Dubai Tech Leader Warns Against Over-Reliance on AI, Advocates for Wider Strategies, United Arab Emirates

A Dubai-based tech venture company leader has warned Middle East startups against relying too heavily on artificial intelligence (AI) and damaging their prospects for sustainable growth. Rashit Makhat, co-founder of Dubai tech venture company Scalo Technologies, cautions that excessive reliance on technology can cause companies to overlook important factors such as market research, customer feedback, and operational efficiency. Makhat believes that startups should focus on adopting wider-ranging strategies and maintaining a human touch in their businesses. While acknowledging the potential of AI for efficiency and innovation, he emphasizes the importance of critical thinking, problem-solving skills, emotional intelligence, and adaptability in startup development. PwC research predicts that AI’s contribution to the Middle East economy will grow between 20-34% annually, reaching $320 billion by 2030. However, Makhat advises startups to balance their focus on cutting-edge technology with tailoring services to regional needs and prioritizing customer experience. He warns against the risks of relying solely on unproven algorithms or poorly understood models that may damage reputation and business viability. In conclusion, Makhat urges Middle East startups to navigate the tech landscape effectively by ensuring stable and sustainable growth through a combination of technology, local relevance, and customer-centric approaches.