Capitalizing on Artificial Intelligence Opportunities

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CIO

Artificial intelligence (AI) has become a hot topic for countries worldwide, and both public- and private-sector organizations have already started leveraging it as a response to continuous digital disruption. According to IDC’s 2022 Artificial Intelligence Spending Guide, global AI spending reached $88.6 billion in 2021, and it is forecast to grow at a compound annual growth rate (CAGR) of 25.6% over the 2021–2025 period. Canada, China, and the United States are among the countries in which many organizations began their AI journeys early, supported by government initiatives. Saudi Arabia is …

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