The Kingdom is now moving every muscle to get on top of data-driven decision-making whilst also leveraging data to gain competitive advantage and optimize business processes.
Economic Diversification
Expanding IT sector
5G Deployment
Technological Advancements
Positive Government Policies
AI-friendly Ecosystem
While the nation has acknowledged the pivotal nature of data analytics across sectors, the announcement of $100 billion AI initiative – Project Transcendence marks a significant push by the Kingdom to develop a robust technology ecosystem. Saudi Vision 2030 has not only given new impetus to economic diversification but has also emphasized the significance of data, AI and digital innovations.
Organised by Tradepass, the second edition of Smart Data & AI Summit in Saudi Arabia on 5 – 6 May 2025 will grant a direct access to the country’s massive data-driven market that’s sure to give the global superpowers a run for their money. The summit will host 500+ data and AI professionals including but not limited to CDOs, CIOs, Heads of IT, Data & Business Intelligence, Modelling & Mining, Analytics, Directors of AI, Machine Learning and Robotics.
Aligning with Vision 2030, the Gulf state has been taking active measures to foster technological advancements and open new business avenues away from fossil fuels. In the process, the data-driven sector has emerged as the primary enabler.
While the Kingdom aims to become a top 15 country in AI, it is also witnessing an influx of investments in emerging technologies, escalating demands for skilled data analysts and the adoption of advanced analytical tools. To top it all, the country’s data analytics market is forecasted to show a remarkable growth rate of 30.04% during 2024-2032.
Saudi forecasted AI market by 2030
Projected CAGR for data analytics between 2024 to 2032
Organisations opting for digital business models
Budget for Saudi’s biggest AI initiative - Project Transcendence
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.