Sunday, September 20, 2020

Only 4% of businesses surveyed in the UAE and Saudi Arabia are digital-ready

According to a new research by Dell Technologies, only 42% of businesses in the UAE and Saudi Arabia exhibit a strong growth on their journey to digital readiness. Furthermore, emphasizing on the overall regional capabilities, the research states that businesses in the Europe, Middle East and Africa (EMEA) region are maintaining an average pace of digital adoption (41%), as compared to their counterparts in the Americas that present a marginally higher level of digital maturity (45%).

The findings result from an independent survey by Vanson Bourne of 4,000 business leaders – from mid-size to large enterprises – across 16 countries, including UAE and Saudi Arabia, and 12 industries. As we stand at the threshold of post-oil economy, the survey reveals how many businesses view technology and digital leadership skills as requisites to succeed and ensure sustainable business growth.

While the telecommunication and technology industry rise to the forefront of digital transformation at 46% and 45% respectively, the public healthcare sector lags behind in embracing the new digital wave (37%). This points to a bigger issue – digital transformation is not a central strategic pillar to many organizations. The survey also highlights that only 4% of the many businesses surveyed in the UAE and Saudi Arabia are capable of acting digitally. While the vast majority admits to barriers, such as lack of digital expertise, hindering their progress towards becoming future-ready.

Reflecting the growing digital skills gaps, more than two-thirds (65%) of the respondents agree that lack of in-house digital expertise and budget constraints hinder the advancement of their digital initiatives. To remedy this situation, 28% of the businesses are acquiring skills through mergers & acquisitions and joint ventures, whereas 27% are investing in digital skills. To supplement these efforts, half of the businesses in the UAE and Saudi Arabia are integrating digital goals across all departments to measure the level of digital preparedness. Likewise, two in three (45%) businesses are creating digital profit & loss statement and 38% have invested in a dedicated executive committee to assess their digital transformation progress.

Mohammed Amin, Senior Vice President, Middle East, Turkey and Africa at Dell EMC

“We believe the next industrial revolution is ripe with new opportunities and will fundamentally transform every industry. We are already experiencing this change with the rise of digital start-ups and innovative business models. Therefore, it is imperative for every business to keep pace with the momentum by undertaking digital transition. It is critical for every business leader to invest in digital talent and advanced technology to stay relevant and competitive in this rapidly contesting marketplace. As an industry leader, Dell EMC is strongly positioned to provide organizations, regardless of their size, with the essential technology and infrastructure to modernize their business and support them at every step of their digital roadmap.

MOST READ

“Virtual Bahrain 2020” conference, exhibition kicks off Tuesday

Under the patronage of Mohammed Ali Al Qaed, Chief Executive of the Information and eGovernment Authority, the "Virtual Bahrain 2020" conference and exhibition will...

Bahrain exports BD190 Million Worth of Products of National Origins during August 2020

The Information &eGovernment Authority (iGA) issued its foreign trade report of August 2020, encompassing data on the balance of trade, imports, exports (national origin),...

RHF Secretary-General visits flood-affected areas in Sudan

Royal Humanitarian Foundation (RHF)'s Secretary-General Dr. Mustafa Al-Sayed, visited some areas affected by the floods and torrents that swept Sudan. This came under the directives...

HH Khalid bin Hamad congratulates ‘Your Talent at Home’ winners

First Deputy Chairman of the Supreme Council for Youth and Sport (SCYS) and President of Bahrain Olympic Committee (BOC) His Highness Shaikh Khalid bin...

Interior Minister: valid PCR certificates for entry to Bahrain via causeway

The Interior Minister General Shaikh Rashid bin Abdullah Al Khalifa said that Polymerase chain reaction (PCR) certificates accredited by the Saudi Health Ministry within 72...

Kdan Mobile’s DottedSign Includes AATL Certificates to Ensure Users the Highest Level of Electronic Signature Process

Kdan Mobile Software Ltd., a global software as a service (SaaS) company, has announced that its e-signature service DottedSign now includes a digital identity...

Declaration Supporting Peace: A historic, brave step aimed to enhance regional security and stability

The declaration supporting peace signed by the Kingdom of Bahrain with the State of Israel is a historic move towards establishing peace in the...

Bahrain marks World Patient Safety Day

Bahrain joins the world in marking the World Patient Safety Day observed on September 17. This year's theme is “Health Worker Safety: A Priority...

Health Minister receives Indian ambassador

Health Minister Faeqa bint Saeed Al Saleh, received Indian Ambassador to Bahrain Piyush Srivastava. The minister praised the historical relations between Bahrain and India in...

stc Bahrain joins stc Group as the diamond sponsor of Virtual Capacity Middle East

stc Bahrain, a world-class digital enabler, joins stc group Kuwait and KSA as a Diamond sponsor of the virtual Capacity Middle East Conference 2020,...

AI Ethics by Dr. Jassim Haji

There global agreement among modern Artificial Intelligence professionals that Artificial Intelligence falls short of human capabilities in some critical sense, even though AI algorithms...

Adherence to precautionary measures national responsibility

President of the Supreme Council of Health and Chairman of the National Medical Taskforce for Combating Coronavirus (COVID-19) Lieutenant-General Dr. Shaikh Mohammed bin Abdulla...

HM King’s humanitarian initiatives lauded by Sudan’s foreign minister

Sudan’s Acting Foreign Minister Omar Qamar Al Din Ismail has praised the support of His Majesty the King to Sudan in various circumstances and...

Zain Bahrain introduces Zain Digital Natives Advancement Program for newly recruited Gen Z Bahraini employees

Zain Bahrain, a leading telecommunications operator in the Kingdom of Bahrain, fuelled by the passion to empower Bahraini youth with specific skills, recently announced...

The American University of Bahrain (AUBH) welcomes class of 2024

The American University of Bahrain (AUBH), re-opened its campus in Riffa, following an orientation session for the incoming Class of 2024 students. AUBH Founding...