HOW CAN BUSINESSES ADAPT TO INDUSTRY 5.0?
HOW CAN BUSINESSES ADAPT TO INDUSTRY 5.0?
30 Oct 2024
In a lively discussion, participants explore the role of the young generation in Saudi Arabia's technological advancements, emphasizing their receptiveness and ability to improve technologies. The conversation highlights the importance of regulation in AI, focusing on regulating use cases. The transition from Industry 4.0 to 5.0 is discussed, with a focus on the Future Factories Program and the need for a strong foundation. The potential of AI in enhancing productivity and revenue generation is debated, countering the notion that AI leads to job reduction. The discussion also touches on the balance between innovation and sustainability, urging CEOs to focus on both revenue and climate issues. The kingdom's readiness for transformational change and its ambition to become an industrial powerhouse and AI manufacturing base is emphasized.