KPMG: Saudi firms faster than global peers in adopting cutting-edge tech

KPMG: Saudi firms faster than global peers in adopting cutting-edge tech

- The survey was launched during LEAP 2023 in Riyadh with over 100,000 tech innovators, experts

- Saudi companies are quickly embracing artificial intelligence (AI), data transformation

- 80% of organizations in the Kingdom are at an advanced stage of their digital transformation

- 53% of executives in Saudi Arabia find security and compliance requirements to be the top challenge

(RIYADH): KPMG, a leading provider of audit, tax and advisory services in Saudi Arabia, has published “Tech Survey Saudi Arabia 2022”, which uncovers the technology strategies businesses are using to help outsmart their competitors in a time of unprecedented global change.

The report surveyed more than 2,200 executives around the world – including 51 in Saudi Arabia – and conducted a series of in-depth discussions with industry experts.

The Tech Survey was launched during LEAP 2023, the four-day annual tech convention held in Riyadh, with more than 100,000 tech innovators and leading experts from around the world.

Public and private sector organizations in Saudi Arabia have been investing heavily in digital transformation. Organizations in the Kingdom have set their sights high, inspired by Vision 2030 and digital transformation initiatives set out by the government.

Saudi companies have quickly embraced artificial intelligence, data transformation and emerging technologies to harness