Report on STC company Saudi Arabia

Introduction of STC company Saudi Arabia

             STC is a telecommunications company that works in Saudi Arabia. In this presentation, Saudi Telecom Company (STC Company) is analyzed to find out whether STC Company is in line with the digital transformation of the Saudi vision 2030. Saudi vision is highly focused on digital transformation as according to them digitally transformation can boost business operations in an effective manner that ensure success. Basically, Digital transformation is considered a key pillar of Saudi Arabia’s Vision 2030. Whenever changes come it brings improvement in the old system.  Similarly, IT system improvement caused by changes is the root cause of overall business success. Nowadays, the modern world is adopting the digital and online platform that Saudi companies also have to adopt if they want survival.

STC company Saudi Arabia

             In this slide information about STC company is presented according to this STC is the Saudi Arabia-based Telecommunications Company that is working as a Market leader in Saudi Arabia. According to annual reports, STC is generating 2.27 billion as net income from its business operations. Saudi Telecom Company (STC Company) offer a lot of services in the form of Telecommunication services, for instance, they offer services and products related to Landline, mobile, Internet & computer networks in the domestic market. Like other big companies in Saudi Arabia, Saudi Telecom Company (STC Company) is also following Saudi Vision 2030 for improvement.  

Saudi Vision 2030

Saudi Vision 2030 is basically a plan for overall national Development. The plan discussed areas of improvement in the country e.g. reduce inflation, employment opportunities, and digital transformation and betterment of the IT system. According to the vision, digital infrastructure will be developed by the National Council (Arabnews.com, 2019). The main purpose of digital transformation is to enhance and promote the overall fundamental competitiveness of the Saudi economy. Somehow it is also considered that digital transformation will bring improvement in information technology infrastructure that will support Saudi companies to remain sustainable and competitive in the international market and local market of Saudi Arabia

STC and Saudi vision 2030

             STC is highly concerned with market success and growth, therefore, they are adopting new policies and strategies to make their products and services best for their customers in the domestic market with a vision to expand in the international market. Saudi Telecom Company (STC Company) is in line with digital transformation presented by the Saudi Vision 2030. According to the CEO of Saudi Telecom Company (STC Company), the company is adopting modern digital infrastructures with the aim to provide the best services and to become a market leader in Saudi Arabia. (CEO STC __ Nasser bin Suleiman).

            According to vision 2030, high-speed broadband internet should be provided to small and big business companies to expand coverage and capacity (Arabnews.com, 2019). Vision presents that other countries are progressing rapidly in the market because of their focus on the digital world and e-commerce that Saudi companies should also have. For this purpose, STC is facilitating the extension of broadband networks. Managerial staff of STC is highly concerned with automating existing practices and processes with Artificial Intelligence will allow Information Technology teams to focus more on business innovations. Saudi telecom company (STC) is also improving IT operations and promoting high-speed internet (Saudigazette.com.sa, 2018). Thus, through the help of this digital transformation and improvement in internet speed companies are capable to work effectively in the e-commerce field.    

Conclusion on STC company Saudi Arabia

STC as Saudi Arabia-based Company is following Saudi Vision 2030 for improvement. Vision 2030 is emphasizing on digital transformation to help small and big companies grow in the international and domestic market. STC is promoting improvement and changes in their infrastructure thus company can cut a competitive edge.

References of STC company Saudi Arabia

Arabnews.com. (2019). STC’s new appointments in line with Vision 2030. Retrieved from www.arabnews.com: http://www.arabnews.com/node/1435101/corporate-news

Saudigazette.com.sa. (2018). Digital transformation in Saudi Arabia to expand business and create impact. Retrieved from Saudigazette.com.sa: http://saudigazette.com.sa/article/543763/TECHNOLOGY/Digital-transformation-in-Saudi-Arabia-to-expand-business-and-create-impact