Dubai has been at the forefront of adopting artificial intelligence (AI) and Machine Learning (ML) in order to transform its economy and improve the lives of its citizens. The 2031 strategy aims at positioning the UAE as a global leader in artificial intelligence and developing an integrated system that employs AI in vital areas within the UAE.Which will enhance the UAE's reputation in this field by attracting innovative AI companies.
Understanding Machine Learning (ML) and Artificial Intelligence (AI)
To help us understand Machine learning (ML) and Artificial Intelligence (AI) we need to understand what it is. In simplest terms AI is Artificial Intelligence is a branch of computer science that focuses on creating machines that are able to think, learn, and act like humans.
Machine learning is the process of using algorithms to analyze data, identify patterns, and make predictions or decisions without being explicitly programmed to do so. When used together Artificial Intelligence (AI) and Machine Learning (ML) work together to enable machines to learn from data and develop insights to make decisions, predictions, and recommendations. Combining AI and ML can allow machines to analyze large amounts of data quickly, accurately, and autonomously, enabling them to provide solutions for complex problems and automate complex processes. Sounds great but what can it do for you and how can we truly benefit from it?
Movers and Shakers changing the landscape of Investment
With so many use cases out there it's hard to pick. Let's take what is of interest to most people and how you can apply it to everyday life. Artificial intelligence (AI) is rapidly transforming the business process of the asset management landscape. One key player who has shifted their headquarters from Switzerland to Dubai is Creed&Bear. Incorporation of their Intellectual property software utilizing AI and ML allows them to collocate vast amounts of data both historical data and unstructured data. Being able to pull from these data sets in real time is something the asset management sector has never seen before. Creed&Bear has many offerings that they include in their services Access to Growth and Innovation, Portfolio Diversification just to name a few. Creed&Bears ever adjusting algorithm allows for predictions with high accuracy.
New Insights through Data Analysis
In a recent Fireside Chat Interview with Mr. Andrea Nardon who is the CIO Creed&Bear he said "transparency is very important, try not to build a complex system, it should be driven by risk in the system." Andrea has over two decades of Quant Portfolio Management he's studied the markets extensively and has ushered in a new era of ML and AI first in the financial centers of Europe and now he has set his sights on Dubai and the MENA region. He believes working from Open source software as the base. Open source software is code that is designed to be publicly accessible-anyone can see, modify, and distribute the code as they see fit. Open source software is developed in a decentralized and collaborative way, relying on peer review and community production.
Pathways towards solutions
Much like open source technology we can also turn to blockchain technology and digital assets. Even in a stressful 24/7 market Creed&Bear is leading the innovation when it comes to analyzing the structured and untrusted data in real time. Advising their clients on sound business investments in the ever shifting Crypto market C&B has created a deeply researched algorithm based on many models and uses the Decision Tree Method which has been pioneered my Mr. Andrea Nardon to find out about this broad and exciting topic during a conference about Practical aspects of portfolio construction and risk management using machine learning. The core belief in C&B algorithm creation is "Never trust one model, try out multiple models in parallel, diversify modeling to get better results."
Conclusion
The possibilities for AI in Dubai are virtually endless and it is helping to transform the city into a global hub for innovation and progress. Creed&Bear is committed to Duabi being the smart city of the future 2028. Creed&Bear brings with it a deep understanding of machine learning and AI capabilities that's why it has chosen to align itself with Dubai. The possibilities are endless when it comes to technology innovation. The rulers of Dubai see that and welcome companies like Creed&Bear to help build a better future.
To know more about Creed&Bear, follow the company on Twitter and LinkedIn, as well as on their website https://creedandbear.com/
