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AI to add US$15.7 trillion to global economy by 2030, says PWC report

Events

Conference Chairman Eng. Majed Alshodari CISO ACIG 1AI could contribute up to US$15.7 trillion to the global economy in 2030, more than the current output of China and India combined, professional services firm PWC report

Of this, US$6.6 trillion is likely to come from increased productivity and US$9.1 trillion from benefits to consumers, the report added.

Annual growth in AI contribution is expected to range from 20-34 per cent per year across the Middle East, with the fastest growth in Saudi Arabia, the UAE, and Egypt.

PwC’s report estimates that the Middle East is expected to accrue two per cent of AI’s total global benefits in 2030. This is equivalent to US$320bn where the largest gains are expected to accrue to Saudi Arabia as AI is expected to contribute more than US$135.2bn to the economy in 2030, equivalent to 12.4 per cent of GDP.

The report states that the UAE is expected to see the largest impact of almost 14 per cent of 2030 GDP. AI contribution in Egypt is expected to reach US$42.7bn in 2030, equivalent to 7.7 per cent of Egyptian GDP.

To meet the demand for having a global platform gathering world-class technology experts, the Saudi Emerging Technologies Forum will take place from 11-13 November 2019 in Kempinski Hotel in Riyadh.

The aim of the forum is to address the deployment of emerging technologies and the 2030 plan for digital transformation that will power cities and economies of the fourth industrial revolution. 

The forum will be chaired by Majed Alshodari, CISO at the ACIG group, and will feature 10 exclusive certified workshops on the latest applications of IoT, IIoT, AI implementation for 2030 vision, data science, cybersecurity, enterprise architecture, cloudification, blockchain for government services, AR/VR, RPA implementation, deep learning (DL), machine learning (ML) and coding 4.0.

Mohammed Mahnashi, an information security advisor of the Saudi Ministry of foreign affairs, said, “Saudi Vision 2030 relay on an ambitious yet achievable blueprint that reflects our country’s strengths and capabilities and depends on the technology to achieve the vision goals.

I believe that the forum is a vital event to attend, to listen and discuss with experts in Saudi national transformation programme.”

Exclusively at the event, Khaled Abusalem, chairman of Saudi Aramco’s UAV and robotics standards committee, will talk about the company’s fourth industrial revolution centre in Dahran.

Human factors need to be taken into account when addressing safety. (Image source: Adobe Stock)

H.E. Abdullah Ali Bin Zayed Al Falasi, director general of Dubai Government Human Resources Department. (Image source: DGHR)

Source: SafeStart

The RealWear Navigator Z1. (Image source: RealWear)

The Al Khobar 2 SWRO desalination plant located in Saudi Arabia. (Image source: ACCIONA)

The new uvex phynomic cut glove range is manufactured in Germany using 3D hand ‘formas’ to mimic the contours of the hand. (Image source: uvex)

The GS700 incorporates the capability to detect H2, in addition to its existing ability to detect natural gas. (Image source: Teledyne Gas and Flame Detection))

The campaign focuses on keeping construction sites clean. (Image source: Adobe Stock)

The new uvex phynomic cut glove range is manufactured in Germany using 3D hand ‘formas’ to mimic the contours of the hand. (Image source: uvex)

QatarEnergy LNG's CEO at the Safety Day. (Image source: QatarEnergy LNG)

H.E. Abdullah Ali Bin Zayed Al Falasi, director general of Dubai Government Human Resources Department. (Image source: DGHR)

The Tab-Ex 04 Pro DZ2 / D2. (Image source: Pepperl+Fuchs)

The Al Khobar 2 SWRO desalination plant located in Saudi Arabia. (Image source: ACCIONA)

Source: SafeStart

Both municipalities said they were committed to advancing HSE practices in the country.

The project will have an expected annual processing capacity of 900,000 tonnes of waste, making it one of the region’s largest. (Image source: EWEC)

There are a diverse range of factors to consider from suspension, soft textile materials, vented or non-vented models, to heat regulation accessories, size and aesthetics. (Image source: MSA Safety)

The workshop focused on safety in construction as well. (Image source: ICC)

The new partnership will enable HMi Elements to tap into Cobic-Ex’s global network. (Image source: HMi Elements)

Sarah Hutcheon, product development manager, OPITO. (Image source: OPITO)

To improve differentiation, hard hats can be customised with different colours and logos. (Image source: MSA Safety)

The new harness comes with integrated trauma suspension relief straps in leg pads. (Image source: Guardian)

Human factors need to be taken into account when addressing safety. (Image source: Adobe Stock)