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The digital transformation in the UAE has forced government institutions and companies of all sizes to deal with huge amounts of real-time data that are multiplying in a record and unprecedented way, which makes benefiting from this data a necessity to enhance the knowledge economy and make sound decisions based on accurate data, in a way that benefits services and businesses in general. .
Data is the main structure for the UAE government to continue its leadership towards digital transformation and building smart cities, and the most important factor for development in the uses of artificial intelligence technologies, “blockchain” networks, “metaverse” models and other technologies and innovations that have changed and changed the world now and in the future.
A report issued by the “Dubai Future Foundation” indicates that the big data market now represents between 7% and 10% of the gross domestic product of a number of advanced economies.
development opportunities
According to the “official portal of the UAE government”, open government data works to make decisions based on specific data and to identify global development opportunities.
The Deloitte Institute for Studies confirms that data imposes its presence in all aspects of life today, while the world witnesses the production of 2.5 quintillion (1 followed by 18 zeros) every day of data, and it is expected that the pace of this production will accelerate with the world’s tendency to expand the use of the Internet of Things. , and other technological innovations.
Deloitte asked: How can we benefit from this data and how do we make it available, clean, safe and useful to help extract insights and extract value, profits and sustainability within institutions and companies?
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Jyoti for Chandani
new investments
Jyoti Lalchandani, Vice President and General Manager of the International Data Corporation (IDC) Group in the region, says: The UAE continues to move towards a knowledge-based economy based on information and digitization in all sectors, and the private sector is following these same trends, which indicates an injection of investments. New data and cloud computing to improve government services and in sectors, the most important of which are: the financial sector, tourism, travel, retail, education and health, while the volume of spending on cloud computing in the region and Africa this year is expected to reach about $10 billion, and about $4.8 billion on information protection and security. cyber. Lashandani added that IDC expects the growth of spending in the region, Turkey and Africa on big data analytics 2023 by 11.4%, to reach $4.1 billion, and on public cloud services by 25.0%, exceeding $10.4 billion, and the growth of managed cloud services by 16.1%, to exceed $1 billion. And $ 1.4 billion, and spending on artificial intelligence grew by 16.3%, reaching $ 7.9 billion in 2023.
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Carl Crowther
Huge amount of data
For his part, Carl Crowther, Head of Middle East and Africa at Alterex, said that according to a recent report by McKinsey, 99% of the UAE population has access to the Internet, and the region is on par with European and North American countries in terms of penetration. Internet for the population.
Thanks to the vast amount of data, this increase has fueled the growth of accessible technologies that enable decision makers to harness the potential of data analytics in an automated and unprecedented way. With the demand for informed insights increasing rapidly, data-driven technologies such as analytics, machine learning, and artificial intelligence are helping business leaders make better decisions at every level, accelerating their operations, and driving innovation at scale to improve future outcomes.
However, Crowther says: While analytics, machine learning, and artificial intelligence become viable technologies, research shows that their true value appears only when they become more accessible and within the reach of workers in organizations and companies.
Healthcare professionals confront huge pools of data to accurately and quickly diagnose and treat patients, and data and analytics are transforming how companies operate in other key industries such as manufacturing, retail, and transportation.
He explains that in addition to automating “ordinary” tasks, data science and analytics enable modeling of many possibilities to provide invaluable insights that help inform smart decision-making.
He said, “While data analytics is poised to revolutionize the economy, we cannot overlook some challenges that must be overcome before we realize the full potential of data.
Crowther continued, “One of these challenges is the lack of skilled data scientists who are able to leverage and act upon data, which hinders the ability of many organizations to make data-driven decisions.”
