GOSI slashes SANED contribution rate to 1.5%    Jordan Records 3,493 New Cases of Coronavirus    Future Minerals Forum highlights role of the Kingdom and its future vision    Hajj Ministry: 10-day mandatory interval between two Umrahs applicable to foreign pilgrims too    SFDA organizes 'Coaching Day' event to support leadership development    National eLearning Center to hold conference on "eLearning for Human Capability Development"    Civil Defense urges all to be careful as inclement weather continues in some areas    COVID-19 cases number is unprecedented, but critical cases are lower than previous stages    Saudi Arabia qualifies for Beijing Winter Olympics in another first    Chopard ambassador Jacky Ickx in Riyadh    KSrelief Distributes More Than 63 Tons of Food Baskets in Taiz, Yemen    Saudi female engineer wins international award for inventing a chip that detects cancer    UAE Announces 3,067 New COVID-19 Cases, 3 deaths in Last 24 Hours    Governor of Riyadh Receives Ambassador of Qatar    Ministry of Health Starts Second Phase of Coronavirus Vaccination for Children Aged 5-11    Hostages freed after 10-hour stand-off at Texas synagogue    Police in Italy see red after being given pink facemasks    Djokovic to be deported after losing final Australia visa appeal    UN stands ready to provide support after volcano eruption and tsunami in Tonga    GCC Secretary General to Discuss Tomorrow in Brussels Ways to Strengthen GCC-EU Relations    "Hiking" Trail Events on Farasan Island Conclude    Palestinian Foreign Ministry: Int'l Silence on Israeli Settlement Destroys Two-State Solution    Saudi Pavilion at Expo 2020 Dubai celebrates 'Year of Saudi Coffee 2022'    Putin and Xi set to meet on opening day of Beijing Olympics    S. Korean president arrives in Dubai for economic diplomacy on Mideast swing    Saudi Arabia's box office jumps 95% in 2021, hits $238 million sales    Secretaries General of Local and Regional Federations in Asia Concludes Conference    Real Madrid to Face Athletic Bilbao in Riyadh Tomorrow in Final of Spanish Super Cup 2022    SAMF President Highly Commends Saudi Arabia Dakar Rally 2022    Makkah Governor Patronizes Closing Ceremony of Saudi Arabia Dakar Rally 2022    First edition of AlUla Art Residency closes with artists premiering contemporary works 'The Oasis Reborn'    At McDonald's, your favourite beef burgers are now hotter, tastier, and juicier    "Saudi Exports" Wins ISO Certificate for Business Continuity    Saudi Stock Market Index Closes High    ITFC Tops Bloomberg 2021 Global Islamic Financing League Tables as Best Bookrunner and Mandated Lead Arranger    IATA Renews International Accreditation of Saudi Academy of Civil Aviation    Reflections on celebration of Christmas    Royal Commission for AlUla to Hold Custodian of the Two Holy Mosques Endurance Cup 2022, Richard Mille AlUla Desert Polo    Saudi Arabia's Pavilion at Expo 2020 Dubai Organizes a Dance Theatrical Show for Children    Saudi Arabia rebuffs UN resolution on 'sexual orientation'    Kabir Khan eyes on joint Indian – Saudi film projects    Saudi Film Commission Announces Incentives for Local and International Producers    "Ithra" Unveils Winner of Ithra Prize for Arts at Diriyah Biennale    Bollywood superstar Salman Khan to dazzle Riyadh Season on Dec. 10    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Redefining boardroom key goal for Kingdom's businesses in 5 years
Published in The Saudi Gazette on 15 - 10 - 2015

The Kingdom of Saudi Arabia's organizations must "redefine" their boardrooms to provide the digital sector a seat at the table by 2020 to succeed in the Digital Economy, SAP remarked Wednesday in advance of GITEX Technology Week 2015.
Demonstrating the opportunity for digital transformation in the Kingdom of Saudi Arabia, digital initiatives can boost annual growth rates and cost efficiencies of up to 10 percent by 2020, according to McKinsey & Co.
However, business complexity presents a major problem, with 200 of the world's largest companies losing 10 percent of their annual profit due to complexity, according to a report by AIM Research.
"Over the next five years, business leaders in boardrooms across the Middle East will face a tough challenge in the digital economy, requiring them to disrupt themselves or lag behind," said Jonathan Becher, chief digital officer and head of SAP Digital, who will present on the topic of "Digital Disruption" at GITEX Technology Week 2015.
"Chief digital officers must embrace the region's tech-savvy and youthful population to take on leadership roles in enhancing organizational readiness and developing projects that will drive digital business success," added Becher. "The SAP Digital Boardroom solution provides the real-time dashboards and data visualizations that enable those in the boardroom to monitor, simulate and drive rapid change in a digital economy."
Making its Middle East and North Africa debut at GITEX Technology Week 2015, SAP Digital Boardroom contextualizes the boardroom, locations and devices into a real-time enterprise experience. Powered by the SAP HANA platform and experienced through the SAP S/4HANA suite and analytics solutions from SAP, SAP Digital Boardroom understands the past, predicts the future, and drives execution.
Many of the leading organizations across the Middle East have taken the lead in digital transformations, especially in the Kingdom of Saudi Arabia, UAE, Qatar, Oman and Egypt.
In the Kingdom of Saudi Arabia, the Middle East's largest ICT market is set to reach $37 billion in 2015, especially with investment in cloud, mobility, analytics and social networking, according to IDC.
"Mobile-first has become the mantra for Saudis engaging with digital content, but organizations have lagged in keeping up with the demand," said Ahmed Al Faifi, managing director, SAP Saudi Arabia. "Organizations in the Kingdom need to continue integrating business, IT and marketing strategies, while simplifying operations, to deliver growth in the mobile and digital eras." Meanwhile, the UAE's total IT spend is set to reach $8.06 billion in 2017, led by the fast-growing public sector, according to IDC.
"Smart infrastructure is a cornerstone of the UAE's diversified economic growth, and to succeed in the digital economy, public and private organizations cannot sit on the side lines of digital transformation," said Tayfun Topkoc, managing director, SAP UAE. "They must harness the power of big data with strategic insights from the board level in order to make an impact."
To drive innovation and digital transformation faster in UAE, SAP has invested in the SAP Startup Focus program with the SAP Training and Development Institute, to build an ecosystem of entrepreneurs making sustainable and successful Smart City initiatives, and create in-country economic value.
With Qatar aiming to become one of the world's best-connected countries by 2020, the country's leading organizations are using SAP solutions to transform their customer experience.
With SAP's technology and world-class processes, and a strong commitment from management, AAB will have the real-time visibility in products and services to meet Qatar's rising demand for motor vehicles. The company aims to ensure that our customers can find shorter queues, better visibility on spare parts, and enhanced invoicing, In Oman, one of the country's largest conglomerates, Al Khalili Group, was the first Middle East organization to deploy SAP S/4HANA.
"With thousands of products and employees to manage daily, we needed greater visibility into supply chain to track our customers' orders and stocking, and to enable our staff to further develop their technology skills in the Digital Economy," said Jumana Al-Hashmi of Al Khalili Group. "Providing real-time visibility is a major component of SAP S4/HANA, helping enable our expansion plans and supporting the region's economic growth."
From ports and logistics to automotive and retail, every vertical in the Gulf is set to embark on a digital transformation over the next several years.
"Gulf organizations are taking the reins on the big-data challenge, seeking out the latest technology to simplify their operations," said Gergi Abboud, managing director, SAP Gulf. "Thanks to our big-data solutions and co-innovation strategy, we're supporting our customers in gaining the strategic insights needed to innovate in the digital economy, and connect with our partners and customers
Demonstrating the regional growth of the digital economy, Egypt's digital Islamic market is currently valued at $6.2 billion, according to a recent report by Thomson Reuters.
"Egyptian organizations need to harness the potential of well-educated, youthful disruptors to support their digital transformations," said Amr Ghoneim, managing director, SAP North Africa and Levant. "The next wave of big-data talent in Egypt will serve as a catalyst for the wider Middle East and Africa markets."


Clic here to read the story from its source.