Capitalizing on Artificial Intelligence Opportunities

Artificial intelligence (AI) has become a hot topic for countries worldwide, and both public- and private-sector organizations have already started leveraging it as a response to continuous digital disruption. According to IDC's 2022 Artificial Intelligence Spending Guide, global AI spending reached $88.6 billion in 2021, and it is forecast to grow at a compound annual growth rate (CAGR) of 25.6% over the 2021–2025 period. Canada, China, and the United States are among the countries in which many organizations began their AI journeys early, supported by government initiatives. Saudi Arabia is no different in terms of its commitment to becoming an AI powerhouse. As an extension of the country's Vision 2030, the Saudi Data and AI Authority (SDAIA) was established in 2019, followed by the release of the National Strategy for Data and AI in 2020.