Artificial Intelligence in Oil & Gas, Government Services & Financial Services
This report examines the adoption of artificial intelligence (AI) globally and in Saudi Arabia, with a focus on three key industries: oil and gas, government services, and financial services (among the many other sectors that benefit from AI use including manufacturing, healthcare, education, automotive, retail and e-commerce and transportation).
It explores the support for AI, and focuses on the potential impact of AI adoption in the oil and gas, government services, and financial services sectors. We explore impact, future opportunities, and challenges through secondary research and case studies by our AI solutions partner, Nexus FrontierTech.
Beyond oil and gas, AI is a major enabler of Saudi Arabia's transformation ambitions. These three industries combined represent over 50% of Saudi Arabia’s GDP (GASTAT, GDP and National Accounts, Fourth Quarter 2021). As it strives towards smarter cities and infrastructure, efficient government procedures, and a shift to a greener economy, the Saudi Arabian economy is expected to benefit greatly from AI and other sophisticated technologies from the Fourth Industrial Revolution.