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These sectors are emerging as key drivers of innovation and investment in the Kingdom, with over 43 high-growth startups collectively raising more than 987 USD in funding. This success is a testament to the growing availability of venture capital, a dynamic entrepreneurial ecosystem, and government support for innovation-driven ventures.
The Middle East is rapidly evolving into a global hub for technological innovation, with 2025 set to be a pivotal year in the regions digital landscape. AI and machine learning are poised to drive innovation across multiple sectors, particularly government, healthcare, and finance.
As part of Saudi Arabia’s Vision 2030 plan, this AI project underscores the country’s commitment to economic diversification away from oil, aiming to become a global tech leader within the next decade. This includes initiatives to adopt AI domestically and ultimately position Saudi Arabia as an exporter of AI solutions by 2030.
These new regions are a testament to Oracles confidence in the regions ability to drive innovation, especially as both countries ramp up their efforts to become global leaders in AI and cloud computing. Whats Next?
At the Huawei Cloud Summit Saudi Arabia 2024, held today, Huawei Cloud made a significant announcement, unveiling a series of innovative artificial intelligence (AI) initiatives to accelerate Saudi Arabia’s digital transformation. Huawei Cloud’s AI initiatives are directly aligned with these goals.
Saudi Arabias comprehensive cybersecurity strategy focuses on strengthening its infrastructure, enhancing its resilience against cyber threats, and positioning itself as a global leader in cybersecurity innovation. The Kingdoms Vision 2030 is also a driving force behind its cybersecurity efforts.
AI, once viewed as a novel innovation, is now mainstream, impacting just about facet of the enterprise. Over the next 12 months, IT leaders can look forward to even more innovations, as well as some serious challenges. Agility and innovation are no longer competitive advantages theyre necessities, Barnett states.
AI and Machine Learning will drive innovation across the government, healthcare, and banking/financial services sectors, strongly focusing on generative AI and ethical regulation. These trends underscore the Middle Easts ambition to become a global technology hub through strategic investments, innovation, and partnerships.
Augmenting employees, not replacing them Whether its through cutting costs, innovating new products and services or improving the customer experience, building a competitive advantage is at the core of most technology deployments, and AI is no different. I see this taking shape in 5 key areas. a month for a subscription service.
More than 1,000 participants, including mobile network carriers, ecosystem innovators, and technology leaders, gathered to share insights on how these advances will impact industries and individuals. It is expected to contribute over 930 USD billion to the global economy by 2030,” he said. In the future, AI will change everything.
This policy was defined in line with the key pillars of KSA’s ambitious Vision 2030 The goal is to accelerate the adoption of cloud computing services by mandating governmental and semi-governmental. The importance of education in supporting the success of Saudi Vision 2030 cannot be overstated.
And a new report looking globally estimates that generative AI could add up to $20 trillion to global GDP by 2030 and save 300 billion work hours a year. Innovation Last, once those employees and teams are freed up, you can direct them to focus on innovation. This is the moment to imagine what is next for your organization.
In the early 2000s, Google made headlines for its PhD army – essentially highly skilled experts, ranging from a former rocket science to a former brain surgeon, who were dispersed throughout the business to support its innovation. At the time, they were effectively charged to “boldly go where no one has gone before”.
trillion by 2030, and by singularly responsible for a 26 per cent boost in the GDP of local economies. With so much innovation available through AI, organisations are facing a disrupt or be disrupted scenario. PwC research suggests that AI could contribute as much as $15.7
Here are five specific areas to focus on regarding innovation and thought leadership. Innovation is critical despite economic cycles or company performance Especially in difficult times, the board may look for additional ways to improve profit margins and generally tighten the belt.
Salesforce has announced a $500 million USD investment in Saudi Arabia, signaling its commitment to fostering innovation and economic growth in the region. The investment, unveiled at LEAP 2025, aims to bolster workforce development through AI skilling initiatives and expand Salesforces local partner ecosystem.
But, when it comes to tomorrow’s enterprise and consumer innovations, those networking options have some serious limitations. That is where Innovative Optical and Wireless Network (IOWN) comes in. After all, trends show that power consumption for IT-related demands worldwide could increase five thousand-fold by 2030.
trillion by 2030. Refining the balancing act of innovation and risk. To stay ahead of these trends, CIOs have to first confront and overcome their own set of challenges: steering the business through waves of disruptions while still pursuing innovation. One example is Banking-as-a-Service, with the market expected to reach US$3.6
trillion by 2030. Refining the balancing act of innovation and risk. To stay ahead of these trends, CIOs have to first confront and overcome their own set of challenges: steering the business through waves of disruptions while still pursuing innovation. One example is Banking-as-a-Service, with the market expected to reach US$3.6
The Indian SaaS industry is projected to generate revenue of $50 billion to $70 billion and win 4%-6% of the global SaaS market by 2030, creating as much as $1 trillion in value, according to a report by SaaSBOOMi and McKinsey. The Indian SaaS community has seen a flurry of innovation and success. The rise of Indian SaaS unicorns.
For decades, we’ve been investing in innovation, partnerships, and programs that apply our technology, scale, and talented workforce to drive human progress – all intending to have a measurable influence on some of the complex challenges important to our business, customers, the communities we serve and society at large.
Magna set a target of climate neutrality for its European operations by 2025 and globally by 2030. Moonshot goals such as this one could help push innovation in manufacturing processes and encourage other automakers and suppliers to reach for the same targets.
AI is expected to create $13 trillion of realized value to the world’s economy by 2030, according to a McKinsey study. “In manufacturing, every factory does something different, so the problem becomes how we can help 10,000 manufacturers build 10,000 different models without having to hire a lot of manpower.”. Andrew Ng, founder and CEO.
In Eat Just’s announcement today, chief executive officer Josh Tetrick said, “Singapore has long been a leader in innovation of all kinds, from information technology to biologics to now leading the world in building a healthier, safer food system.”
Japan’s Terra Drone lands $70M Series B funding to accelerate global expansion The move comes in line with Saudi Arabia’s “Vision 2030” plan , which lays out goals to reduce the nation’s dependence on hydrocarbons and promote the use of drones in services.
The flipside is that, without a streamlined digital foundation, innovation will stall, security risks rise and overall business agility will inevitably suffer. And thats not even counting the 32bn IoT devices forecast to be connected by 2030. But now we just dont have that kind of time.
This strategic move not only reinforces Microsoft’s commitment to the region but also aligns with the UAE’s broader vision to foster innovation, talent, and digital transformation across various sectors.
Equinix is committed to achieving carbon neutrality by 2030, currently at 96% coverage of renewables. They will utilize 100% recycled and renewable materials by 2030. This partnership is paving the way for innovation in infrastructure, the cloud market, and digital transformation.
The company saw 900% growth over the past 12 months and will be using the new funding to support that growth and new innovation. Daring’s growth is in line with what is going on in the global plant-based foods market, which is poised to be a $162 billion market by 2030. “I In addition, the company grew to 60 employees.
Saudi Arabias Vision 2030 emphasizes a technology-driven transformation to achieve its social, economic, and environmental goals, focusing on adopting and producing advanced innovations to position itself as a global leader in technological disruption.
Today social networks are more powerful than ever, and startups and corporations are innovating new commerce models that leverage the greater reach available to us. The $2 billion to $3 billion social commerce market in India today is estimated to hit $70 billion in value by 2030, empowering around 40 million small entrepreneurs.
Oracle’s annual flagship event, CloudWorld Tour returned to the UAE for the second consecutive year to share the company’s latest AI innovations to power UAE’s Digital Economy and its plans across the region. Cloud is the platform for innovation and provides a rich source of services for digital reinvention.
These historic transformations will see the convergence of AI, data and platform unification, altogether changing how both cybersecurity defenders and attackers will operate and innovate. However, we can also expect industry incumbents to collaborate with emerging startups, combining extensive datasets with innovative techniques.
By migrating its essential systems to Google Cloud, Almarai now leverages a scalable, flexible, and cost-effective platform designed to accelerate its pace of innovation and enhance resilience in a competitive global market. “At Our partnership with Google Cloud reflects our dedication to innovation and excellence.
It will source 75% of electricity from renewable sources across all Dell Technologies facilities by 2030—and 100% by 2040. Data center of the future: We’re actively working to leverage technology and innovation to design data centers that reduce resource consumption.
Nøie has now raised $12 million in a Series A funding round led by Talis Capital, with participation from Inventure, as well as existing investors including Thomas Ryge Mikkelsen, former CMO of Pandora, and Kristian Schrøder Hart-Hansen, former CEO of LEO Pharma’s Innovation Lab. Nøie is non-prescription.
The importance of education in supporting the success of Saudi Vision 2030 cannot be overstated. The transformation of the economy through discovery and innovation across a multitude of sectors ranging from digital services to life sciences and clean sustainable energy requires a well-educated workforce.
It's expected that innovation shifts away from big companies to startups. The cloud in 2030. One way to tell the story in 2030 looking backwards is that the cloud vendors needed software running on top of it, so they had to provide that themselves first, in order to drive cloud adoption. If I had a Ph.
Automation and advanced computing was changing how we work and undermining livelihoods before COVID-19, but by 2030, technology and automation will negatively affect hundreds of thousands of jobs that exist today. Let’s take stock: The longer the pandemic lasts, the more it could accelerate ongoing trends. of African Americans and 25.1%
The Pan American Health Organization estimates that by 2030, “hunger will affect 67 million people in the region, a figure that does not take into account repercussions of the COVID-19 pandemic.”. One category of innovation that can reduce food waste: tools to help farmers improve field productivity. One major culprit: food waste.
billion USD to the global economy by 2030 and reduce greenhouse gas emissions by 4%. “We According to a report by Boston Consulting Group (BCG), which shows that AI has the potential to help mitigate 5-10% of global greenhouse gas emissions by 2030 — the equivalent of the total annual emissions of the European Union.
Create Focus Areas Around Your Organization’s Sustainability Goals to Drive Breakthrough Innovation In a Stakeholder Economy. Is it the most innovative idea since sliced bread? A good place to start is to frame ESG initiatives around the sustainability goals of the 2030 Agenda, specifically: Think of these as your Focus Areas.
“The barriers confronting organizations in South Africa that want to achieve carbon neutral status by 2030 are significant. Specifically, partners would be required to commit that their data centers achieve zero carbon emissions by 2030, an effort that would require the use of 100% renewable energy.
billion investment to boost the country’s cloud capacity in line with Saudi Vision 2030 To meet the rapidly growing demand for its AI and cloud services, Oracle announced the opening of its second public cloud region in Saudi Arabia. Located in Riyadh, the new cloud region will be part of a planned USD 1.5
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