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Saudi Arabia Big Data and Artificial Intelligence Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)

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New York, Aug. 18, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Saudi Arabia Big Data and Artificial Intelligence Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06129766/?utm_source=GNW
Moreover, the restrictions imposed due to the pandemic have led to innovations like the Tawakkalna app, designed to support government efforts to counter COVID-19. It facilitates the issuance of movement permits electronically during curfews for government and private sector employees. The development of such apps enabled significant data collection mechanisms to be put in place, which later, with the help of machine learning and big data analysis, was analyzed to improve the convenience of citizens.

– Saudi Arabia is creating an AI-friendly ecosystem that includes high-speed broadband and 5G deployment, data access, and security. In order to catalyze innovative solutions, it is also supporting early adoption of AI and Big data concepts and solutions through many smart city programs such as NEOM.
– The AI Policy is a part of Saudi Arabia’s Vision 2030 Policy, under which the country plans to develop sustainable cities and to ensure the most efficient use of resources in urban planning, infrastructure, and key economic sectors. Further, Saudi Arabia Government aimed to improve government efficiency and automation through AI.
– Saudi Arabia’s Vision 2030 sets specific targets for transforming KSA (Kingdom of Saudi Arabia) cities into smart cities through utilizing municipal data as a national asset to achieve Vision 2030 objectives. For Instance, In November 2020, it launched a multibillion-dollar strategy to become the global leader in artificial intelligence as the Kingdom aspires to diversify its oil-based economy.
– Further, in October 2020, The Saudi Data and Artificial Intelligence Authority (SDAIA) and the UN’s International Telecommunication Union (ITU) signed an agreement to support global AI cooperation. Saudi Arabia will assist the International Telecommunication Union (ITU) in developing projects, activities, and initiatives aimed at facilitating greater multi-stakeholder participation, international cooperation, and knowledge sharing in order to accelerate progress toward the United Nations Sustainable Development Goals (SDGs).

Key Market Trends

Software Segment is Expected to Witness Significant Growth

– Saudi Arabia is partnering with leading technology multinationals such as GE, SAP, and Google to develop enhanced capacities. Further, Google aimed to develop five innovation hubs around the country, to train programming skills for advanced software and AI.
– As the infrastructure market in Saudi Arabia looms with the launch of mega-smart city NEOM, it will present huge opportunities to AI-related software vendors. The IT integration, data handling and processing, connectivity, and other hosts of services to be met by data and IT integration will be handled by such software.
– The construction projects will be a major driver in the implication of AI software in Saudi Arabia, and there are numerous startups in KSA providing their software and apps, especially for Real Estate and Construction sector.
– The oil and gas industry of Saudi Arabia is also one of the prominent users of AI-based systems and software. Companies such as Exxon Mobil, Total, and Shell that operate in Saudi Arabia already use AI as a part of their operations for better productivity, transparency, and real-time data availability. The companies are continuously trying to digitalize their operations and mining with the help of AI.

Public and Government Institutions Expected to Witness Significant Growth

– Saudi Arabia is expected to be one of the leading countries in the Middle Eastern region in the artificial intelligence and big data market, owing to increasing government investments into new technologies. AI is, therefore, playing a vital role in the future of the country’s automation sector. As per the European Centre for Digital Competitiveness’ Digital Riser 2020 report, Saudi Arabia was regarded as the top digital riser among G20 countries.
– The country exhibits readiness toward adopting AI, and the introduction of the Saudi Vision 2030 plan was regarded as a significant progression on the value of data as a public asset. Around 70% of 96 strategic goals under Vision 2030 are related to data and AI.
– The growing investment toward smart cities in Saudi Arabia results in massively increasing adoption of AI solutions along with 5G and software, such as predictive analytics. In 2021, Saudi Arabian Crown Prince Mohammed bin Salman announced plans to build The Line, a 105-mile-long belt of hyper-connected communities in the kingdom’s northeast that will feature no cars, no streets, and carbon emissions but will have smart infrastructure costing up to USD 200 billion.
– Moreover, the government is currently undertaking significant educational reforms to ensure students acquire the digital knowledge for upcoming jobs in AI and other technologies, such as the blockchain and Internet of Things (IoT). The government is working along with the Ministry of Education to ensure that school and university curricula satisfy future needs in AI, data science, and data security.

Competitive Landscape

Saudi Arabia Big Data and Artificial Intelligence Market is moderately competitive, with a considerable number of regional players. The companies are leveraging strategic collaborative initiatives, acquisitions to increase market share and profitability.

– June 2021 – SAP SE launched new software offerings to enhance business processes, leveraging the cloud, data, and artificial intelligence. Deloitte, AWS, and SAP launched an e-commerce program for Saudi Arabia, which also covers several tech-driven topics such as artificial intelligence, machine learning, and data analytics.
– May 2021 – IQVIA partnered with Saudi Data and Artificial Intelligence Authority (SDAIA) to collaborate on joint ideas and research in data and artificial intelligence, build a center for innovation and knowledge and develop related training programs in the region. They signed a memorandum of understanding (MoU) with the government agency to explore innovation opportunities in the field of health data in the Kingdom of Saudi Arabia (KSA).
– April 2021 – Microsoft Corp. acquired Nuance Communications Inc., a speech technology company, for USD 19.7 billion in cash, putting a significant investment in artificial intelligence for health care..

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– 3 months of analyst support
Read the full report: https://www.reportlinker.com/p06129766/?utm_source=GNW

About Reportlinker
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Artificial Intelligence

CGTN: 3rd CMG Forum in Beijing discusses AI development

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BEIJING, May 1, 2024 /PRNewswire/ — Focusing on the development of AI, the third CMG Forum was held on Monday in Beijing.

Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and the head of the Publicity Department of the CPC Central Committee, attended the opening of the event and delivered a speech.
Guests at the forum stressed the role of media in promoting the innovative application of AI as well as its governance.
Efforts should also be made to boost the development of AI in creating positive, healthy, diverse and high-quality content, so that AI can become a force for good and benefit mankind, they agreed.
They also called on media to accelerate intelligent transformation and help bridge international exchanges and cooperation on the governance of AI to facilitate its healthy, orderly and safe development.
Hosted by China Media Group (CMG), the forum attracted more than 200 participants from international organizations, media, think tanks and multinational companies.
“Innovation and breakthroughs in science and technology not only guide the development and progress of human civilization, but also bring uncertainty to the changing world,” said Shen Haixiong, vice minister of the Publicity Department of the CPC Central Committee and president of CMG. He called for efforts to jointly create valuable and responsible artificial intelligence.
AI technology is affecting every aspect of our lives. Thomas Bach, president of the International Olympic Committee (IOC), stated in a video speech that CMG has always been a partner of the IOC, bringing the charm of the Olympic Games to hundreds of millions of Chinese viewers. He said the IOC invites CMG to work together for the creation of a future with the application of AI in Olympic sports.
“From ancient inventions such as silk, printing and the compass to modern technological advances such as robotics, telecommunications and green technology, China has always been committed to innovation and creation,” said Daren Tang, director general of the World Intellectual Property Organization (WIPO). He said WIPO pays close attention to ensuring a balance between the opportunities and risks of artificial intelligence and is committed to strengthening cooperation to ensure that artificial intelligence is properly used.
https://news.cgtn.com/news/2024-04-30/3rd-CMG-Forum-in-Beijing-discusses-AI-development-1tdDcXvCexG/p.html

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Artificial Intelligence

Trianz Appoints Sridhar Kannan as Practice Leader – Digital, Elevating its Leadership in the Global Digital Transformation Space

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SANTA CLARA, Calif., May 1, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Sridhar Kannan as Practice Leader – Digital. With over 25 years of extensive experience in technology and business leadership, Sridhar joins Trianz to lead the expansion of Trianz’s Digital Practice, forging strategic alliances and expanding the business footprint.

Sridhar’s appointment comes at a transformative phase for Trianz as it solidifies its commitment to redefining the digital landscape with an “IP Led” model. This strategic shift is powered by Trianz’s cutting-edge hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace. Sridhar’s visionary leadership in technology-led business transformations across diverse sectors will be instrumental in leveraging IP-led models and innovative methodologies to position Trianz at the forefront of digital transformation.
“We are thrilled to welcome Sridhar Kannan to the Trianz family,” said Seshi Vanguru, Chief Revenue Officer at Trianz. “His appointment marks a significant stride in Trianz’s journey toward innovation and excellence. Sridhar’s wealth of experience and exceptional leadership skills will elevate our Digital Practice to new heights, reaffirming our commitment to delivering exceptional value to our clients.”
Sridhar is recognized as a client-focused technology and business transformation executive with a remarkable track record of helping Banking and Financial Services organizations in business transformation and product innovation using applications, cloud, data, and digital solutions. His extensive prior experience at industry giants such as Wipro, Cognizant, and Infosys include successfully leading Fortune 10 global client relationships and implementing transformative solutions across Banking, Financial Services, and Healthcare industries. Sridhar is highly regarded for his ability to lead global cross-functional teams, foster collaboration, and achieve aggressive business goals while consistently delivering high levels of client satisfaction.
“I am deeply honored to join Trianz and contribute to its mission of shaping the future through digital transformation,” said Sridhar. “Together, we will push the boundaries of what’s possible and drive meaningful impact for our clients in this rapidly evolving digital landscape.”
Based out of Minnesota, US, Sridhar has steered numerous clients towards success through the strategic application of Digital, Cloud, Product Engineering, Data, AI, and Application services, making him a seasoned strategist in today’s dynamic digital landscape. His appointment marks a significant milestone in Trianz’s journey to nurturing talent and delivering world-class solutions.
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our “IP Led Transformations” approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media Team : [email protected]+1-408-387-5800
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2024 World Digital Health Forum: AI at the Forefront of Healthcare Innovation

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BEIJING, May 1, 2024 /PRNewswire/ — Hosted by Tsinghua University and its partners, the 2024 World Digital Health Forum emerged as a cornerstone of the ZGC Forum’s AI Theme Day. Held in Beijing’s tech-centric Haidian District, this event attracted over 700,000 online attendees from around the globe. The forum was a collaboration with the Haidian District People’s Government, the Chinese Institute of Electronics, Tsinghua University School of Clinical Medicine, and the China Association for the Promotion of Science and Technology Industrialization, highlighting pioneering innovations and fostering global partnerships to enhance patient well-being.

The Forum showcased an impressive lineup of speakers, each contributing unique insights into the evolving digital health landscape. Notable among them were Dong Jiahong, President of the Academic Committee at Tsinghua University School of Clinical Medicine, and Andrew Chi-Chih Yao, Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University and the recipient of the 2000 Turing Award. Speeches from Mustafa Shehu, President of the World Federation of Engineering Organizations, and Martin Taylor, WHO Representative in China, enriched the overall perspectives presented at the Forum. Attended by 19 academicians and 70 deans, the event spurred extensive discussions on the future of healthcare in an era increasingly shaped by AI.
A highlight of the Forum was the release of the “Tsinghua Urban Health Index,” which provides a comprehensive assessment of health services across 296 Chinese cities, establishing a new benchmark in health metrics to aid governmental and regional health planning. In addition, the “World Digital Health Forum Declaration” was ratified, laying down a robust framework for universal access to healthcare, and underscoring the importance of collaboration, ethical standards, and innovation-driven changes in global healthcare practices.
The Principal’s Dialogue, a pivotal segment of the Forum, brought together leaders from premier universities to discuss advancing new productive forces and constructing a robust medical talent-cultivating system. During this session, Tsinghua University highlighted its plans to develop an integrated education system connecting hospitals, medical schools, and research institutions. This approach aims to nurture students who are not only skilled in interdisciplinary collaboration but also deeply grounded in humanistic values. The dialogue explored the transformative impact of AI and digital technologies in enhancing diagnostic accuracy and treatment efficacy. They particularly noted the potential for these technologies to enable real-time, remote medical guidance in regions with limited medical resources, enhancing a balanced healthcare delivery nationwide. Additionally, panelists stressed the importance of maintaining an ethical and patient-centric approach in developing and adopting digital health technologies. They advocated for dynamic systems that can adapt to the evolving needs of patients throughout their lifetimes.
The 2024 World Digital Health Forum facilitated high-level discussions and catalyzed future innovations in the digital health sphere. It aims to advance the digital health industry, integrate digital technologies with health and life sciences, and foster new developments in health careers. In doing so, it seeks to enhance global health outcomes and contribute to the collective well-being of communities globally.
Media Enquiries: 
Global Communication Office, [email protected]
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