Excellent Opportunities generated by the Emerging Technologies
  • USD 1.1 Trillion is being spent worldwide on Digital Transformation in 2018.
  • A 16.8% increase from 2017, in global spending, has been witnessed in Digital Transformation, according to IDC Spending Guide.
  • The Middle East is expected to accrue 2% of the total global benefits of AI in 2030. This is equivalent to USD 320 billion, according to pwc Middle East.
  • The Digital market could add USD 95 billion per year to Middle East’s annual GDP by 2020
  • The Middle East and North Africa region’s IT spending is projected to reach USD 155 billion in 2018, a 3.4% increase from 2017, according to the latest forecast from research and advisory firm Gartner
  • By 2030, there will be 125 million electric cars on the road (source: IEA – International Energy Agency)
  • Andhra Pradesh, an Indian city, enhanced competitiveness in the automotive and electronics industries by using:
    • more bio-based plastic
    • cobots to help human workers
    • AR & VR to reduce the cost of training and increase productivity
    • more 3D printing
    • blockchain to improve supply chain management
    • and machine learning and AI to design products.
  • This will help the city’s economy to grow by 11.6% per year, resulting in a USD 5 billion annual opportunity by 2022.