Emerging markets and developing economies are facing up to a more challenging business environment than ever before. In order to ensure economic growth and a broad-based distribution of gains – something that is widely acknowledged to be a critical aspect of long-term sustainability – they must adjust their developmental models accordingly.
Information and Communication Technology (ICT) continues to have a far-reaching impact on social and economic development, extending far beyond productivity enhancement. ICT now has a far more all-encompassing effect – improving access to services, enhancing connectivity and communication channels, and creating numerous opportunities for employment.
The nations within the GCC lay at the dawn of a new era in innovation and technology. This era will drive the move towards a society and an economy that has productivity, human happiness, public service delivery and customer satisfaction at the heart of its international appeal and sustainability.
The Kingdom of Saudi Arabia is a regional leader in recognising the power of the Internet of Things, Big Data, Data Science and Open Data. Many of the Kingdom’s forward thinking government ministries and entities, as well as public and private sector organisations have moved to implement Big Data methodology as a necessary component of operational advancement.
The Saudi Big Data market is expected to grow from $0.92 billion in 2013 to $1.85 billion in 2018, at an estimated of CAGR of 32.4% during the forecast period. Rapid increase in digitalization and automation of business activities is one of the major factors driving the Kingdom of Saudi Arabia big data market
A number of examples of the widespread and positive impact Big Data has had on organisations across the world, however there are also those that have struggled – and in many cases failed - to utilise Big Data and harness its power in order to gain value from their investment.
In its practical use, if implemented and integrated properly, Big Data provides the following key advantages:
The key for organisations within the region as we head into the Big Data era, is to understand the answers to the following key questions:
These are just an example of the types of questions that will be answered at the Peer Review Kingdom Big Data & Analytics Summit.
We will also cover individual industries and lines of business, and the way in which they all may benefit from Big Data implementation.
Attendees of the Kingdom Big Data & Analytics Summit will include: