AI FOR SPEND MANAGEMENT
Dubai, as a leading global city, recognises the importance of maintaining stringent financial controls to support its ambitious development goals.
Dubai’s Department of Finance launched the SFP program to develop the Public Financial Management system by transitioning to a Performance-Based Budgeting System (PBBS). This initiative aims to enhance fiscal planning and budgeting processes, ensuring fiscal sustainability and efficient resource management.
The UAE has implemented automated systems to enhance the budgeting process, ensuring transparency and efficiency. These systems help identify main and complementary services for each government entity and compare similar activities across various authorities.
To maintain its global leadership, Dubai must continue to adopt advanced technologies like AI while addressing challenges such as integration and data privacy. Intensified efforts in technology adoption and personnel upskilling are crucial for optimising financial management and sustaining long-term growth.
From pilots to deployment : a practical look at where AI is creating value today, and where it's heading next.