Dubai stands to gain $5 billion from digitalisation

Technology

Dubai stands to gain $5 billion from digitalisation

Digital transformation presents a $4.9 billion worth of opportunity for Dubai over the next five years, according to most current data. With the government task many 'smart efforts, the benefits of digitalisation are expected to percolate to every sector in the economy, particularly energies, transport, aviation and tourism.

"The UAE's leadership is taking active efforts toward becoming the world's smartest location. The efforts are inspiring companies to really push themselves in the instructions to digital improvement. In a current survey, CISCO estimates that over the next 5 years, this digitilisation will contribute $4.9 billion to the GDP, which includes $3.7 billion from the economic sector," stated Ashley Woodbridge, Customer Solutions Architect, Cisco, while addressing the CIOMajlis on a session on 'Digital Transformation'.

More than 30 UAE-based CIOs from various sectors consisting of oil and gas, facilities, logistics, financing, energy and IT, shared experiences and went over the challenges and opportunities in the method to digital transformation during the current CIOMajlis, held at Al Badiya Golf Club, Festival City.

Ahmad Al Mulla, Senior Vice President, Information innovation, Emirates Global Aluminium, Chairman of the CIOMajlis, stated: "The quickly changing innovation requires that companies stay up to date with the rate and acquire out of it, which can be difficult especially as the CIOs need to line up new technology initiatives with the objectives of the organization and at the same time, face challenges in type of worldwide competitors and availability of resources. At the CIOMajlis, the most significant advantage is the sharing of tried and tested methods. We are getting remarkable response to the CIOMajlis and anticipating number to grow multiple times within a couple of months.".

Abdulqader Obaid Ali, Chief Executive Officer (CEO), Smartworld, said: "The UAE government's efforts towards embracing smart technology and driving innovation throughout all sectors is a driving force for organisations to follow the course and successfully fulfill competitors at global level. The experience at CIOMajlis will help business across the UAE to implement effective strategies, which will likewise bring more international business.".

During the session, the CIOs shared the obstacles and chances that digital change comes up with.

Ali Abdul Aziz Al Ali, Vice-President, Information Technology Division, ADNOC, said: "The federal government's efforts are driving organisations such as ours to actively pursue quality through digital transformation. Our company believe that digital solutions will serve a lot in terms of performance, operations, security, control and business development and we have been actively pursuing it. We have actually put our strategies in place as well as began implementing those strategies; our next step is SMAC (Social, Mobility, Analytic and Cloud) innovation, which for a business like ours, where our consumers are spread out across different countries, will be greatly useful. It will help us date customer expectations and remain ahead of competitors.".

Thameem Rizvon, Group IT Director, Kamal Osman Jamjoom Group, stated: "The CIOMajlis is a distinct and strong platform that offers a chance to gain from experiences of other organisations. As CIOs when we get together, the best advantage is hearing what others have actually done, what are the areas that challenges concerns you can deal with. It will help us prepare much better and the advantages are long-term.".

The CIOMajlis members have routine month-to-month meetings during which the members get a chance of gaining from local and world renowned leaders on topics appropriate to them and their companies along with taking part in local and overseas excursion and instructional sessions.