94% of Saudi firms plan to boost AI investments

NOHA.GAD
Feb 12, 2024

Riyadh - Sharikat Mubasher: Around 94% of organizations in Saudi Arabia plan to boost investments in artificial intelligence (AI) technologies to scale their respective cybersecurity strategy, with 77% believing that AI is an important enabler for their organization’s overall approach to cybersecurity.

New research by Censuswide, commissioned by Palo Alto Networks, found that 87% of respondents in the Kingdom understand the potential cyber risks, and 91% feel their organization is cyber-ready; meanwhile, 50% of respondents researched said they have seen a rise in cyberattacks in the past 12 months.

Almost 71% of CEOs researched said that cybersecurity in the Kingdom is a board-level issue within their organization, and 49% saw themselves, alongside the CIO, responsible for ensuring their organization is protected against cyberattacks, especially if that could impact the business, customers, and reputation.

Furthermore, 69% said they are looking to raise investment in cybersecurity protection, while 84% of respondents have confirmed that their company’s CIO or CISO plan to reduce the number of security solutions deployed to reduce complexity.

Ercan Aydin, Regional Vice President at Palo Alto Networks for Middle East and Africa (MEA), stated that the increasingly complex cybersecurity challenges are prompting organizations to revise their strategies to enhance security postures and increase cyber resilience.

“It’s encouraging that business leaders in KSA view AI as an important business enabler,” Aydin added.

The official further noted that the potential opportunities for organizations looking to uplevel their cybersecurity with AI and machine learning are numerous.


Share

Related News

Pathfinder secures $325mn to support RetailGPT rollout
News
Calendar Icon
July 24, 2024
Pathfinder secures $325mn to support RetailGPT rollout
readmore
Riyadh becomes a regional business hub driven by significant non-oil sector growth
News
Calendar Icon
July 24, 2024
Riyadh becomes a regional business hub driven by significant non-oil sector growth
readmore
Saudi Arabia requests to host first Olympic Esports Games of 2025
News
Calendar Icon
July 24, 2024
Saudi Arabia requests to host first Olympic Esports Games of 2025
readmore
Altakamul National clinches 15% stake in Nabataty
News
Calendar Icon
July 23, 2024
Altakamul National clinches 15% stake in Nabataty
readmore
Riyadh Air signs deal with GE Aerospace for flight optimization
News
Calendar Icon
July 23, 2024
Riyadh Air signs deal with GE Aerospace for flight optimization
readmore
Al Khateeb meets Jeddah investors to boost tourism sector
News
Calendar Icon
July 23, 2024
Al Khateeb meets Jeddah investors to boost tourism sector
readmore
Esameyoon's 6th season kicks off to celebrate successful entrepreneurs
News
Calendar Icon
July 23, 2024
Esameyoon's 6th season kicks off to celebrate successful entrepreneurs
readmore
Nongshim to construct and operate 'K-Smart Farm' in KSA by 2025
News
Calendar Icon
July 23, 2024
Nongshim to construct and operate 'K-Smart Farm' in KSA by 2025
readmore
SAMI enters two key partnerships to enhance its MRO capabilities
News
Calendar Icon
July 23, 2024
SAMI enters two key partnerships to enhance its MRO capabilities
readmore
KAFD becomes first SmartScore neighborhood in MENA
News
Calendar Icon
July 23, 2024
KAFD becomes first SmartScore neighborhood in MENA
readmore