Saudi Arabia’s Vision 2030, the ambitious blueprint set for long-term goals and expectations is the Kingdom’s vision for the future. The Kingdom is witnessing major digital initiatives from the public sector that have accelerated interest in the importance of moving forward with digital transformation. ‘Hybrid IT’ has become the norm and is creating enormous complexity for corporations to manage, thus legacy systems are not going away. Over 90% of companies today have both cloud and legacy on-premise IT environments and it is only expected to grow by 2022 to 96%. The fairly newer ‘DevOps’ is the automation of the cross-functional process of developing, testing, deploying and monitoring applications and is projected to have a market opportunity of $8b by 2022. It is said to improve speed to deliver, reduce failures and reduce repair time and is becoming a key influencer in core IT Operations spending. And lastly, AI spend is about $1B today, growing 4x to $70B in the next 5 years and is broadly considered to be the defining industry trend for the next decade.
Digital Transformation also comes with its share of challenges on the cloud regulations about data sovereignty, this is not a challenge to non-regulated industries like insurance, financial services, and telecommunications. Although the country is among the highest in the world in smart-phone penetration and, with a very high percentage of young population, Brick and Mortar channels still prevail with the accelerated adoption of digital in retail, banking, and public services. The local ecosystem of Mobile applications despite the rise of government support is still on an initiation mode. The buying power in the nation and the exposure of Saudi youth represents a great opportunity to transform the channels of service delivery and call for digital maturity with reviews of operating models in almost all industries.
The fact that most service providers, government agencies and financial services have a digital strategy in place or in evolution, brings the Saudi market to the front seat compared to all other emerging markets in the region as the best candidate for a huge disruption catalyzed by with the mandates of Saudi Vision 2030 in its main programs, goals, overall economic and social impact.
BMC Software, the Digital Transformation Sponsor at the 3rd Annual Digital Saudi 2030, is responsible for driving digital transformation for its customers today and for the future. As an organization, BMC helps customers get to the optimum balance of safety, resiliency, and cost while maintaining the ability to stay fast and agile, thus reinventing businesses.
On the 19th and 20th of November 2019, at the Prince Sultan Grand Hall, Al Faisaliah Hotel in Riyadh, BMC Software will be showcasing their latest innovations to bring the domains of IT Service Management and IT Operations Management together. Additionally, you will witness‘BMC Helix’ assisting in turning the unknown into the known to future-proof IT operations and service experience. It does so through pervasive intelligence and by providing a single view into your IT services and operations.
If you would like to be a part of Saudi Arabia’s largest platform for Digital Transformation, log on to http://www.digitalsaudi2030.com/riyadh/index.html
Managing Director – BMC Software Saudi Arabia & Bahrain