Saudi Arabia's Health-Tech Sector Braces for AI Revolution

The health-tech sector in Saudi Arabia is expected to undergo significant transformation through the use of artificial intelligence (AI), presenting economic and operational benefits. McKinsey & Co. predicts that AI has the potential to unlock economic value of $15 to $27 billion for the country's medical sector by 2030, improving efficiency and reducing manual workload. Crown Prince Mohammed bin Salman sees the potential of AI to revolutionize healthcare and believes it can bring significant benefits. The integration of AI and machine learning in Saudi Arabia is driven by the Saudi Health Sector Transformation Program, which aims to enhance medical care access and modernize facilities. The implementation of AI in healthcare administration is set to revolutionize resource allocation and optimize hospital operations. The country's commitment to health tech and AI innovation is evident through initiatives such as the allocation of 2.5% of its GDP to research and development by 2040 and the launch of the $20 billion Hevolution Foundation. --- Send in a voice message: https://podcasters.spotify.com/pod/show/tonyphoang/message