The Kingdom’s motivated drive towards harnessing next-gen technologies is a sure testament to the nation’s inexorable commitment to embracing the future. While 52% of organisations in the country are switching from traditional business models to agile digital ones, its Ministry of Economy & Planning has signed a MoU with the Saudi Data & AI Authority (SDAIA) to incorporate data analytics & AI for enhanced business efficiency and economic growth.
At a time when Saudi Vision 2030 is gradually taking the focus away from hydrocarbons and preparing the nation for Industry 4.0, the above move is darting towards revolutionizing industries, empowering populace, and diversifying the economy. Given the current situation, it’s forecasted that Saudi’s data analytics market will reach $8,845.1 million by 2030 and on the other hand AI is projected to add more than $135.2 billion to the economy in 2030.
With the objective of leveraging data as a strategic asset, the idea is to make the Kingdom the biggest beneficiary of data-driven technologies in the Middle East.
Paying heed to the above, Tradepass is bringing Smart Data & AI Summit to Saudi Arabia on 27 – 28 May 2024 in JW Marriott Riyadh. The summit will attract 300+ Big Data Analytics & AI professionals including but not limited to CDOs, CIOs, Heads of IT, Data & Business Intelligence, Modelling & Mining, Analytics, Directors of AI, Machine Learning, Robotics, and a lot more.
