PwC Middle East Foresees GenAI Automating Daily Tasks in 18-20 Months

PwC Middle East expects Generative AI (GenAI) to have the ability to automate a big a part of day-to-day duties within the subsequent 18-20 months.

Speaking on the panel dialogue, GenAI, AGI Tomorrow, on the Dubai Assembly for Generative AI, Ali Hosseini, Chief Digital Officer at PwC Middle East mentioned evolution to Artificial General Intelligence (AGI) is imminent, moderately than a “distant dream”.  

Hosseini, together with Stephen Anderson, Partner, Strategy and Markets Leader at PwC Middle East, defined how we are able to now get a brand new thought to market in 20 minutes utilizing GenAI. He mentioned: “AI and humans can collaborate, augmenting each other’s capabilities to drive innovation and efficiency across industries.”

He highlighted the necessity to keep updated with the newest GenAI instruments and capabilities, noting enhancements in ChatGPT accuracy with newest plugins.

Hosseini mentioned: “AI can now be utilized for market assessments, pricing strategies and competitive analysis, using the impressive capabilities of tools, such as Midjourney and Leonardo. These, along with others, are transforming the way we design and create digital content. It not only saves time but also enhances the quality of our output.”

Anderson and Hosseini burdened the necessity for transparency, acknowledging that AI fashions have limitations when it comes to information accuracy and potential biases. They emphasised the significance of creating frameworks and educating groups to work successfully with AI, making certain moral and productive AI implementation.

Anderson recommended the UAE’s function within the world AI panorama, citing improvements like Falcon, the generative AI mannequin developed by the Technology Innovation Institute (TII). He highlighted Dubai’s readiness for exponential change, emphasizing that AI is just not eliminating jobs however moderately reworking them. 

“AI holds the key to addressing challenges such as climate change and sustainability. It is an exciting time, and technology is our ally in overcoming these hurdles,” he mentioned. 

Hosseini mentioned: “AI will touch every aspect of our lives and industries, creating new jobs that require different skill sets.” 

During the meeting, PwC hosted a aspect session titled, ‘The Rise of Open Source: LLM Deep Dive and Open-Source Frameworks’. It supplied a complete exploration of key subjects within the realm of AI. Featuring demos and discussions on multi-agent techniques, PwC consultants delved into essential ideas such because the rise of AI, mannequin sizes, utilization, and the intricacies of quantization. 

PwC additionally hosted an exhibit titled ‘Industry Use Cases in Generative AI​’, showcasing how generative AI is being deployed throughout numerous sectors to boost effectivity and productiveness.

The Dubai Assembly for Generative AI brings collectively greater than 1,800 officers, consultants, and decision-makers from all over the world. Organised by the Dubai Future Foundation, the GenAI Assembly takes place on 11-12 October on the Museum of the Future and AREA 2071.

More than 70 keynote audio system are collaborating in round 45 classes and 12 exhibitions. The occasion covers 5 principal themes, together with Generative AI 101, Generative AI Sector Deep Dives, Governments, Regulators and Generative AI, Generative AI and Other Emerging Technologies, and Big Tech vs. Emerging Startups.