The Kingdom of Saudi Arabia’s Vision 2030 plan explicitly spells out the nation’s ambitious attempt to radically overhaul its economy.
With carefully curated programmes and clear-cut themes that are designed to deliver impact against strategic objectives, KSA is intensely working towards becoming an international trade hub connecting three continents: Africa, Asia and Europe.
KSA seems to be shifting from its major dependency on oil revenue to a more diversified economy by maximising its investment capabilities including emerging technologies from around the world through the Public Investment Fund.
According to a global study conducted by PWC in 2017, AI could contribute to US$135 billion (12.4%) to KSA’s GDP by the year 2030 that is the second-highest share in the region after the UAE.
As a part of its Vision 2030 plan, KSA has earmarked billions of dollars in robotics and Artificial Intelligence, making it a pillar of the nation’s economic development strategy. According to a report by McKinsey & Company, routine-task intensive sectors such as manufacturing, transportation and logistics have a technical automation potential greater than 50%. Similarly, 41% of existing work activities in KSA are theoretically automatable today.
In line with KSA’s Vision 2030 plan, the Riyadh edition of World AI & RPA Show organised by ALAGAT in collaboration with international business events and consulting firm, Trescon is taking place on September 16 and 17at the Riyadh Marriott Hotel. The show will demonstrate AI, machine learning, robotics, cybersecurity, analytics and automation solutions from top AI and RPA influencers and leaders to give impetus to the ambitious reform programme.
KSA’s Vision 2030 initiatives in AI and automation
- Improving visa application procedures with the aim of full automation
- Streamline import/export processes through automation, with a 54% reduction in import dwell times at ports
- The US$500 billion mega-intelligent city project ‘NEOM’ will allow for a new way of life built around the best technologies of the future such as AI, Big Data and IoT
With an estimated impact of US$320 billion by AI in the Middle East, the opening day will see focused discussions on AI and Machine Learning with an active participation from experts, KSA’s top government authorities and decision-makers from global enterprises. Experts attending the show include: Dr Esam Alwagait, CEO of National Digitization Unit, Government of KSA; Dr Adnan Mustafa Albar, Vice Chairman of Jeddah Municipality City Council, KSA; Atif Zaidi, Chief Information Officer, NEOM, KSA and Dr Satyam Priyadarshy, Chief Data Scientist, Halliburton, United States among other top speakers.
When asked about the event, VP – Head of Digitalisation and Automation of Bank Aljazira, Faisal Alrashoudi, said: “I believe in the future of AI changing the world. The question is, who is changing AI? It is really important to bring diverse groups of students and future leaders into the development of AI.”
As the RPA market embraces an explosive growth globally, the show will also focus on discussing ground level applications, use-cases and challenges from international subject matter experts and business leaders who are currently assessing RPA in their businesses.
“World AI & RPA Show unequivocally aligns with KSA’s Vision 2030 plan to empower its economy with advanced technologies. Our mission is to provide momentum to the Vision roadmap by attracting start-ups, investors and AI experts from all over the world”, said CEO and Founder of Trescon, Mohammed Saleem.
Conference Partners of World AI & RPA Show include: Platinum Partners: digazu; Master Works and Automation Anywhere; Mozn; Future1Exchange, Gold Partners: Appian Corporation; Darktrace, Bronze Partners: Data Semantics;Exceeders and Qlik; Labiba for Artificial Intelligence LLC