Saudi coaching entity Eunoia uses AI to support employee well-being


RIYADH: Norway-based global IT services company Crayon is fully invested in the future of Saudi Arabia’s artificial intelligence sector, as its CEO predicts the industry will contribute 12.4 percent of the country’s gross domestic product by 2030.

During the second Global AI Summit in Riyadh, Ziad Rizk, the CEO of Crayon Middle East and Africa, told Arab News that the Kingdom is an ideal location for the company to incubate its operations to meet the demand of the entire MEA region to satisfy.

“Approximately $360 billion is spent on AI in the Middle East and Africa. But specifically, if you look at the kingdom, we think AI will account for about 12.4 percent of total GDP by 2030,” Rizk told Arab News.

READ:  Saudi Arabia donates $1M to UNAOC to support activities, programs 

“Accordingly, we are investing proactively here, trying to lead and support the Kingdom’s journey in this direction,” he added.

HIGHLIGHTING

• The company’s CEO predicts that by 2030 the industry will contribute 12.4 percent of the country’s gross domestic product.

• The Kingdom is an ideal location for the company to incubate its operations to meet demand across the MEA region, he says.

READ:  Xi Warns Against Meddling in Central Asia

• During the event, Crayon also announced the opening of its regional digital transformation office in Riyadh.

• The company, which helps customers understand software assets and leverage and reduce software costs, already has over 4,500 customers across the MEA region.

Rizk explained that the company will support the sector in several areas, leveraging its global expertise in the kingdom and building a local talent pool in collaboration with the government and universities.

“The third pillar is to work with the startup community and scale-up companies that are truly on the cusp of exponential growth and help them branch out beyond the Kingdom into the Middle East and Africa “, he added. Crayon also announced the opening of its regional digital transformation office in Riyadh during the event.

READ:  Saudi FM receives written message from Qatar minister

Founded in 2002, the company that helps customers understand software assets and leverage and reduce software costs already has over 4,500 customers across the MEA region.

Rizk said Crayon’s existing customer base in Saudi Arabia consists of large companies and facilities spanning sectors such as oil, electricity and aviation.

Ziad Rizk, CEO of Crayon Middle East and Africa. (AN photo)

Rizk praised the Saudi market, stating that its clients in the kingdom had both high expertise and agility in pursuing their ambitions. Rizk believes that startup companies will play a big role in advancing the kingdom’s AI sector and the company plans to support them.

“The startup community is really good at identifying a key technical problem and then putting a lot of focus into solving it, but these companies face business challenges and here we address them,” he said.

Crayon was recognized by Microsoft as a 2019 Global Partner for Data and AI and 2021 Partner of the Year for Saudi Arabia.

The company has grown 180 percent year over year, and Rizk expects to continue doing so for at least three more years.



Source link