How Digital Technology is Changing the Economy of Saudi Arabia Today

The governance of the Kingdom of Saudi Arabia has developed in response to rapid global technological advancements as well as government and institutional changes. It has developed a five-year strategy to accomplish quality and efficiency by replacing conventional procedures with electronic versions. Its goal is to electronically reinvent the government in order to make services more accessible

 However, statistics do not tell the complete story. They also fail to represent the industry's flexibility, as well as the quick changes in society and economic structure which are tied to the way technologies are employed. Saudi Vision 2030 has outlined a large digital revolution goal that would necessitate both innovation and investment.

How to apply Digital Transformation

Following are some digital transformation applications: 

Changes to the supply chain

We can assist improve supply chains quicker and much more adaptable by rethinking them, and we can reduce potential consequences. Beneficial adjustments in supply chain management are achievable.

Transformation of the customer experience

We design touchscreen consumer experience and digital engagement programmes for our clients. Because of the developed digital presence, it allows our customers to stand out from competitors and continue to be strong during moments of emergency.

Transformation of the healthcare system

We enable health organizations in developing new methods for providing healthcare services online, which is incredibly useful in periods of social isolation and also for individuals in remote or rural areas.

Creating new avenues for connecting

Megaprojects and smart city hubs are paving the way for the expansion of ICT services. Desire for better and quicker connectivity is increasing as a result of IoT, sensors, digitizing, applications, and cybersecurity requirements.

The corporation is currently investing in next-generation networking, expanding on its centuries of investments in fixed infrastructure. Moving to a packet-based design lowers operational expenses while also increasing speed and durability. stc is also moving ahead in 5G uptake in Saudi Arabia, developing and testing use cases with foreign partners and deploying 5G capability in big cities.

Saudi Arabia was the very first nation in the MENA area to implement 5G, and it actually ranked 4th in terms of 5G coverage, with 6,500 antennas installed so far, including 541 in Mecca and the Neom Airfield.

E-Commerce

In 2018, the e-commerce sector was predicted to be worth $7.6 billion (up from $6.7 billion in 2017). According to latest projections, almost over half of the world population shops online, compared to just 37percentage points in 2016.

The rise of e-commerce is among the nation's big development objectives, and the Saudi Arabian government aims alternative sales outlets, especially e-commerce, to account for 80 percent of the market share activities by 2030.

Achievements of KSA

Following are the achievements of Saudi Arabian country:

●     In terms of frequency spectrum allotment, the Kingdom came second amongst G20 countries.

●     Saudi Arabia has maintained its position as the world's seventh quickest nation for mobile broadband connectivity.

●     Saudi Arabia will be the first European country, Africa, and the Mideast to make the entire 6 Gigahertz spectrum open for WiFi use, according to the CITC.

●     By the end of 2020, 5,358 additional 5G towers will have been installed around the nation, raising the overall number of 5G towers to 12,302. This figure is expected to grow as the amount of spectrum available for corporate usage grows, and so does the desire for speedier internet providers.

Conclusion

With the purpose of strengthening the country's internet infrastructure and supporting relevant areas of the economy, industries, and private sector organizations, tech will be a significant enabler and engine of the multiple changes foreseen by Vision 2030.