QCOM Boosts Digital Transformation in Saudi Arabia: Stock to Gain?

Image: Shutterstock Qualcomm Technologies, Inc. ( QCOM – Free Report ) recently announced that it has collaborated with Aramco to deploy generative AI-powered Internet of Things (IoT) solutions to accelerate digital transformation initiatives in Saudi Arabia. The leading-edge solutions are designed to improve efficiency, safety and sustainability in industrial operations. The solution suite includes a Rapid Response Solution that bolsters situational awareness and minimizes operational disruptions with the help of on-device AI and computer vision. The system features autonomous AI drones equipped with generative AI flight control that provide quick and effective responses to onsite incidents. The Factory Monitoring Solution delivers real-time insights and predictive analytics to enhance operational efficiency and safety with advanced video surveillance. Utilizing multimodal inputs and hybrid AI in conjunction with on-device AI and edge cloud AI processing, the Equipment Maintenance Solution streamlines maintenance practices. Moreover, its AI native worker assist technology effectively predicts and prevents equipment failures, optimizing performance, lowering maintenance costs and reducing downtime. In addition to this, QCOM and Aramco also introduced the world’s first processors with native support for 5G in 450 MHz spectrum. The cutting-edge IoT processors called Qualcomm QCS8550 and QCS6490 are designed to deliver enhanced 5G connectivity with […]

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