Turkey is becoming a major player in Artificial Intelligence and Machine Learning solutions. In recent years, Turkey has adopted AI-based solutions across various industries. This has helped lots of businesses and also improved the country’s technological developments.
This is also leading to becoming a significant player in the European market. From leading software development to AI-based solutions, Turkey is emerging as a major hub for AI technology companies and innovation which are coupled with government support, a digital economy, and also highly-skilled talent.
Government Initiative and Strategic Moves
The government of Turkey is massively investing in various aspects of AI and ML. They also prioritized the need for a policy on AI which will help to set up new AI technology companies in Turkey. This is helping Turkey to become a major player in the field of AI.
To lay out rules and regulations for businesses and companies, they released the National Artificial Intelligence Strategy in 2021 from the year 2021-2025. This was a major milestone for the government and people of Turkey. The vision document comes with 24 objectives and 119 measures that were mentioned.
It includes that Turkey should enter the top 20 countries in the AI Global Index. The vision is “creating value on a global scale with an agile and sustainable AI ecosystem for a prosperous Turkiye.”
It also lists training of AI experts and boosting employment in this new domain. It pledges to support research and development along with innovation. The government also wants to strengthen relationships with other countries and a lot more.
Emergence of AI Solutions Demand Across Industries
AI solutions in Turkey are rapidly growing in various sectors such as finance, healthcare, education, space, and much more. Due to this revolution, many companies are looking for AI software development in Turkey alone to enhance processes, increase customer experiences, and boost productivity. Some of the industries are as follows:-
1. Healthcare- AI software is helping doctors and nurses to identify and increase the accuracy of diagnosis. This helps them to store massive amounts of data and verify it without any human touch or even error. For example, firms like Tubitak are in the process of developing AI apps to help them with personalized health and medicine monitoring.
2. Finance- Various financial institutions such as banks and other lending institutions are using AI for the detection of fraud, negligence, and enhanced customer experiences. Isbank and Garanti BBVA are such banks that are using AI solutions to provide the best service to their customers through AI.
3. Retail- In the Retail sector, AI tech is leading the way whether in e-commerce or in retail brands. They are upgrading their infrastructure to personalize customer journeys and run very specialized targeted campaigns. One such company is Trendyol which is Turkey’s largest e-commerce firm. This firm uses AI at each level to predict customer emotions and behaviour. This helps them to show recommendations on their behaviours.
Therefore, it is very clear that AI-based solutions in Turkey around multiple sectors and industries. Due to this, there is increasing demand for highly trained AI-skilled talent. To know more about these AI-based solutions, let’s connect on our website Shiv Technolabs.
# AI Talent and Startup Ecosystem
Turkey is blessed with a young and tech-enthusiastic youth due to which they have a strong connection to science, AI, technology, and space. With over 200 universities and multiple technical institutes that are primarily focused on computer science and engineering. Almost close to 45,000 students become IT graduates annually. This is the major benefit that Turkey has over other countries.
Recently, Turkey has witnessed massive growth in startups with many providing AI development services in Turkey alone. This has also promoted the government to provide support in various initiatives. Various companies like Vispera, a computer vision company and FalconAI which is in deep learning algorithms. They are on the verge of developing new AI solutions and building world-class companies.
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# Foreign Investments and Deals
Major international investments and deals in Turkey with Microsoft, Google, and IBM have boosted Turkey’s confidence in AI. As these companies have established data and research centers along with the local Turkish companies. The coming of new funds and also technology transfers from these tech giants to local companies. This has certainly given a major boost in providing artificial development solutions to Turkey.
# Economic Potential and Future Prospect
The AI potential is still to be tapped by Turkey as the report by McKinsey, AI could massively increase Turkey’s economy by $200 billion by 2030. This will see major developments in the fields of retail, manufacturing, defense, heavy industries, automobile, entertainment, media, and a lot more. In the future, multiple AI development services in Turkey will be integrated.
They also have traditional IT services thus making them modern in each and every aspect. This will provide a new and invigorating boost to Turkey’s various industries. And finally, it will turn Turkey into a major hub for AI services worldwide. As you can see, the economic potential is huge and still unexplored. Therefore, let’s turn this opportunity into a goldmine before anyone else. Contact us to get the latest AI- based solutions tailored to your preferences.
Conclusion
Turkey is on the path to becoming a major player in the whole world in AI. It is supported by its government, coupled with its highly-skilled youth, government strategies, foreign investments, and deals.
As AI is also constantly evolving, their focus is to build world-class AI technologies along with billion-dollar AI startups. This is shifting the major focus on AI development companies that provide AI-based solutions to businesses. Companies such as Shiv Technolabs are well in a position to provide AI solutions to various businesses and companies. This will ultimately help them adopt and integrate AI services into their businesses.
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