The Arab world and the West are in their infancy when it comes to Big Data, but the region will soon frog-leap into the field, Saudi CEO Lubna Olayan said at a landmark investment conference held in Riyadh on Tuesday.
Olayan was part of a panel discussion held in the landmark conference - The Future Investment Initiative (FII). The discussion was titled “Data-driven world: The future of the information economy.”
The FII is a conference hosted by Saudi Arabia's Public Investment Fund. As part of Saudi Arabia's economic reforms announced last year, the Saudi government plans to expand the PIF, founded in 1971, to finance development projects in the country.
Data-driven world: The future of the information economy
Industries around the world are transforming because of the vast amounts of data now available to guide strategic decisions, develop new products, and drive innovation. What is big data making possible today – in business, economics, culture, and society? How will big data impact business and commerce in the future? What is the impact of data on cybersecurity, technology, and new business models? Will data inspire entirely new industries and even new economies in the twenty-first century? And what limits should businesses apply to data to remain ethical?
Mohamed Alabbar, Chairman, Emaar Properties, United Arab Emirates
Ajay Banga, President & CEO, MasterCard, United States of America
Thomas Kennedy, Chairman & CEO, Raytheon Company, United States of America
Lubna Olayan, CEO & Deputy Chairperson, Olayan Financing Company, Kingdom of Saudi Arabia
Joe Kaeser, President & CEO, Global, Siemens AG, Germany
Tidjane Thiam, CEO, Credit Suisse, Switzerland
Moderator: Nik Gowing, International Broadcaster, United Kingdom
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