Published on June 11, 2024, 2:19 am

Saudi Arabia is making significant strides in digital transformation through a collaborative effort between the government and private sectors, spurred by Vision 2030. The country is venturing into ambitious projects geared towards a technology-driven future. With a focus on innovation and technology, collaborative initiatives are set in motion to achieve these goals.

According to the International Data Corporation (IDC), ICT spending in Saudi Arabia is projected to exceed $36.6 billion by 2024. Leading organizations are already delving into generative AI (GenAI) applications in preparation for an ‘AI everywhere’ era. Jyoti Lalchandani, IDC’s regional managing director for the Middle East, Türkiye, Africa, and India, notes that tech leaders are reevaluating AI’s pivotal role in digitalization with AI’s potential to enhance innovation, customer experience, efficiency, and sustainability.

As AI permeates various aspects of society, IT leaders are adapting to multifaceted roles with increased responsibilities. The upcoming IDC Saudi Arabia CIO Summit 2024 will be held at the Fairmont Riyadh on September 18–19 under the theme “The Future of IT: Rethinking Digitalization for an AI Everywhere World.” This summit aims to empower IT leaders in navigating the evolving landscape infused with AI technologies.

Hamza Naqshbandi, IDC’s country lead for Saudi Arabia and Bahrain emphasizes the importance of organizations embracing data-centric platforms, cloud infrastructure migration, security optimization, and investing in skills as AI integration becomes more prevalent.

Moreover, the summit will feature the inaugural CIO50 Awards for Saudi Arabia recognizing the top 50 CIOs and senior technology executives for their contributions towards innovation and driving change within their organizations. These awards serve as a mark of excellence within the enterprise sector acknowledging visionary technology executives shaping Saudi Arabia’s technological landscape.

Opportunities for nominations for these prestigious awards can be accessed online. Andrea Benito serves as editor at CIO Middle East.


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