Smart Data & AI Summit will take place from May 5-6 at JW Marriott Hotel, Riyadh, Saudi Arabia.

The Kingdom has recognised the need for data analytics in many fields, and the launch of Project Transcendence, a $100 billion AI effort, is a major step towards building a strong technology ecosystem. Saudi Vision 2030 has highlighted the importance of data, artificial intelligence, and digital breakthroughs in addition to providing fresh momentum for economic diversification. The second Smart Data & AI Summit, organised by Tradepass, will take place in Saudi Arabia. Moreover, it will provide direct access to the country's enormous data-driven market, which promises to compete fiercely with the world's superpowers. More than 300 data and AI professionals, including CDOs, CIOs, IT heads, directors of AI, machine learning, and robotics, as well as those involved in data and business intelligence, modelling and mining, and analytics, will attend the summit. The Gulf state has been actively promoting technical developments and creating new business opportunities away from fossil fuels in line with Vision 2030. The data-driven industry has become the main facilitator of this process. The Kingdom wants to rank among the top 15 nations in AI, but it is also seeing a surge in investments in new technologies, rising demand for qualified data analysts, and the use of sophisticated analytical tools. To top it all off, the data analytics market in the Kingdom seems likely to grow at an impressive rate of 30.04% between 2024 and 2032. Read more: Procurement & Supply Chain Futures Forum