Page 32 - FUTURE FESTIVAL PR REPORT - MAY 2024

Scharf, CCO of Trend Hunter, and will highlight the transformative influence of AI on
creativity, efficiency, and consumer interaction. In addition to providing insights into a
smarter, more innovative future, Sean will also discuss the profound effects of AI on the
workforce, consumer experience, and everyday life. Likewise, the ‘Reflection and
Reprioritisation’ session will distil the most significant learnings and insights from the
event for participants.

According to International Data Corporation, annual spending on AI in the Middle East
and Africa is anticipated to increase by 32 per cent. The UAE stands to benefit the most
from this, especially as the technology sector is set to contribute approximately USD 97
billion to the country's GDP.
The UAE is also committed to achieving the goals outlined in the UAE Centennial 2071,
and has begun integrating AI into government operations, which promises to improve
efficiency and effectiveness, positioning the country as a global leader in AI
applications. Assuming that automation is extensively implemented in each industry, the
UAE could benefit from an increase in economic output of AED 335 billion.

The Future Festival, which has Expo City and the Dubai Future Foundation as Strategic
Partners, not only showcases Dubai's commitment to advancing AI, but further supports
the UAE's broader AI Strategy, which aims to accelerate growth in the fields of
community welfare, education, economy, and the government. With its valuable insights
into the rapidly evolving world of technology, Trend Hunter – the largest community for
trend spotting across industries – will also play a key role in supporting this influential
forum. As expectations rise, the 'Future Festival' will serve as a point of inspiration,
allowing participants to embark on a journey of knowledge and collaboration.

https://menafn.com/1108210070/Future-Festival-2024-set-to-highlight-AI-driven-innovations-and-
connect-industry-leaders-for-the-first-time-in-Dubai