The data economy is on track to become one of the largest economic sectors globally, according to a new report published by Dubai Future Foundation (DFF) in collaboration with Dubai Economy. The publication, titled ‘New Data Economy’, maps the future of data in the UAE and worldwide.
The constant and rapid accumulation of data on smart devices has driven the development of several innovative businesses that are enabled by data. This has led to the emergence of the global data economy in which companies and countries are collecting, processing and analyzing data to generate insights but also underpin AI and machine learning algorithms and create new value leveraging advanced technologies.
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