ISLAMABAD: President Dr. Arif Alvi on Tuesday said a combination of governance and innovative technology could lead Pakistan towards rapid development in key sectors including health, agriculture, and industry.
Addressing at the launch of two-day ‘1st showcasing of Artificial Intelligence and Internet of Things (IoT) Products & Services’ here at COMSTECH, the President said the country could become a major global player in technology by aligning expertise with future demands.
The national exhibit organized by COMSTECH, the Ministerial Standing Committee on Scientific and Technological Cooperation of Organization of Islamic Cooperation (OIC) showcased services and products in areas including Artificial Intelligence, Virtual Assistants, Robots and Chatbots, Data Analytics, Cyber Security, Digital Transformation – 5G, Virtual Augmented Reality, Blockchain, and Business Intelligence.
President Alvi, also the chairman of COMSTECH, termed data as the ‘new gold of contemporary age’, which he said could be used to gain maximum benefit to boost the economy and enhance exports. He mentioned that China and Japan were prominent examples of making strides in development by combining systems of governance with technology.
The President said Pakistan was working towards the implementation of a digital payment system for smooth and fast financial transactions. He termed three stages important in making a difference in the field of Artificial Intelligence, including concept and innovation, translating it into the product, and effective marketing.
He emphasized on developing human resources that could contribute to software making and thus excel in digital technology. President Alvi said the COMSTECH could play an effective role in the promotion of science and technology in Islamic countries and expressed confidence that the exhibit would provide academics and industries a platform to jointly pave the way towards the journey of technological development.