In a world where technology evolves daily, there are now limitless possibilities. Numerous innovations continue to unfold along this endless path of progress. The Internet of Things (IoT) molds this evolving technological landscape, transforming the way in which people interact with their surroundings. While IoT devices are not yet implemented everywhere, they are poised to be ubiquitous one day, providing seamless connections across all areas, and all industries.

Read more: From Earth to Orbit: Harnessing IoT and Space Tech for Industry Progress

Over the last five years, Saudi Arabia's fintech sector has seen impressive growth. Significant milestones include an increase in fintech companies from 89 in 2022 to over 200 by the close of 2023, along with substantial investments totaling more than SAR 4 billion from various local, regional, and global investors into fintech startups. This progress is supported by key initiatives like Fintech Saudi and the Fintech Regulatory Sandbox, along with substantial funding provided by entities such as the Saudi Venture Capital Company.

Read more: Saudi Arabia's Fintech Boom: Paving the Way for Vision 2030

In contemporary technology, cloud computing stands out as a significant advancement, impacting various sectors and serving as a driving force for individuals, businesses, and data access. Its ongoing journey of improvement reflects a commitment to resolving intricate challenges effectively.

Read more: Navigating the Quantum Landscape: From Cloud Computing to AI and Beyond

Leading the charge in innovation, Saudi Aramco, the world’s largest oil production entity, is embracing state-of-the-art technologies such as artificial intelligence (AI), not only within its core operations but also in broader applications, positioning the company at the forefront of progress.

Read more: Saudi Aramco’s AI Innovation Strategy

The Telecommunications and Digital Government Regulatory Authority (TDRA) has unveiled an extensive strategy to spearhead research and studies concerning the advancement of ‘International Mobile Telecommunications’ (IMT-2030) technology, also called the sixth generation of mobile networks (6G).

Read more: TDRA Aims to Pioneer 6G Services Before 2030 in UAE

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, is spearheading efforts to elevate Dubai's status as a global technology and innovation hub. This is evident through the introduction of the recently unveiled Dubai Universal Blueprint for Artificial Intelligence, which translates his vision and directives into actionable strategies for enhancing the city's leadership in this field.

Read more: The First Phase of Dubai’s Universal Blueprint for AI Commences

A recent study has revealed a significant uptake in the adoption of AI technologies within cybersecurity strategies among UAE organizations. Specifically, 91% of surveyed companies are incorporating AI into their security measures, particularly in areas such as threat detection, response, and recovery.

Read more: 95% of UAE Companies Plan to Fill Cybersecurity Vacancies with AI

More Articles ...