Ministry Of Finance Organises AI Retreat To Launch New Strategic Plan For Future Readiness

The Ministry of Finance (MoF) recently held a retreat focused on Artificial Intelligence (AI), gathering senior leaders, experts, and strategic partners. The aim was to review AI maturity assessment results and introduce the ministry's new AI strategy. This initiative is part of the ministry's ongoing efforts to enhance digital capabilities and promote innovative solutions for sustainable development in the UAE.

The newly launched AI plan centres on six main areas: Financial Foresight, Smart Operations, Data Governance, Capacity Development, Infrastructure, and Organisational Impact. These pillars are crafted to align with the ministry's priorities, improve operational efficiency, and encourage innovation within government financial processes.

Fatima Yousef Al Naqbi, Acting Assistant Under-Secretary for the Support Services Sector, highlighted that the retreat aimed to integrate AI best practices into creating a more efficient financial system. "AI has become a strategic tool to guide policies and create real added value in financial planning and government management," she stated.

Al Naqbi further explained that the new AI plan offers a clear path to boost digital readiness. It aims to foster a culture of innovation while encouraging collaboration with both public and private sectors. This collaboration seeks to advance the UAE’s leadership in adopting emerging technologies within the financial sector.

The retreat included an in-depth presentation on the ministry’s AI maturity assessment. This covered current capabilities in data readiness, skills, governance, and ethical practices. The event also featured interactive discussions with strategic partners to interpret these findings and align them with long-term goals.

These discussions explored how integrating assessment results with ministry objectives can ensure AI initiatives drive sustainable growth and innovation. The focus was on aligning these initiatives with strategic goals for organisational development.

Commitment to Innovation

This event underscores the Ministry of Finance's dedication to enhancing its institutional and digital capabilities. By promoting modern technologies and offering innovative solutions, the ministry supports sustainable development strategies and good governance across the UAE.

The retreat serves as a platform for sharing insights on how AI can be leveraged effectively within government operations. It highlights the importance of continuous improvement in digital readiness and innovation culture.

With inputs from WAM