A PwC Middle East report highlights the crucial role of emerging digital technologies, like Generative AI, in achieving transformative growth in Saudi Arabia. Organizations face challenges such as resource availability and resistance to change. Investing in robust digital infrastructure and promoting innovation are recommended for sustainable success.
Beyon Solutions acquired Link Development, expanding its digital transformation services. This move enhances Beyon’s offerings and reach, creating a major regional hub. The acquisition, pending regulatory approval, is the eighth exit for investment firm A15.
IBM is releasing its AI models as open-source software and helping Saudi Arabia train an Arabic AI system. The Granite models, designed for faster code completion, are customizable, and IBM’s Watsonx tool ensures smooth operation in data centers.
Informatica’s summit in Saudi Arabia highlights the kingdom’s drive towards a cloud-first, data-driven future. Featuring industry leaders like Accenture and Google, the event discusses AI-enabled data management and cloud computing, supporting Saudi Vision 2030.
Aveva has opened a new office in Dhahran, Saudi Arabia, to enhance local service and support digital transformation in line with Vision 2030. The office will provide sales, services, project management, and technical support, and aims to leverage AI, ML, and Data Management to promote industrial sustainability.
Lenovo and Alat have partnered to establish a regional MEA headquarters and a PC and server manufacturing facility in Saudi Arabia. This strategic collaboration includes a $2 billion convertible bond issuance, enhancing Lenovo’s global presence and supporting the MEA region’s IT growth. Alat aims to create a sustainable technology manufacturing hub in Saudi Arabia.
EarthCam and WakeCap are collaborating to integrate visual data and connected worker solutions on construction sites in Saudi Arabia. This partnership, supported by Monsha’at, aims to enhance safety, efficiency, and real-time insights for construction project management, leveraging EarthCam’s visual technology and WakeCap’s telematics to improve operations and risk mitigation.
Smart home devices are booming in Saudi Arabia and the UAE, with six million devices integrated into Alexa users’ lives. In 2023, users initiated 130 million smart home actions and 100 million music requests. The region saw a 50% YoY increase in smart home customers and a 90% increase in connected devices.
Mikenopa expands into Saudi Arabia, partnering with AstroLabs to provide advanced digital solutions for the hospitality sector. This move aims to enhance guest experiences and support Saudi Arabia’s Vision 2030, positioning the country as a leading destination for tourism and investment.
Aramco and Pasqal have signed an agreement to install Saudi Arabia’s first quantum computer, a 200-qubit system scheduled for deployment in 2025. This partnership aims to pioneer quantum computing in the energy sector and establish Saudi Arabia as a leader in quantum research and innovation.
