Lahore: A seminar focusing on Artificial Intelligence (AI) was organized by the Lahore Chamber of Commerce and Industry (LCCI) to underscore its critical role in advancing trade and industry. LCCI President Mian Abuzar Shad, along with Senior Vice President Engineer Khalid Usman, presided over the event, with speakers including Mudassar Naeem, Imad Malik, and Usman Riaz contributing to the discussions. The seminar was made successful through the efforts of Muhammad Anees and Mian Asif Khalil.
According to the Lahore Chamber of Commerce and Industry, President Mian Abuzar Shad highlighted AI's significant impact on global industries, describing it as a transformative force. He emphasized that integrating AI into business operations is essential for survival in today's data-centric global economy. Shad reiterated LCCI's commitment to raising awareness among local entrepreneurs about emerging technologies, which have the potential to revolutionize traditional business models, enhance operational efficiency, and create new economic opportunities.
Senior Vice President Engineer Khalid Usman discussed AI's applications in simplifying complex business processes, reducing costs, and increasing productivity. He provided examples of successful AI integration in optimizing supply chains, enhancing customer service, and automating manufacturing. Usman expressed LCCI's dedication to supporting initiatives that help local businesses harness AI's potential to maintain a competitive edge internationally.
Speakers Mudassar Naeem, Imad Malik, and Usman Riaz shared insights on AI's applications, focusing on machine learning, predictive analytics, and robotics. They discussed AI's capacity to drive efficiency and innovation by enabling businesses to make informed decisions, automate tasks, and predict market trends. Naeem noted that AI-driven insights could help businesses personalize customer experiences and improve quality control, while Malik and Riaz emphasized the potential for AI to foster innovation and create new business opportunities.
LCCI office-bearers stressed that the seminar represented a forward-thinking approach to propelling Pakistan's industry into the digital era. They highlighted the importance of prioritizing AI awareness and digitalization to keep local industries competitive globally. Collaborative efforts between government bodies, tech companies, and industry were deemed essential to foster an AI-friendly ecosystem in Pakistan.
They concluded that digital transformation, spearheaded by technologies like AI, will be vital for Pakistan's economic resilience and growth. LCCI plans to continue organizing seminars and training programs to bridge the gap between technology and traditional business practices, ensuring Pakistan's industry remains agile and prepared for the future.