In a recent report, it was revealed that an impressive 89% of technology leaders in the UAE express confidence in their current technology's capacity to drive business growth and enhance organizational development. Notably, this level of confidence exceeds that of their global counterparts by a substantial 16%.

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The KPMG UAE Tech report for 2023, titled "Tech Trailblazers: Navigating the Next Digital Frontier," underscores the UAE's commitment to utilizing technology to achieve ambitious business objectives, address challenges, and advance environmental, social, and governance (ESG) priorities.

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Moreover, 87% of UAE tech leaders are confident in their technology's ability to advance the organization's ESG agenda, surpassing the global average by 15%. An additional 86% believe that their organization's technology simultaneously enhances employee satisfaction, well-being, efficiency, and cost reduction.

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The report highlights the UAE's strategic focus on artificial intelligence (AI) and machine learning (ML) shared by Chief Technology Officers (CTOs). According to the KPMG study, 53% of tech leaders in the UAE recognize AI as a key driver for achieving their short-term objectives.

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Notably, 43% of tech leaders attribute their belief in AI's potential to its demonstrated return on investment (ROI), with two-thirds of CTOs crediting AI initiatives for significant increases in profitability.

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