AI and other new technologies to accelerate the growth


The Ministry of Transport & Communication (MOTC) recently organized a webinar on 'Knowledge Mining & Artificial Intelligence'. It is anticipated that artificial intelligence (AI) will significantly contribute to the growth of businesses in different shapes and sizes from start-ups and scale-ups to multi-national corporations around the world.

The panel discussed how the advancement and enhancement of AI, machine learning, knowledge mining and integration will benefit the (business) ecosystems.

The most notable benefits of AI will be competitive advantages, more efficient work processes, improved compliance and more effective decision making.

AI allows a wide range of structured and unstructured data to be condensed, digitised and evaluated. Unstructured data includes without limitation or restriction PDFs, images, videos, audios, hard-copies and even handwritten notes. Systems can be programmed to recognize key data to extract it from different documents.

In addition, knowledge mining is a key emerging discipline in AI. It is a technology that turns data into knowledge using AI powered search. AI employs cognitive skills which are able to index selected data and to integrate with Optical Character Recognition (OCR).

The advantages of knowledge mining are wide. A Harvard Business Review report suggests that on average QAR 145 thousand (USD 40 thousand) is lost per company on information searches in unstructured data. With the introduction of knowledge mining, companies will no longer require data scientists to mine data because the documents have already been digitized.

Please click here to reach out to Business Start Up Qatar and learn more about artificial intelligence and other new technologies in the State of Qatar.

Other News

BSUQ News 54 - Thumb

Qatar welcomes over 2 million visitors in first quarter 2024

Qatars Ministry of Tourism announced the State attracted over 2 million tourists in the first four months of 2024 during the recent Qatar Economic Forum.

The impressive figures were revealed during...

Read more
BSUQ News 53 - Thumb

Qatar continues to focus on economic diversification

Qatar is successfully progressing with its economic diversification plans by targetting four key sectors, namely logistics, Information and Communications Technology (ICT), manufacturing and tourism.


Read more
BSUQ News 52 - Thumb

Qatar's New Real Estate Law Boosts Investment Climate

Qatar's real estate sector is undergoing a transformative phase with the recent issuance of Law No. 5 of 2024 related to real estate registration.

This landmark legislation aims to regulate the sector...

Read more
BSUQ News 51 - Thumb

Qatar Foundation funds over 4,800 projects since 2007

Qatar Foundation (QF) has been leading Qatar’s efforts to diversify the economy and transform the nation into a knowledge based society.

Across the fields of IT, energy, environment and healthcare,...

Read more
BSUQ News 50 - Thumb

Qatar focused on developing the healthcare sector

Qatar`s healthcare sector is expected to increase at a compound annual growth rate (CAGR) of 5.2 percent by 2028 according to data by Fitch Solutions.

Analysts predict such figures based on recently...

Read more
BSUQ News 49 - Thumb

Qatar's gateway for global talent: The Mustaqel Visa

Qatar is set to revolutionise its labour market with the launch of the Mustaqel Visa, a groundbreaking five-year renewable residency permit designed for international entrepreneurs, exceptional talents...

Read more
BSUQ News 48 - Thumb

Qatars 'Young Entrepreneurs Initiative’ empowers students

Qatars ‘Young Entrepreneurs Initiative’ aims to educate its students about leadership skills with the goal of chanelling energies and ideas to serve the society.

The initiative is a combined programme...

Read more
BSUQ News 47 - Thumb

Qatar Scholarship Programme to accept 100 new recipients

Qatar Scholarship Programme recently introduced 100 new scholarships at an event attended by The Education Above All Foundation (EAA) and the General Directorate of Endowments (Awqaf).

The event also...

Read more

Page Break