The countdown begins for the highly anticipated 8th edition of Annual HR Tech Saudi Summit to be hosted at Voco Riyadh on November 4th & 5th, 2024. With the theme, “Explainable AI (XAI): The Evolution of Talent and Technology,” the 8th edition of HR Tech Saudi Summit envisions to encapsulate the advancements in AI and its implications for the workforce in the Kingdom.

With Artificial Intelligence (AI) being at the forefront of this evolution, Saudi Arabia is making significant strides in its journey towards a digitally transformed Kingdom. The 8th Annual HR Tech Saudi Summit 2024 will be all about accelerating digital transformation while putting people at the heart of the business.

Saudi Arabia is leading the race towards digital competitiveness amongst many nations. In line with Vision 2030, the Kingdom has put digital technology at the heart of transformation. Saudi youth dominate the Kingdom’s population, acting as the key enablers of the Kingdom’s Vision 2030. As per IMARC research report, Saudi Arabia HR tech market size is projected to exhibit a growth rate (CAGR) of 8.60% during ​2024-2032. This event will further accentuate the adoption of technologies in Human Resource Management.

Extensive research and discussions with industry experts have highlighted key challenges facing the Saudi market, particularly the unforeseen impacts of AI. A primary concern is the need for enhanced AI literacy, ensuring that organizations can ethically leverage AI while prioritizing data security and safety. In this regard, the “People Risk 2024” report by Mercer Marsh Benefits and Marsh McLennan identified key employee related risks in areas such as technological disruption, health and safety, and governance. According to the report, in Saudi Arabia, concerns include mismanagement of AI, natural disasters, and inadequate employee benefits. Despite these challenges, 75% of respondents believe their HR functions manage risks effectively.

Talent management continues to be a big focus for the Kingdom. Identifying the right talent, along with upskilling and reskilling employees based on their job profiles, is essential for retaining top talent, especially Saudi Nationals, in alignment with the Localization initiative.

The event is going to be the perfect platform which is not only high on knowledge dissemination by leading HR leaders of the region, it will also offer a poised platform for companies to exhibit their recent offering and strike the dialogue with their prospective customers.”