This event was owners focused and served as a eye opening event for the business merchants in Dubai as KEL Dubai hosted an event on how the Artificial Intelligence is revolutionizing Small and Medium Sized Enterprises on 21 st September, 2024. This premiere event named “AI Transforming SME Businesses” was aimed at creating an understanding of how Artificial Intelligence could unlock the sector’s full potential[4].

The event which was held against the backdrop of the new technological age in Dubai intended to unveil diverse approaches through which companies through adoption of artificial intelligence could improve on their productivity, competitiveness and efficiency without compromising on output. Given that Ai is gradually changing industries all over the worlds, this timely meeting helped me how SMEs in Dubai can deploy this technology on notice to overcome increasing digital competition.

During the event, guests were also presented with a number of presentations and panel discussions from the leading specialists of the sphere of AI and business technologies. These sessions comprised best practices on utilization of AI in different business lines, prospects of AI adoption in value chain, and how SMEs can successfully implement AI.

Another topic discussed during the event was the capability that AI presents to close the gap between SMEs and large businesses. During the discussions, speakers also explained how AI technologies assist in automating work and decision-making across various companies and that this is especially good for those players who are not as large as their competitors – here, using AI tools helps improve competitiveness.

It also featured insights into requirements for continued/retrofilling the workforce as a result of change in business due to AI among other topics. Some of the topics that emerged include the importance for SMEs who are often seen as the ‘silent majority’ to sponsor training and maintain an environment that ensures the workers and users of technology are prepared to adequately deal with Artificial Intelligence technologies when they become pervasive.

Another key topic explored throughout the sessions was the key ethical issue in implementing AI in business. Industry leaders touched on issues related to AI usage; specifically, concerning data security and handling potential bias within algorithms; and demand for clear decision making from artificial intelligence.

The “AI Transforming SME Businesses” also showcased various local SMEs case and success stories on how they adopted of AI in their businesses. Such cases gave the audience true to life insights as well as motivation, showing how successful AI implementation can be across industries.

However, the function brought many networking opportunities to the participants besides informative sessions about the topic. Both business owners, along with the providers of the technological solutions and several experts in that field could engage in experiences, as well as networking opportunities for potential cooperation in the Ai sector.

The event was organised by KEL Dubai which was appreciated for their efforts to establish a platform to address this important issue. KEL Dubai as a significant actor of the Dubai business environment contributed to the dissemination of the AI opportunities for SMEs as an element of the overall Dubai’s vision to transform into the technological and innovative hub.

The outcome of this event reflects the increasing demand and awareness of AI’s opportunities in the SME sphere in Dubai. With the emirate heading towards more technological advancement and increasing technological support, such events are particularly important in informing and enabling companies to move towards the greater adoption of technology in the emirate.

In the coming years, we anticipate similar ideas and networking which occurred during this event are to help the adoption of AI to the SMEs in Dubai. The real-life case dialogue and information exchange will definitely make several enterprises to seek AI solutions relevant to their operations and issues encountered.

Furthermore, the event has established the stage to foster future partnership between the technology vendors, AI specialists, and SMEs in Dubai. This could result into emergence of unique and custom built AI solutions that directly target the needs of SMBs in the region.

When Dubai is striving further to become smart city and a pioneer of modern technological advancement such events like “AI Transforming SME Businesses” provides significant importance to reach out and develop all layers of the business community particularly SMEs.

The success of this event also paints the growing environment that is increasingly supportive of AI adoption in Dubai toped with government support, private industry investment, and educational programs aimed at producing skilled AI human resource. The combination of all these factors is highly important when striving to shape the conditions necessary for SMEs’ success in the AI world.

Therefore, the program “AI Transforming SME Businesses” held by KEL Dubai is a distinct step towards making artificial intelligence more accessible for SME businesses in the UAE. The positive effect of this event is to create and sustain interaction between the stakeholders and exchange knowledge of the digital evolution process that Dubai is striving through to advance SME future business environment in the future ahead.