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Saudi Arabia has announced a 100 billion USD initiative aimed at establishing itself as a major player in artificial intelligence, data analytics, and advanced technology. In recent years, the Kingdom has set up research centers, ministries, and educational programs focused on AI.
Building on that perspective, this article describes examples of AI regulations in the rest of the world and provides a summary on global AI regulation trends. The complexity of varying global AI regulations is challenging for CIOs. An earlier article described emerging AI regulations for the U.S. and Europe. and countries of the EU.
As the chief research officer at IDC, I lead a global team of analysts who develop research and provide advice to help our clients navigate the technology landscape. Back in 2023, at the CIO 100 awards ceremony, we were about nine months into exploring generative artificial intelligence (genAI).
Artificial Intelligence continues to dominate this week’s Gartner IT Symposium/Xpo, as well as the research firm’s annual predictions list. “It It is clear that no matter where we go, we cannot avoid the impact of AI,” Daryl Plummer, distinguished vice president analyst, chief of research and Gartner Fellow told attendees. “AI
We leverage data to increase the pace of evaluating the clinical information necessary to underwrite on behalf of our partners, and continuous research into new and novel approaches to applying data to our business processes. Our data capability finds global commonality across all our regional solutions.
Thats why, in 2025, the top priority for tech leaders should be ensuring that AI technology investments are strategically aligned to deliver measurable commercial outcomes while also addressing rapidly evolving customer needs, says Bill Pappas, MetLifes head of global technology and operations.
An attempt to manage AI The launch comes as enterprises and regulators globally grapple with how best to manage AI, particularly around concerns like private data usage. A public consultation launched alongside the tool will collect industry feedback to enhance its effectiveness.
In recent years, the role of women in the field of Artificial Intelligence has steadily increased, with a particularly notable surge in the UAE. The countrys initiatives focused on empowering women in technology, education, and innovation are beginning to pay off, as more female AI engineers and researchers emerge.
Artificial Intelligence (AI), a term once relegated to science fiction, is now driving an unprecedented revolution in business technology. From nimble start-ups to global powerhouses, businesses are hailing AI as the next frontier of digital transformation. Nutanix commissioned U.K.
Research firm IDC projects worldwide spending on technology to support AI strategies will reach $337 billion in 2025 — and more than double to $749 billion by 2028. Stephen Crowley, senior advisor for S&L Ventures and former CIO of global technology solutions at Covetrus, still sees that future as a little way off.
According to Forrester , the global digital economy will reach $16.5 trillion and capture 17% of global GDP by 2028. Similarly, PWC projects that with the broader spillover effect of technology, the digital economy can reach up to 25% of GDP globally. This is something that Huawei has been focused on for some time.
The global market for managed services will rise in 2024 due to organizations’ IT spending surge and larger investments in managed services deals involving AI and cloud computing, according to market intelligence firm IDC. The research firm predicted that managed services deal size in 2024 will be larger than that of 2023.
Learn more about IDCs research for technology leaders OR subscribe today to receive industry-leading research directly to your inbox. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the technology markets. Contact us today to learn more.
In a global economy where innovators increasingly win big, too many enterprises are stymied by legacy application systems. 2] The myriad potential of GenAI enables enterprises to simplify coding and facilitate more intelligent and automated system operations.
There are also pure-play agentic AI platform providers such as CrewAI and intelligent automation providers like UiPath. Theres also a separate research project thats looking at 50-year-old mainframe code, and using AI to extract the business logic and rewrite it for a cloud-native framework, he says. And thats just the beginning.
The launch by SAP of new AI capabilities in its SuccessFactors HCM (human capital management) suite Monday is a case of “better late to the party than never,” according to an analyst with Info-Tech Research Group. With greater skills intelligence, IT teams can identify what skills gaps they need to fill and find the right talent.”
Give up on using traditional IT for AI The ultimate goal is to have AI-ready data, which means quality and consistent data with the right structures optimized to be effectively used in AI models and to produce the desired outcomes for a given application, says Beatriz Sanz Siz, global AI sector leader at EY.
Learn more about IDC’s research for technology leaders OR subscribe today to receive industry-leading research directly to your inbox. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the technology markets. Contact us today to learn more.
Since its inception in 2019, the Tencent Global Digital Ecosystem Conference has been showcasing Tencent’s latest technology advances, products, and solutions, and inspiring enterprises worldwide. Its sixth edition was recently held in Shenzhen from September 5-6 under the theme Intelligence Brings Opportunities, Cloud Boosts Growth.
In a bold step towards advancing its technological capabilities, the United Arab Emirates Government has partnered with Mastercard to accelerate the adoption of artificial intelligence. As part of this partnership, Mastercard has established a Global Center for Advanced AI and Cyber Technology in Dubai.
Two critical areas that underpin our digital approach are cloud and artificial intelligence (AI). What were seeing is in line with much of the research, including what IDC has published in relation to the costs about compute, cooling and sustainability. Max Chan is a skilled, visionary technology executive serving as the CIO at Avnet.
Globally, the professional services market, including legal, engineering, and consulting services, is expected to reach $6.5 trillion in 2024, according to The Business Research Company. The number of potential customers for Acumatica’s new functionality — or similar products from competitors — is huge.
We are fully funded by the Singapore government with the mission to accelerate AI adoption in industry, groom local AI talent, conduct top-notch AI research and put Singapore on the world map as an AI powerhouse. This approach has the potential to massively scale AI talent development, not just in Singapore but globally.
“By expanding the availability of our software portfolio in AWS Marketplace, organizations around the world will have greater access to a streamlined way to procure many IBM AI and hybrid cloud offerings to help propel their business forward,” Nick Otto, Head of Global Strategic Partnerships at IBM, said in the statement.
At the same time, Artificial Intelligence (AI) is quickly becoming recognised as a keystone for future growth. Foundry’s 2024 CIO Tech Priorities study found 70% of organizations are actively researching or piloting AI-enabled technologies, while 21% have it already in use or are even upgrading and refining their models.
Philipp Herzig, formerly head of cross-product engineering and experience, now leads a new “end-to-end growth area” focused on AI as the company’s chief artificial intelligence officer (CAIO). The aim is to integrate artificial intelligence into every part of the portfolio. Artificial Intelligence, SAP, Technology Industry
SAP has appointed a new global head of artificial intelligence, Walter Sun, after the previous post-holder quit to found her own AI startup. Sun has a PhD from MIT and continued to publish academic research papers during his time at Microsoft, in addition to teaching at Seattle and Washington universities.
There is no single solution to success, but the research highlights some key plays UAE business leaders need to home in on to build a truly AI-driven enterprise. AI is clearly making its way across the enterprise, with 49% of respondents expecting that the use of AI will be pervasive across all sectors and business functions.
Vision 2030 aims to foster a knowledge-based economy and establish Saudi Arabia as a global leader in technology and innovation. As Saudi Arabia continues to invest in infrastructure, education, and research, the deep tech startup ecosystem is expected to grow even more robust in the coming years.
At Google’s parent company, she worked with moonshot companies such as Waymo, Wing, and X, to shape sustainable businesses and global impact. In many cases, IT leaders and companies have focused on innovation, including benefits to users and customers , but they should think more broadly about global impacts, she says. “In
Challenge: Consumers want to shop on their own terms Recent research shows that 77% of consumers today buy through a mix of digital and physical shopping, while just 17% buy only online or only in physical stores (IDC Retail Insights: Consumer Sentiment Survey, 2024 — Findings and Implications, July 2024). And they are making progress.
This is the value of marketing account intelligence software. With marketing account intelligence software, teams can focus their efforts on accounts with the highest probability of converting into loyal customers. The platform’s AI-driven approach optimizes prospecting, lead and account research, and playbook execution.
The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. Amid considerable hype and discussion, AI continues to receive significant investment from many companies. The economic slowdown is now apparent,” Gogia added.
Enter Akeneo, a global leader in Product Experience Management (PXM) and AI tech stack solutions. According to Retail Doctor Groups latest research , Australian retailers demonstrate a sophisticated understanding of AI applications, particularly in personalisation, demand forecasting, and supply chain optimisation.
But some companies, particularly in the IT sector, now appear to be reevaluating their business models and will consider selling non-core lines of business and products to fund AI projects, says James Brundage, global and Americas technology sector leader at EY, an IT and tax advisory firm.
Register for The Emerging Data Ecosystem: ISVs, Hyperscalers and Global Systems Integrators There is no GenAI strategy without a data strategy Realizing the long-promised ROI of generative AI (GenAI) will require customers look for ways to better access, integrate, manage and govern large amounts of unstructured data.
It’s difficult to visualise the true scale of AI, as it’s almost certainly more than you imagine – it’s going to contribute more to the global economy than the current GDP of India and China combined. PwC research suggests that AI could contribute as much as $15.7 Artificial Intelligence
When the global web becomes partitioned by national borders, the open web becomes a casualty of political agendas. Regulatory shifts, including government censorship and regional “internets,” mean that organizations operating globally must adopt region-specific strategies to remain accessible and compliant in different jurisdictions.
She notes, however, that the green sector has a lot of overlap globally as climate and sustainability goals become increasingly universal. Learn more about IDCs research for technology leaders OR subscribe today to receive industry-leading research directly to your inbox. Contact us today to learn more.
“Ensuring you have a deep understanding of your partners’ business, taking extreme ownership of challenges, and being vulnerable are all tenants of building tight partnerships,” observes Andrew Palmer, CIO for global retail markets at Liberty Mutual Insurance. Failing to align IT and business interests gradually erodes hard-earned trust. “It
SSI, as outlined by Sutskever in the announcement , is a company with a singular focus: creating safe and powerful artificial intelligence. “We Different nations need to define boundaries and establish compliance through global policies. Both the researchers announced their exit from OpenAI on social media platform X.
“Our digital transformation has coincided with the strengthening of the B2C online sales activity and, from an architectural point of view, with a strong migration to the cloud,” says Vibram global DTC director Alessandro Pacetti. Plus, AI has been integrated into the e-commerce site to support product research and recommendations.
Tencent Cloud’s expansion in Asia Pacific (APAC) reflects its strategic efforts to capitalize on the growing demand for Artificial Intelligence (AI) and cloud computing services. Tencent Cloud must also focus on its ability to balance local and global strategies while competing against more established international players.
Unleashing deep automation: Evolving enterprise intelligence Deep automation transcends traditional automation approaches, offering a holistic, adaptive, and evolutive strategy at the enterprise and ecosystem level. It leverages hierarchies, synergistic transformation, and distributed processing to produce complex, intelligent systems.
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