Close Menu
    Facebook X (Twitter) YouTube LinkedIn
    Trending
    • OCT and H3C Join Forces to Expand Advanced ICT Solution Distribution
    • Leaders should stay grounded in ethics, keep customers at the center, and build a culture where people can grow and succeed together
    • How to Make Your Website Accessible and Better for Everyone
    • Shaping Pakistan’s Future: CXO Global Forum Joins Visionaries at Leaders in Islamabad Business Summit
    • CITADEL Pakistan and Muhammad Abbas & Co. Sign MOU to Support Pakistan’s Startup Ecosystem
    • Why Most AI Strategies Fail Before They Even Start
    • The Code Is Starting to Write Itself. So What’s a Software Company For? Intelligence is moving into the plumbing of how organizations operate, and most people are watching the wrong layer
    • Why Your Direct Sales Team Isn’t Enough: The Power of VADs and Channel Collaboration
    News – CxO NewsNews – CxO News
    • Home
    • Press Release
    • Business
    • Tech
    • Video
    Facebook X (Twitter) YouTube LinkedIn
    Tuesday, September 29
    News – CxO NewsNews – CxO News
    Home » AI is forecasted to add $15.7 trillion to global GDP by 2030
    Technology

    AI is forecasted to add $15.7 trillion to global GDP by 2030

    cxonnewsnewsBy cxonnewsnewsDecember 21, 2020No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Pakistan initiates several important AI-based projects to grow safer

    KARACHI: The technology-based Artificial Intelligence (AI) holds similar power to transform industrialization to next-generation like the discovery of electricity did in 20th century and Pakistan has initiated a number of AI-driven projects to mitigate the risk of several natural and manmade crises.

    “Some consider AI to be on par with what we saw with the revolution of electricity during the 20th century,” Dr. Yasar Ayaz, CPD/Chairman at National Center of Artificial Intelligence (NCAI), Pakistan & Professor of AI & Robotics, NUST said while addressing at the ‘Pakistan Second Artificial Intelligence Summit 2020′ organized online by Total Communications.

    Pakistan has initiated AI-based projects to mitigate the risk of (1) natural disaster (floods, landslide and earthquake), manmade disaster (accidents, terrorist and other malicious activities) and the environment under the concept of the safe city; (2) to detect brain tumour, breast cancer and lungs disease especially TB; (3) to facilitate in crime prediction and investigation; (4) to improve financial services, energy, agriculture, transport and healthcare sectors, he elaborated.

    The industrial sector of Pakistan is moving towards the Industry 4.0 version of AI. And robotics-based manufacturing models are now critical for Pakistan, he said.

    “AI is forecasted to add $15.7 trillion to global GDP by 2030,” he said.

    Shabahat Ali Shah, CEO, NITB said: “AI and robotics will replace everything…in the next five years.” He said 60% population of the world is active through different digital devices. Their activities have given birth to tons of data especially on clouds technology. The happening has enabled to roll out more sophisticated and customer-centric applications through using AIs in five-year down the road.

    Technology firms, including the big eight like Google, Facebook and Amazon, would monetize through using big data on clouds to introduce AI applications, he said.

    Asif Saleem, Senior Director, Banking Advisor, Oracle (Japan & Asia Pacific), said the Artificial Intelligence has grown competition in the financial sector – especially among banks. “AI is new (form of) electricity,” he said, adding those nations and industries that would opt to deploy AI and robotics-based solutions would lead in the world and those who would ignore them would become poor.

    The human being, however, should use AI and robotics in a way they improve their quality of lives rather than dominating them. “Small robotic applications have started taking up (jobs from a human being) in Pakistan,” he said.

    Irfan Wahab Khan, CEO, Telenor Pakistan said that “Mobiles (smartphones) have become the first device for people to remain connected around the world.” The AI revolution has enabled devices to talk among themselves and improve the lives of a human being. “AI has enabled equipment to consume lesser power like lights and refrigerators switching on/off themselves as and when humans tend to do  so.”

    Alain Sanchez, EMEA CISO and Senior Evangelist Fortinet, said the introduction of the 4G/5G internet and fast roll outs of technologies and applications have simultaneously increased the chances of cyber-attacks. “AI is fundamental to device security operations. Human brains cannot do this,” he said.

    Other international speakers from different parts of the world also spoke in the webinar. The event also featured two panel discussions on (1) Is AI Proving its worth in Transforming Businesses?’ and (2) Adoption and Facilitation towards Research & Growth of AI.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    cxonnewsnews

    Related Posts

    CITADEL Pakistan and Muhammad Abbas & Co. Sign MOU to Support Pakistan’s Startup Ecosystem

    September 17, 2026

    Payoneer vs Wise Pakistan: Which Is the Better Freelancer Payout Platform?

    September 2, 2026

    Swich vs Simpaisa: Which Payment Platform Fits Your Business in Pakistan?

    September 2, 2026
    picks
    Stay In Touch
    • Facebook
    • Twitter
    • YouTube
    Don't Miss
    Press Release

    OCT and H3C Join Forces to Expand Advanced ICT Solution Distribution

    September 23, 202601 Min Read

    𝗢𝗻𝗹𝗶𝗻𝗲 𝗖𝗼𝗺𝗽𝘂𝘁𝗲𝗿 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀 (𝗢𝗖𝗧) has officially signed a Distribution Partnership with H3C, strengthening commitment to…

    Leaders should stay grounded in ethics, keep customers at the center, and build a culture where people can grow and succeed together

    September 21, 2026

    How to Make Your Website Accessible and Better for Everyone

    September 19, 2026

    Shaping Pakistan’s Future: CXO Global Forum Joins Visionaries at Leaders in Islamabad Business Summit

    September 19, 2026

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    News around thought leaders & corporate industry. World is moving towards knowledge economy and the change of paradigm shift is here.

    • Contact us: hello@news.cxoforum.global
    Facebook X (Twitter) YouTube LinkedIn

    All rights reserved © By CxO Global Forum

    EVEN MORE NEWS

    OCT and H3C Join Forces to Expand Advanced ICT Solution Distribution

    Leaders should stay grounded in ethics, keep customers at the center, and build a culture where people can grow and succeed together

    How to Make Your Website Accessible and Better for Everyone

    Shaping Pakistan’s Future: CXO Global Forum Joins Visionaries at Leaders in Islamabad Business Summit

    CITADEL Pakistan and Muhammad Abbas & Co. Sign MOU to Support Pakistan’s Startup Ecosystem

    Why Most AI Strategies Fail Before They Even Start

    POPULAR CATEGORY

    • Press Release
    • Technology
    • Business
    • Startups
    • Heathcare
    • Education
    • Mobiles

    LINKS

    • Disclaimer
    • Privacy
    • Advertisement
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.