Organisations say digital startups will pose as a threat to their business; report
Dell Technologies found many UAE and Saudi Arabia businesses have barely started their digital transformation
Research from Dell Technologies discovered that 45% of UAE and Saudi Arabia businesses fear they may become obsolete in the next three to five years due to competition from digital startups.
The pace of change is also causing concern, as 54% of business leaders have experienced disruption in their industries over the past three years due to digital technologies and the Internet of Everything, plus 44% of businesses are unsure how their industry will be in the next three years.
Despite the fast change, many companies have barely begun their digital transformation. Only 7% of businesses surveyed are performing critical digital business attributes, while only parts of many businesses are thinking and acting digitally.
However some measures are being taken to advance the digital transformation process as 64% are planning to invest in IT infrastructure and digital skills leadership, 69% are expanding their software development capabilities and 73% agree they need to prioritize a centralized technology strategy for their business.
Mohammed Amin, senior vice president, Turkey, Eastern Europe, Africa and Middle East at Dell EMC, said: "We are already witnessing a transformation of business priorities as both public and private sector entities across this vast region continue to invest in advanced new technologies to better meet changing customer needs and expectations. In the near future, almost every business will have software development expertise at its core.
"Many of these companies will be brand new; others, having not written a line of code in 20 years, will have been on a momentous journey. New digital products and services will drive the transformation of IT infrastructure as businesses struggle to manage 1000x more users and 1000x more data. We believe that this monumental change is rich with opportunity, and we see ourselves as the transformational catalyst, and partner, for our customers."
The findings result from an independent survey by Vanson Bourne of 4,000 business leaders, from mid-size to large enterprises, across 16 countries and 12 industries including UAE and Saudi Arabia