TECHNOLOGY | DIGITAL ECOSYSTEMS
FROM DIGITISING SYSTEMS TO THINKING AND EXECUTING DIGITALLY , THE UAE HAS IT ALL
Rohit Chauhan Executive Vice President , Artificial Intelligence , Mastercard
It ’ s fair to say that Mastercard may not be the first name that springs to mind when thinking about AI and cyber – Microsoft , for one , seems to have more skin in the game . So why is it important for Mastercard to be securing the digital ecosystem ?
“ Given the scale of financial crime and the opportunity for innovation , collaboration between the public and private sectors is critical . We have a shared interest in securing the ecosystem and developing talent in the region ,” says Chauhan .
“ At Mastercard , we provide governments with comprehensive consultancy services , digital infrastructure , cybersecurity , data protection , analytics and research that improve multiple touchpoints across the entire governance ecosystem . We also help digitise public services while facilitating programs to develop cyber resilience among citizens and assisting small businesses in going digital .”
Talking of talent , that is a hot topic for business leaders globally , especially when it comes to technology . And that ’ s where academia joins the public and private sectors to collaborate on delivering an ecosystem for the ecosystem .
Talent – ecosystem for the ecosystem The Rochester Institute of Technology ( RIT ) in Dubai is working with Mastercard to deliver the next generation who will not only fill the jobs of the future but also help shape the future direction of the technology itself .
“ Collaboration between educational institutions and businesses allows the diversification of the economy and assuring supple communities who can embrace new trends as they emerge ,” Dr Yousef Al Assaf , President , RIT Dubai , tells Business Chief .
“ We pride ourselves on having more than 30 governmental and private partners who we closely work with to define skill sets required in employees now and in the future .
“ The importance of creating public and private partnerships is more and more realised and celebrated in the Middle East but still more adoption is needed .”
Partnerships of all forms are clearly essential for digital ecosystems to succeed , and the partnership between Mastercard , RIT and the UAE Government is a prime example . The emergence of generative AI and its seemingly endless possibilities only adds to the importance .
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104 November 2023