IDC Saudi Arabia CIO Summit 2024

Saudi Arabia has been on a turbocharged ’everything digital’ journey. The Kingdom’s leaders have been closely working with private and public sector entities to meet their ambitious goals and objectives, fulfil the Vision 2030 strategy, and execute multiple giga projects. Moreover, many leading organizations in Saudi Arabia are already exploring and investing in generative AI (GenAI) use cases. IDC believes that these organizations need to be ready for an "AI Everywhere" world in the future. IDC forecasts that annual spending on AI-centric systems worldwide will surpass $300 billion by 2026, while ICT spending in Saudi Arabia will exceed $36.6 billion by 2024.

In the era of GenAI-driven disruption, technology leaders are reassessing AI's pivotal role in the digitalization landscape. Given AI’s transformative power to significantly enhance digital innovation, customer experience, operational efficiency, and sustainability, forward-thinking governments and digitally-driven organizations are adopting an ‘AI everywhere’ mindset and making AI a tech agenda priority to maintain competitive parity with early adopters.