Driving Digital Transformation: Deloitte Launches AI Institute in Saudi Arabia
Last Updated on November 9, 2023 by Ameer Hamza
In the ever-evolving landscape of 2023, one transformative force stands out above all the rest: artificial intelligence (AI). With its unparalleled ability to revolutionize industries and reshape business landscapes, AI has become the cornerstone of digital transformation worldwide. In this exciting era, Deloitte, a global leader in professional services, is driving the charge toward digital transformation in Saudi Arabia with the launch of its highly anticipated AI Institute. This groundbreaking initiative will redefine industries, businesses, and society.
The Deloitte Middle East AI Institute, nestled in the vibrant city of Riyadh, is poised to revolutionize the landscape of AI adoption in the region. This visionary institute is committed to crafting bespoke solutions that cater specifically to the dynamic needs of the Saudi and Middle East markets, with a particular emphasis on harnessing the transformative potential of generative AI and machine learning.
Generative AI Momentum: Transforming Businesses in the Middle East
Marking a significant milestone in its strategic vision, the AI Institute sets forth an ambitious agenda to propel businesses and public-sector organizations in Saudi Arabia and the Middle East to unprecedented heights through the transformative power of emerging technologies. With the region’s unique market demands in mind, the AI Institute assumes a pivotal role in advancing AI capabilities, fostering a vibrant culture of innovation, and positioning the Middle East as a global hub for groundbreaking ideas. While businesses have long embraced AI in their operations, the advent of generative AI has ignited a new wave of momentum. This groundbreaking technology, exemplified by OpenAI’s ChatGPT, has the extraordinary capacity to generate a wide range of data, from audio, code, and images to text, simulations, 3D objects, and videos.
Drawing Interest from Tech Titans and Investors
Generative AI has ignited business momentum following its adoption alongside traditional AI operations. OpenAI’s ChatGPT technology, producing audio, code, images, text, simulations, 3D objects, and videos, has sparked competition with Google’s Bard and piqued the interest of influential figures like Elon Musk. Notably, generative AI start-ups received over $4.2 billion in investments through 215 deals between 2021 and 2022. Simultaneously, Saudi Arabia’s Vision 2030 program aims to diversify the economy from oil, making it an attractive hub for global companies advancing research in emerging technologies.
Collaborating for Knowledge and Skills: Deloitte AI Institute and Saudi Universities
Deloitte’s newly established institute embarks on a transformative journey with a vision to boost productivity, foster innovation, nurture talent, and cultivate opportunities for aspiring Saudi youth. Collaborations with leading universities pave the way for students to acquire valuable knowledge, skills, and hands-on experience in AI. Deloitte’s profound belief in artificial intelligence’s boundless potential to revolutionize industries underscores its commitment to the Middle East. By bringing the Deloitte AI Institute to the region, they harness AI power to unlock invaluable insights, drive tangible value, and enhance productivity and efficiency across diverse sectors.