Generative AI’s (GenAI) impact on businesses was discussed by experts in the second Tech Talk hosted by stc Bahrain, a world-class digital enabler. 

 

The panel discussion shared insights on demystifying AI, sharing with business leaders giving practical advice as to how they can integrate AI into their company, as well as deal with potential risks for businesses seeking to embark on the AI journey.

 

As a digital enabler, stc Bahrain is leading the market with implementing the latest cutting-edge technologies to empower digital transformation in the kingdom. The company is an innovator in various fields including ICT, IoT, cloud, cybersecurity, fintech, insurtech and more – in an effort to spearhead advanced tech services and contribute to the digital economy.

 

After an introduction from stc Bahrain CEO Eng Nezar Banabeela, Rich Minford, Head of the Oil & Gas Sector at Palantir Technologies, moderated a Q&A panel that brought together the following experts such as Shaikh Ali bin Khalifa AlKhalifa, Chairman of BNET Bahrain; Abdulwahed AlJanahi, CEO of the Benefit Company; and Christelle Salame, Partner at Artefact Mena.

 

Various sectors

Among the various sectors represented in the audience and discussed in the panel, the finance, telecom, healthcare, energy, utilities, oil and gas, public sector, education and pharmaceutical industries were represented. 

 

Banabeela said: “We are honoured to be bringing together industry experts, business leaders, and influential speakers to share insights on GenAI and its impact on businesses in the years to come. We are confident that as we adapt these advanced technologies, we can prepare for a future that is filled with growth and prosperity, placing the Kingdom as a digital hub in the region.”

 

The panelists shared insights on how to fit AI into a business’ vision, from analyzing the state of play in their respective sectors to identifying which departments in a company would be the best candidates for a first AI project. 

 

Effective AI strategy

The speakers also discussed how to formulate an effective AI strategy - which types of companies should integrate it incrementally or test it on an ambitious project. Finally, the panel discussed the ethics of AI, its legal framework, and how to ensure a fair use of data. 

 

The discussion closed on the limits of the technology and how a human element would still be needed in the future - such as translating of data into effective communication, with storytelling as an essential part of a robust AI strategy to make sure that the data can be used to achieve growth and results.--TradeArabia News Service