Perspective Chapter: Data as Currency - On the Impact of ICTs and Data on the Saudi Economy and Industrial Sector

Kinda R. R Dahlan, Ahmed A. Badawi and Ali A Megahed

A chapter in Digital Transformation - Towards New Frontiers and Business Opportunities from IntechOpen

Abstract: In delineating successful digital application models in Saudi Arabia, this chapter explores the country's digital readiness to further expound its industrial strategic goals. We argue that a gap exists between the availability of data and technology and the availability of human capabilities that can facilitate the meaningful processing of industrial data. Data deluge brings substantial challenges in the collection and management of massive amounts of unstructured data towards decision making. Likewise, unprecedented production of information exceeds the ability of authoritative bodies to create regulations and policies that can keep up with these transformations in the nature of work. We explicate the impact of well-timed policies (fiscal and monetary), prediction of long-term structural changes in the industrial sector, industrial strategy formulation practices, and examine the economic studies and analysis of sustainable development in these areas.

Keywords: digital transformation strategy; Industry 4.0; data governance; digital readiness; Saudi Arabia (search for similar items in EconPapers)
JEL-codes: M15 (search for similar items in EconPapers)
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.intechopen.com/chapters/82313 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:258361

DOI: 10.5772/intechopen.103962

Access Statistics for this chapter

More chapters in Chapters from IntechOpen
Bibliographic data for series maintained by Slobodan Momcilovic ().