Digital transformation to double Qatar’s commercial output
Real-time analytics can drive annual revenue growth to reach $4.3bn by 2019
The Ministry of Transport and Communications has claimed that hyper-connectivity and e-commerce, Qatar's business-to-business and business-to-consumer market are set to reach $4.3bn in 2019.
At the SAP Qatar Forum, the regions energy, public sector, transport, healthcare and construction leaders empathised the role of real-time insights in the Internet of Things era and digital economy. Furthermore, an IDC report believes business intelligence can drive revenue by 10% annual revenue growth.
Nakilat, which hosts the LNG shipping fleet, with its partner Fujitsu, has deployed the SAP HANA private cloud platform for real-time financial and ERP insights.
Hamad Rashid Suwaid, information technology manager at Nakilat said: "In an era of lower oil and gas prices, now is the time for Qatar's oil and gas companies to invest in the next wave of technology. Real-time analytics are helping Nakilat to transform our supply chain, while fuelling research and development to ensure Qatar remains a world hub for energy innovation."
Steve Tzikakis, senior vice president and general manager, SAP South Europe, Middle East, and Africa, emphasised that mega-trends such as hyper-connectivity, computing power, cloud, and the block chain are transforming how we work, live, and communicate.
He said: "Qatar's organisations are amongst global leaders in using a digital core to transform in today's digital economy. The digital transformation of their organisations is a catalyst for diversified economic growth, which is aligned with Qatar National Vision 2030.
"Visionary CEOs are using cloud-based real-time insights to make quick, decisive actions, expand services, and drive omni-business models. This results in a simpler, agile organisation, which delivers new levels of customer engagement."
Qatar's auto dealerships, Abdullah Abdulghani and Brothers Co. WLL (AAB), with partner HICRON Sp. z.o.o., also emphasised the benefits of real-time analytics, which has helped ABB's supply chain, enhanced the customer experience and helped diversify products and services.