Government services, banking, insurance emerge as the top
industries contributing to incremental growth due to
automation
DUBAI, UAE, April 8, 2021 /PRNewswire/
-- Intelligent automation offers the potential to
double the economy of the Kingdom of
Saudi Arabia (KSA) to US$ 1.6
trillion, adding an additional US$
293 billion by 2030, according to new research commissioned
by Automation Anywhere, a global leader in Robotic Process
Automation (RPA).
Results of the Saudi Arabia:
Showing way to the world research, from Ernst and Young (EY), also
showed that the KSA has an opportunity to drive technology-led
productivity through intelligent automation deployments.
Intelligent automation is a combination of RPA and artificial
intelligence to accelerate digital transformation.
The EY modeler computed the impact of incremental automation
adoption across all sectors of Saudi
Arabia for three scenarios:
- Optimistic scenario – 50% incremental intelligent automation
adoption by organizations across the region will add US$ 293 billion to the nominal gross domestic
product (GDP)
- Moderate scenario – 30% incremental adoption will add
US$ 184 billion to the nominal
GDP
- Conservative scenario – 15% incremental adoption will add
US$ 103 billion to the nominal
GDP
The KSA has laid strong foundations by actively promoting
private and public partnerships for its Vision 2030, a strategic
framework to reduce Saudi Arabia's
dependence on oil, diversify its economy, and develop public
service sectors such as health, education, infrastructure,
recreation, and tourism.
According to the new research, industries that include
government services, public sector, banking, insurance, energy and
materials, offer the best opportunities to maximize intelligent
automation while achieving the Vision 2030 goals.
"Intelligent automation will serve as a virtual workforce
executing the repetitive and mundane tasks, allowing organizations
to redeploy their workforce with improved skills and advanced
productivity than ever before. Thus, we envision building a 'Center
of Excellence' on process automation through the adoption of
emerging technologies in intelligent automation to help accelerate
and achieve our transformation goals and objectives in line with
the overall bank's strategy," said Faisal
Al-Rashoudi, Vice President and Head of Digitisation and
Automation at Bank Aljazira.
The report identified three critical enablers to accelerate
intelligent automation: speed up the digital transformation
of government entities and private enterprises by increasing fast
and secure services through the cloud; increase training and
development in digital skills, and support a stronger ecosystem of
start-ups, enterprises, government, and academia to drive
innovation.
"The economic disruption of COVID-19 caused a temporary
slowdown; however, our customers have used this opportunity to
accelerate their digital transformation journey and made their
business more resilient with our award-winning cloud RPA platform,"
said Milan Sheth, Executive Vice
President, IMEA, Automation Anywhere. "We agree with the
projections of the report and strongly believe that intelligent
automation is the first step in a digital-first mindset and has the
potential to act as a key lever in realizing the Saudi Vision 2030
goals to diversify the economy and build the skills of the
future."
For more information about the report, and its findings, please
visit:
https://www.automationanywhere.com/lp/saudi-arabia-paving-the-way
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About Automation Anywhere
Automation Anywhere is a global leader in Robotic Process
Automation (RPA), empowering customers to automate end-to-end
business processes with intelligent software bots – AI-powered
digital workers that perform repetitive and manual tasks, resulting
in dramatic productivity gains, optimized customer experience and
more engaged employees. The company offers the world's only
cloud-native and web-based automation platform combining RPA,
artificial intelligence, machine learning and analytics, yielding
significantly lower TCO, higher security, and faster scalability
than legacy monolithic platforms. Its Bot Store is the world's
first and largest marketplace with more than 1,200 pre-built,
intelligent automation solutions. Automation Anywhere has deployed
over 2.8 million bots to support some of the world's largest
enterprises across all industries in more than 90 countries.
For additional information,
visit www.automationanywhere.com.
Automation Anywhere is a trademark/service mark or registered
trademark/service mark of Automation Anywhere, Inc. in the United States and other countries.
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