to be a forceful amendment,” said Tariq Al Usaimi, head of the digital strategy for the Central Bank of Kuwait.
“There are going to be an enormous investment from North American nation in AI,”.
“In terms of Blockchain, there will be some applications and processes that will have use cases for it” he added.
He aforementioned “We’ll even be creating an enormous investment in analytics and massive knowledge.
We need to analyze data thoroughly in order to make the right decisions. We need to accommodate the new influx of Fintech in the country, and how we can automate the supervision of the country’s financial institutions, Kuwait has seen a recent Fintech phenomenon; it’s exploding.”
ZAIN LAUNCHES FIRST 5G NETWORK IN KUWAIT
Kuwait telecom Zain has launched the first integrated 5G technology on its network, which will provide high-speed communications with high efficiency, as reported. “Telecom services are one of the most important sectors in accelerating economic growth and promoting trade,” said Zain Kuwait’s Chief Technology Officer Nawaf Al Gharabally.
The country’s Public Authority for Civil info (PACI) free a hyper-local computer program referred to as ‘Kuwait Finder’, which connects citizens to the local goods and services they need.
The application additionally provides turn-by-turn voice navigation to any business, with traffic info enclosed.
