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At the World Economic Forum in Davos, the Bahrain Economic Development Board hosted a breakfast meeting for global business and political leaders to discuss the innovative technologies, such as cloud computing and artificial intelligence, that are increasingly changing the way business is conducted around the world.
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His Excellency Kamal bin Ahmed, Bahrain’s Minister of Transportation and Telecommunications emphasised that Bahrain is heavily investing in digital infrastructure to help enable the next generation of technologies that will transform economies around the world.
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Nicolaus Henke, Senior Partner, McKinsey & Company noted that the possibilities of artificial intelligence are growing by the day, but scaling the technology will present many challenges. Consumer and business behaviour will undoubtedly change, he argued, with the resultant disruption unprecedented to what we have expired until now.
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H.E Khalid Al-Rumaihi, Chief Executive of the Bahrain Economic Development Board (EDB), noted that Bahrain is leading the way in embracing the possibilities of technologies such as cloud and AI, with recent regulatory reforms designed to digitise the Bahraini economy.
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Cloud computing is set to grow exponentially and nowhere more so than in the MENA region, but only if businesses are prepared for the dramatic changes that this will entail. Andrew Jassy, Chief Executive of Amazon Web Services called for countries to make a long-term commitment to digital infrastructure and accelerate the necessary reforms that will enable the rapid uptake of the new technology.
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Andrew Jassy and H.E. Khalid Al-Rumaihi concluded that the Middle East is well placed to capitalise on the technologies of tomorrow such as cloud computing and artificial intelligence, thanks to an ongoing commitment to improve regional connectivity and cooperation.