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 its second edition of Smart Data & AI Summit to Saudi Arabia on 5 – 6 May 2025 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.
Riyadh to host World Expo 2030
Saudi’s data analytics market by 2030
AI is projected to add to Saudi’s economy in 2030
Organisations opting for digital business models
Projected CAGR for data analytics between 2022 to 2030
Projected contribution by AI to Saudi’s GDP in 2030
Presenting the top inspiring names from the industry at the main stage to share crucial intelligence on the most pressing topics, which gets further enriched by a Q&A session.
It showcases thought leadership and cutting-edge knowledge for the growth of the entire business community. A perfect platform that projects the pulse of the industry.
Enabling the organisations to showcase their best to the many pre-qualified delegates at the event in real-time. The provision of using technology just adds on to the whole demonstration and helps in driving more leads from the top companies across the industry.
It’s specifically tailored for the organizations to get in the eyes of the region’s biggest stakeholders and uplift their overall brand image.