Saudi firms ‘faster than global peers ‘adopting cutting-edge tech

Saudi firms ‘faster than global peers ‘adopting cutting-edge tech

With 80% of organisations in KSA at an advanced stage of their digital transformation strategies, the kingdom has emerged faster than its global peers in adopting cutting-edge technology, a KPMG survey said.

The “Tech Survey Saudi Arabia 2022” by KPMG, a leading provider of audit, tax and advisory services in Saudi Arabia, 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 LEAP2023, the four-day annual tech convention held in Riyadh, with more than 100,000 tech innovators and leading experts from around the world.

Investing heavily

Public and private sector organisations in Saudi Arabia have been investing heavily in digital transformation. Organisations 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 technology to outperform their global counterparts.

“Our latest global tech report finds a resilient, forward-looking attitude among technology professionals in the kingdom and their peers globally. Moreover, Saudi