Artificial Intelligence (AI) is the study of computers that can do tasks that would normally require human intelligence. “Narrow AI” refers to computers that outperform humans in some specific field, while “general AI” refers to computers that can surpass human capabilities in many domains. Common applications of AI include financial services, energy & utilities, retail, healthcare, technology, media & entertainment, transportation, and logistics.
The artificial intelligence market size in Qatar was estimated at US$1.5m in 2018, and is expected to grow by 40% annually to reach US$5.7 million in 2022
The top three industries projected to be most impacted by AI—construction, energy, and the public sector—are strategic sectors for Qatar
Future demand for AI solutions in Qatar will be driven by the TASMU Smart Qatar program, rising penetration of AI in Qatar, the disruption of Qatar’s key sectors, and the challenges associated with hosting the FIFA World Cup 2022
The lack of major AI solution providers presents new entrants an opportunity to dominate a rapidly growing market