Oracle forecasts a ‘cloudy’ future for Saudi Arabia

Oracle Vice President for Business Applications Kamel Tawil delivers his welcome address at the Modern Business Forum in Jeddah. (AN photo)
Updated 12 October 2018
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Oracle forecasts a ‘cloudy’ future for Saudi Arabia

  • As the Kingdom continues to diversify economy through its Vision 2030 agenda, digital transformation is at its core
  • Oracle has more than 430,000 customers worldwide and 25,000-plus partners, as well as 138,000 employees

JEDDAH: Oracle, the world’s leading provider of enterprise cloud computing, specializing in the development of database software, enterprise software and cloud engineered systems, hosted a Modern Business Forum (MBF) in Jeddah on Wednesday.

The day-long forum, held at the Ritz-Carlton hotel, offered keynote presentations by senior Oracle executives and partners, and was attended by representatives of leading Saudi corporations, entrepreneurs, and businesspeople alike.

The MBF emphasized intelligent cloud applications, integrated cloud platforms, the Internet of things (IoT), blockchain technology, and how artificial intelligence (AI) as a whole can help Saudi businesses accelerate their production growth into the 21st century, shifting their business structure and transforming to a cloud-based operating system.

Oracle’s technology in AI, machine learning, augmented reality, blockchain, IoT, and human interface technologies are, by their own construct, designed to allow customers the ability to take integrated technology and make advances within their individual business products and services.

A pioneer in IoT platforms, Oracle is using enterprise AI in conjunction with IoT to assist customers in managing their physical assets, while boosting employee productivity in the process. The Oracle Cloud system possesses the most innovative of capabilities, including: Software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS), and data as a service (DaaS), empowering businesses of all types and sizes onwards in their journey toward digital transformation.

As Saudi Arabia continues to diversify its economy through its Vision 2030 agenda, digital transformation is at its core. Neom, the Kingdom’s $500 billion transnational mega-city is expected to heavily incorporate innovative technology, such as: Nano, 3D printing, IoT devices, electric and self-driving vehicles, robotics, and renewable energy.

Oracle Vice President for Business Applications Kamel Tawil spoke exclusively and at length with Arab News on Wednesday on the multifaceted benefits of Oracle’s integrated cloud software.

“We believe we are at the forefront of technology. We are really driving innovation in both the public and private sectors, and we are very excited to be in Saudi Arabia because the whole country is transforming within all industries, and we are honored to provide value and contribution to this country,” he said.

“With the evolution of artificial intelligence, sensor-based technology, and big data, we are looking at a different kind of application that will guide you on what to do. Predictive intelligence will now merge together between robotics and software to provide you with the next best action. So today the application can guide you, tell you, and help you in making the right decisions.”

The forum touched upon some interesting survey data relating to Saudi Arabia. PricewaterhouseCoopers (PwC), a multinational strategy consulting and data analytics firm, has predicted that AI will add $15 trillion to the global economy by 2030, even though few companies are currently pursuing serious AI implementations within their businesses.

In fact, according to McKinsey Consulting Co., only 20 percent of AI-aware firms are currently adopters of this technology. PwC reports that the Middle East is expected to accrue 2 percent of the total global benefits of AI by 2030, equivalent to $320 billion. The largest of these gains is expected in Saudi Arabia, where AI is expected to contribute more than $135.2 billion, equivalent to 12.4 percent of gross domestic product.

“This conversion of technology, artificial intelligence, big data, and connectivity, is really disrupting business modules. We have companies that disappeared and new companies that are taking over, such as these taxi service companies that own zero taxis — they have changed the whole landscape of transportation,” Tawil continued. “The implications of that are really going beyond technology itself, and are really disturbing and changing very old industries.

“We believe artificial intelligence is the next big thing. We believe artificial intelligence coupled with big data, connectivity, and sensor technology is going to change the way we work.

“We at Oracle are really innovating around our enterprise applications, and around our databases. Our latest offering is our autonomous database. Usually, when you have a database you need to have a database administrator to manage it, but with our autonomous technology, this database can update itself, freeing valuable time and resources to do other important tasks.”

As for what fields Oracle sees its technology thriving most in, Tawil, who opened the forum with an executive welcome speech, believes it directly revolves around Saudi Arabia’s Vision 2030.

He said: “One of the key initiatives is how to diversify the sources of income. In my view, I would say that the application of Oracle technologies can be really great in two key fields. One is through really empowering the government and changing the public sector into a more customer-focused, efficient, and progressive sector. We have many initiatives and are working with many government entities in that regard. Secondly, which is key, is fueling innovation in the private sector. How can we bring the next wave of entrepreneurs, the next wave of smart companies, who can contribute to the diversified economic growth of Saudi Arabia?”

When looking into specific industries, the International Data Corporation forecasted in 2018 that spending in Saudi Arabia will be the highest in the public sector, financial services, health care, education and manufacturing.

Oracle has already been present in Saudi Arabia for more than 30 years, and across all major cities in the Kingdom. Oracle’s consistent growth within Saudi Arabia is driven by the success of its customers and this growth has now been further enhanced by the rapid adoption of cloud solutions.

“We have great customer examples in Saudi Arabia. We have large companies who have embraced our cloud, so really that drive toward the cloud is really fueling our own company growth,” Tawil remarked.

A few examples of leading Saudi organizations that were mentioned in Wednesday’s MBF that have incorporated Oracle Cloud in their operating systems include Saudi Telecom Company, NADEC, ACWA Power, Nahdi Medical, and Zahran Holding Co. All have chosen Oracle Cloud solutions, and all have seen major transformative projects achieve growth and improve efficiency.

This long-term commitment from Oracle within Saudi Arabia has translated into massive investments, helping organizations of all sizes, both public and private, achieve strategic objectives with digital transformation. Recently, Oracle announced plans to open a data center in the Kingdom, further expanding its footprint by introducing its latest cloud solutions and creating a vigorous support infrastructure. It hopes to implement a series of programs and initiatives aimed at driving digital skills among the Saudi youth and better preparing them for the digital economy that will be at the forefront of Saudi Arabia in 2030.

“We are really living in very exciting times, where all these technologies are now converging, and really producing positive effects in the way we are living, working, and interacting,” Tawil said.

Oracle’s own transition to a cloud-first company had garnered plenty of discussion in the IT world — both from optimists and skeptics. “When the whole cloud concept got introduced, we really embraced it and transferred all of our applications into cloud-based. We introduced our fusion application, which is the only pure end-to-end cloud-based application available today,” added Tawil.

“Now, with the new advancement of cloud-based technologies, the technology is available for anyone. If you are a startup company, before implementing an IT system you needed to wait one or two years; now in a couple of weeks you can have access to the same system that is used by some of the largest companies in the world. You don’t need to invest in infrastructure. You don’t need to invest in building that data center. You just buy the service and you are up and running.”

It is important to note that a common misconception of emerging technologies, such as AI, is that they are a threat to existing jobs. “The machines are taking over,” although a common narrative, is hardly factually based. On the contrary, new technology truly thrives when it succeeds in creating the time and space for new jobs.

Automation is all about speeding up the mundane tasks that often take up valuable time for businesses. Innovative technology is often geared at achieving greater profitability through efficiency and, in so doing, enables employees to focus on more valuable tasks. It is about improving people’s decision-making capabilities by empowering them with highly relevant and effective technology, along with timely data, that otherwise would not be possible to collect.

They are the necessary tools that Oracle aims to provide toward a bright and “cloudy” business future for Saudi Arabia.

 

 

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These are cloud-based applications within the Oracle Data Cloud — a collection of more than 5 billion consumer and business profiles, with more than 45,000 attributes. When activated, these new Adaptive Intelligent Apps use Oracle’s web-scale data and apply advanced data science to learn and ingest data about an organization’s users and their behaviors to deliver targeted information to customers and employees.


Saudi crown prince calls for global collaboration to build resilient global economy

Saudi Arabia’s Crown Prince Mohammed bin Salman. (File/SPA)
Updated 10 sec ago
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Saudi crown prince calls for global collaboration to build resilient global economy

  • Crown prince affirmed the Kingdom’s commitment to acting as a stabilizing force in the region
  • He said cohesion and cooperation with regional and global partners is the key to achieving security and prosperity

RIYADH: Saudi Crown Prince Mohammed bin Salman called for global collaboration to help build a more resilient and integrated global economy on Monday.

Speaking during a special dialogue session at the World Economic Forum’s Special Meeting in Riyadh, the crown prince discussed the current geopolitical and economic challenges facing the world, Saudi Press Agency reported.

He affirmed the Kingdom’s commitment to acting as a stabilizing force in the region and said that cohesion and cooperation with regional and global partners is the key to achieving security and prosperity.

Saudi Arabia has created diverse opportunities for regional and global investors by building on decades of robust growth fueled by its energy exports, the crown prince said.

He also highlighted the Kingdom’s achievements under Saudi Vision 2030, noting that the Kingdom continues to create transformative investment opportunities in emerging sectors across its evolving economy.

At the special session attended by government officials, business leaders, and academics, the crown prince discussed the comprehensive set of reforms implemented in the Kingdom over the course of the last eight years to enable the private sector to become an engine of growth. He said the growth of the Kingdom’s Public Investment Fund and its intent to become a trillion-dollar sovereign wealth fund was an example of this.

Discussing Saudi Arabia’s rapidly diversifying economy, the crown prince said non-oil economic activity in Saudi Arabia contributed 50 percent to the Kingdom’s gross domestic product in 2023, the highest level ever.

He emphasized the importance of investing in research and development, noting that such investment has propelled the growth of national giants including ACWA Power, Ceer Motors, and Alat.

This creates a foundation for these companies to embed emerging technologies into their business models and further the growth of the sector in the Kingdom, the crown prince said. He added that this has contributed to the rapid growth of the Kingdom’s digital economy, at a rate three times faster than the global growth rate.

He also highlighted how Saudi Vision 2030 has created a flourishing civil society and brought about vast improvements to quality of life and social mobility and inclusion, with women’s participation in the workforce having doubled since 2016.

Working with global partners, Saudi Arabia is building an economy of the future based on innovation, growth, and opportunity, Prince Mohammed said.He ended by saying Saudi Vision 2030 is a journey, not a destination, and that although the Kingdom has made significant strides, there is still much more to do.

The special meeting of the World Economic Forum in Riyadh ended on Monday evening.


‘Beneath the Surface’ dives deep into world of corals

Updated 29 April 2024
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‘Beneath the Surface’ dives deep into world of corals

  • Red Sea Global documentary, recently screened in Jeddah, explores efforts to conserve this vital ecosystem
  • Protecting and conserving corals is a ‘shared responsibility,’ says Red Sea Global official

JEDDAH: A documentary on the plight of coral reefs, “Beneath the Surface: The Fight for Corals,” produced by Red Sea Global in collaboration with Warner Bros. Discovery, was recently screened for an audience of ocean enthusiasts in Jeddah.

The 45-minute documentary released on Earth Day follows Saudi free diver and environmentalist Salma Shaker on a journey of discovery and hope, in the process highlighting the unique resilience of Red Sea corals and their potential contribution to global coral health.  

Currently airing on the Discovery channel in over 130 countries, viewers are taken on a journey into the depths of the sea where these vibrant underwater ecosystems are found.

At its core, “Beneath the Surface” aims to shed light on the undiscovered treasures of the Red Sea’s coral reefs, highlighting their biological diversity and vital role in sustaining the global ecosystem.

“The coral reefs in the oceans are the backbone of the planet’s entire ecosystem on which humans survive,” the documentary says. “However, pollution and climate change are threatening their survival.”

Shaker is portrayed in the documentary as a Saudi youth role model, inspiring others to prioritize the protection of the Red Sea’s ecosystem and its coral reefs.

The documentary delves into her relationship with her father, who has been a pivotal figure in shaping her connection to the sea. A marine geologist, fisherman, and diver himself, he instilled in her and her siblings a deep love for the ocean.

She told Arab News: “The core concept of the movie revolves around how the resilience of Red Sea corals in the face of climate change can offer hope for coral reefs worldwide. Without giving too much away, the movie explores this idea in depth, and I believe the message will resonate strongly with viewers.”

She added that she has visited Red Sea Global many times, and seen the corals’ “awe-inspiring” beauty.

“The untouched and protected corals create an underwater paradise that feels like stepping into an aquarium. Every aspect, from the marine life to the vibrant colors, is simply breathtaking,” she noted.

Red Sea Global’s commitment to marine environment protection is evident throughout the film, underscored by its dedication to sustainable development practices as the bedrock of its mission.

Raed Albasseet, group chief environment and sustainability officer at Red Sea Global, told Arab News: “Partnering with Warner Bros. to produce this film is an additional step we’ve taken. Our primary objective is to deliver the highest quality content to the broader public, including the Saudi population and especially the youth.

“We aim to showcase the beauty of these coral reefs, their significance to the economy, and their importance to humanity as a whole. Through this film, we hope to inspire individuals to take an active role in preserving and enhancing these invaluable ecosystems for future generations.”

Since around 2016 and 2017, Red Sea Global has collaborated extensively with various platforms within King Abdullah University of Science and Technology, he added.

Speaking about these environmental efforts to protect coral reefs, Albasseet explained: “Working with scientists, we’ve documented the environmental significance of our development sites, guiding master planning and project development. Leveraging this expertise, we’ve implemented long-term programs to protect corals during development and operations, aiming to enhance coral growth.”

They have also launched pilot projects for coral enhancement across ambitious regenerative tourism destinations The Red Sea and AMAALA, facilitating future coral growth. “Beneath the Surface” documents the company’s unveiling of Corallium, the new brand for its Marine Life Centre in AMAALA, at COP28 last November in Dubai. “Our Corallium project in AMAALA underscores our commitment to coral preservation and growth,” he added.

Omar Al-Attas, head of environmental protection and regeneration at Red Sea Global, told Arab News: “The breathtaking beauty of Saudi Arabia’s marine ecosystem is a gift that must be showcased and shared with the world. It's a shared responsibility for us all to focus on protection, conservation, and enhancement efforts.”

Speaking about the documentary, Al-Attas added: “In addition to raising awareness through this film, we want to shine a spotlight on the comprehensive initiatives undertaken by Red Sea Global to preserve, conserve, and enhance the environment. As the saying goes, ‘You can’t clap with one hand’ — success requires collective effort. Together, we can create a success story to inspire and educate the world.”

Through its Coral Gardening Pilot Project, Red Sea Global is monitoring around 300 reef sites, testing coral farming techniques, and establishing several floating marine nurseries to conserve and grow rescued coral populations, with a success rate of about 97 percent.

The multi-project developer is keen on utilizing the latest technologies in coral cover monitoring, employing robots and adopting machine learning approaches, capturing three-dimensional images and assembling them into digital twins. This enables scientists to identify potential negative events and respond to and solve them rapidly, such as coral bleaching and the arrival of invasive species.


Festival in Madinah puts cultural diversity from 95 countries on show

Updated 29 April 2024
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Festival in Madinah puts cultural diversity from 95 countries on show

  • Prince Salman bin Sultan toured the pavilions of the participating countries, learning about the festival’s goals, which are to foster communication, unity and understanding among people
  • Hassan Al-Oufi: The festival creates a harmonious and cooperative environment where the East and West unite on the university’s premises

RIYADH: Prince Salman bin Sultan, the governor of Madinah, on Monday inaugurated the 12th Cultures and Peoples’ Festival, the Saudi Press Agency reported.

The governor toured the pavilions of the participating countries, learning about the festival’s goals, which are to foster communication, unity and understanding among people.

The festival, which also encourages teamwork and promotes Islamic values, supports dialogue, coexistence and peace among nations, and strengthens communication between university students and the local community.

The event, organized by the Islamic University of Madinah, runs until May 6.

During the inauguration ceremony, the acting president of the university, Hassan Al-Oufi, said that over 100,000 students from more than 170 countries have graduated from the university, contributing significantly to the development of their societies and homelands.

Al-Oufi said that the festival brings together students from 95 countries, providing them with a platform to display their cultures, customs, and traditions.

“The festival creates a harmonious and cooperative environment where the East and West unite on the university’s premises,” he said.

Representatives from various countries present more than 40 activities and events for families, children, and the community.

Festival events and activities include celebrations of Saudi coffee, Arabic poetry, tea, and the Year of the Camel 2024. There are also entertainment, educational and cultural sections that offer enriching experiences for visitors.


WEF meeting in Riyadh vital to build ‘trust’ in global systems, institutions

Updated 37 min 52 sec ago
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WEF meeting in Riyadh vital to build ‘trust’ in global systems, institutions

  • Financial crises need attention, says the WEF’s Mirek Dusek
  • Saudi Arabia has critical role to play in the region and globally

RIYADH: The World Economic Forum’s Special Meeting in Riyadh is a critical gathering needed to help address global wars and financial crises, says the WEF’s managing director.

Speaking to Arab News on Sunday, Mirek Dusek said the issue of rebuilding trust in institutions and systems continues the theme of the recent WEF meeting in Davos.

The erosion of trust has not only been the result of the COVID-19 pandemic or the military conflicts worldwide, but also goes back “all the way to the financial crisis.”

“There is a lot of research now, sociological and economic, looking at what it has done to society, in developing and in developed economies,” he added.

“What is also important is that you’re not rebuilding trust for a system of the past,” he continued. “You need to make sure that as you do those things, it’s really with the view for the future.

“We would term it intelligent economies … we live through this age of all these revolutions.

“So, it’s not only AI revolution, it’s also the biotech revolution, the energy transition revolution etc. and so, obviously, there are huge opportunities, but are we really equipped?”

Dusek explained that while AI comes with risks that can seriously impact societies, it also offers significant opportunities, particularly in terms of productivity.

He pointed out that the Riyadh meeting’s agenda seeks to “shape and build intelligent economies that are inclusive, sustainable and, obviously, dynamic.”

On the role of Riyadh in conflict resolution, Dusek said that as a G20 country with the region’s biggest economy, Saudi Arabia “is very visible on the international scene — on behalf also of the whole region.”

Dusek said “working on peace, security, and stability in this region is in the interest of the international community at large.” He added that the participation in Riyadh of many foreign ministers, including from the G7 Plus nations and Syria, as well as US Secretary of State Antony Blinken, is “symptomatic of the fact that people, again, are paying attention.”

“We are, of course, dealing with the war in Gaza and the terrible humanitarian situation in Gaza, but I think it is a larger issue of how important it is to keep investing diplomatically in issues that may have been underinvested in the previous years,” he added.

He described this as “a big turning point in terms of where the regional security and stability picture will go.”

Dusek said holding the WEF’s Special Meeting in Saudi Arabia was an “important milestone” that fits the global conversation and agenda of Davos.

“If we just look under the hood of what intelligent economies mean, it is not only being able to really deploy some of these cutting-edge technologies in industry and in society, but it’s also figuring out how to have a more inclusive economy (and) labor force.

“It is figuring out the whole triangle of the energy transition — security, sustainability, and access.”

He said that the erosion of trust has deepened inequality within societies and in certain economies, and “intelligent economies” seek to address this growing gap.

“We are seeing the need to not only have outcomes that are medium- to long-term and look at the big picture.”

He added: “So, if you look at intelligent economies, it is the big picture systems view. And we continue to do that because it is important, but, of course, you also need to be able to see what are the solutions for the here and now and for the near term.”

He explained that for this reason, the WEF works closely with labor unions “not only in Davos or other meetings, but also in our ongoing work” to find ways to deliver to the most vulnerable and to fragile communities within each society.

He said a great deal of work is being done with organizations including the World Bank, and that the WEF continues to explore ways to “make sure that you finally figure out, for example, how to bring in more private capital into fragile markets, and crowding private capital for climate finance, for energy finance, etc.”

He added: “I think leaders and overall organizations are fully cognizant of that (of) moving in that direction. Is it enough? Obviously, we are seeing that particularly in terms of the statistics within societies.”

He pointed out that this awareness may have also been “triggered by some of these (global economic) shocks, but (there is) a clear realization that more needs to be done.”


Gates Foundation partners with KSRelief to eradicate polio, strengthen primary healthcare

Updated 29 April 2024
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Gates Foundation partners with KSRelief to eradicate polio, strengthen primary healthcare

  • Saudi Arabia will contribute $100 million to support the Lives and Livelihoods Fund
  • Saudi Arabia has pledged $500 million over the next five years to the Global Polio Eradication Initiative

RIYADH: The Bill and Melinda Gates Foundation and the Saudi aid agency KSrelief have announced a joint push to eradicate polio, improve global health, and alleviate poverty.

At the World Economic Forum’s special meeting in Riyadh, Anita Zaidi, president of the foundation’s gender equality division, told Arab News: “This is a really momentous occasion for us to really expand our partnership with the Kingdom of Saudi Arabia.

“It's the biggest contribution that a sovereign country has ever given to the polio eradication program, and it’s really a signal for how governments in the Middle East, like the Kingdom of Saudi Arabia and other Gulf countries, are really stepping up to play their part in global health and development.”

Saudi Arabia will contribute $100 million to support the Lives and Livelihoods Fund, the largest multilateral development initiative in the Middle East. The fund aims to lift the poorest people out of poverty in 33 Islamic Development Bank member countries through investments to strengthen primary healthcare, eliminate preventable infectious diseases, support smallholder farming and rural agriculture, and improve basic infrastructure.

Both parties are also allocating $4 million as a relief grant in response to the humanitarian crisis in Gaza, which is profoundly affecting women and children. The grant, to be distributed through UNICEF, aims to provide health interventions and access to basic water and sanitation services.

Saudi Arabia has pledged $500 million over the next five years to the Global Polio Eradication Initiative, which will help to deliver vital health services and polio vaccines to underserved populations through the World Health Organization and UNICEF.

The Kingdom and the Gates Foundation have pledged $3 million and $15 million respectively over three years to support the Polio Legacy Challenge administered by the IsDB, with contributions from Saudi Arabia, the UAE and Qatar under the patronage of the WHO Regional Office for the Eastern Mediterranean’s subcommittee for polio eradication and outbreaks.

To implement the programmes, the Gates Foundation will establish a regional office in Riyadh — in Mohammed bin Salman Nonprofit City — in partnership with the Mohammed bin Salman Foundation to support youth engagement and effectiveness of the third sector.

The partnership between Saudi Arabia and the Gates Foundation has been in the works for several months, and as the WEF meeting for the first time since the pandemic takes place outside Davos, the urgency of announcing the cooperation became evident, Zaidi said.   

The announcement also coincides with the IsDB’s 50th anniversary this week.

This new commitment from Saudi Arabia is the largest multi-year pledge by a sovereign donor to the current GPEI strategy, ensuring that essential health services are provided to hundreds of millions of children each year.

When Africa became free of wild polio in 2020, it left Pakistan and Afghanistan as the only countries where wild polio is endemic.

“There is a special relationship between these countries and Saudi Arabia, so that thought partnership and those relationships, (you ask:) how do you work with these countries? How do you partner more deeply? All of that is important for polio eradication,” Zaidi said.

The direct engagement of countries in the Middle East, including Saudi Arabia, has helped drive the number of polio cases in those countries down from more than 300 in 2014 to 12 in 2023. The GPEI will continue to need resources until polio case numbers reach zero and the world is certified polio-free.

Global health is hugely reliant on women, who comprise 70 percent of the sector’s workforce. But women in senior roles, those who have worked on the ground to understand the eradication process of such diseases, are still lacking.

“We are really trying to change, to hear more women’s voices,” Zaidi said. “And that was part of the program in Pakistan where, for the first time, we surveyed the frontline health workers and asked: what is it that you face in your daily work that is keeping you from doing your best work? What ideas do you have for convincing people whose families are refusing polio vaccination? How do you best communicate the message? All of that has really led to so many better changes in the program,” she added.

One of the foundation’s key focuses is the lack of progress in women’s health, including stagnant maternal mortality rates in the past 10 years — 200,000 women die every year as a result of childbirth. The foundation funded a McKinsey report published at January’s WEF session that highlighted the economic cost of women in poor health.

“We really need to invest in training and retention of the frontline health workers around the world. But the other part is all the new ideas and the new innovations that we can get out to women,” Zaidi said.

Now there are innovations that measure postpartum blood loss, an annual single-injection iron IV for anemia, and ultrasounds facilitated by artificial intelligence awaiting investment and implementation. “These (are) really exciting things that we can now do to really bring down deaths during pregnancy and delivery,” she said.

Zaidi noted that global health intersects with other sectors and industries as the WEF becomes the backdrop for these essential correlations.  

“Having a forum like WEF to really talk about these issues is key. And that’s why we launched the Global Health Alliance, a global alliance for women’s health as well, which is bringing in a lot of different types of thinkers who understand this issue to really solve it,” she said.