The Kingdom of Saudi Arabia (KSA) is on a massive transformation journey. KSA’s “Vision 2030” aims to diversify and grow the national economy, with technology-led productivity enhancements as the cornerstone of change.
Results of the “Saudi Arabia: Showing way to the world” research from Ernst and Young commissioned by Automation Anywhere showed that the KSA has an opportunity to drive technology-led productivity through intelligent automation deployments. Intelligent automation is a combination of RPA and artificial intelligence to accelerate digital transformation.
The EY modeler computed the impact of incremental automation adoption across all sectors of Saudi Arabia for three scenarios:
- Optimistic scenario – 50% incremental intelligent automation adoption by organizations across the region will add US$ 293 billion to the nominal gross domestic product (GDP)
- Moderate scenario – 30% incremental adoption will add US$ 184 billion to the nominal GDP
- Conservative scenario – 15% incremental adoption will add US$ 103 billion to the nominal GDP
The KSA has laid strong foundations by actively promoting private and public partnerships for its Vision 2030, a strategic framework to reduce Saudi Arabia’s dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation, and tourism.
According to the new research, industries that include government services, public sector, banking, insurance, energy and materials, offer the best opportunities to maximize intelligent automation while achieving the Vision 2030 goals.
For more information about the report, and its findings, proceed to this page.