Asian shares    Temperatures in Makkah and holy sites between 30-44    Head of Qatari Hajj Mission Praises Saudi Arabia's Efforts in Serving Pilgrims    Thakher Makkah provides exceptional options and opportunities for visitors, investors Unique Project hosts pilgrims steps away from the Holy Mosque    OPEC Secretary General dies at age 63    Saudi Health Ministry's field tours detect 4,222 health violations in runup to Hajj    Boris Johnson fights for political survival as cabinet ministers quit    Mumbai: Heavy rains bring life to a standstill in Indian city    Twitter challenges India order to take down tweets    Arabs believe economy is weak under democracy: Survey    Carlos Santana: Legendary US guitarist collapses on stage    Weather Forecast for Wednesday    Chairman of Sudanese Sovereignty Council Meets with Ethiopian Prime Minister    300 Pilgrims with Disabilities Arrive in Jeddah    Indonesian vice president visits the Prophet's Mosque    Aramco expands Namaat industrial investment programs    Ons Jabeur advances to first GS semifinal in Wimbledon Open    Jail and fine for 10 foreigners, one Saudi in commercial fraud case    King, Crown Prince congratulate President of Malawi on Republic Day    India bans service charge at hotels and restaurants    Michael Sheen: I broke down hearing stories of Welsh children in care    Monsoon rains lash Pakistan; 6 killed    UK cinemas ban teens in suits over #gentleminions trend    KSrelief's Masam Project Dismantles 1,143 Mines in Yemen during One Week    France announces enhanced fee structure for streamed music    Zhou conscious after crash halts British Grand Prix    Al-Madinah Municipality: Establishing and Operating New Platforms for Charging Electric Cars in Al-Madinah Al-Munawwarah    Saudi National Squash Team Begins its Training Camp in Cairo    Saudia to Operate Weekly Flights to Barcelona in Cooperation with the Air Connectivity Program    Saudi Arabia Re-elected as Member of the Customs Policies and Financial Committees of the World Customs Organization    Semi-automated offside technology approved by FIFA for 2022 World Cup    Saudia Celebrates Launch of Seasonal Route From Riyadh to Mykonos    Saudi National Basketball Team Beats Indonesia in World Cup Qualifiers    Red Sea Fund Opens Its Third Cycle for Production Funding    SFDA Warns Against Herbal Product "Montalin Jamu" Due to Containing Active Medicinal Ingredients    Al-Hilal lifts MBS League title for 3rd time in a row, beating Al-Faisaly    Morocco and Iraq to the finals of Arab Futsal in Dammam on Tuesday    Saudi US Joint Exhibition on Photography Concludes in Tabuk    Makkah Municipality offers animal sacrifices permitting service through Baladi platform    First Saudi-American Joint Exhibition of Photography held in Tabuk Region    FIFA Accredits Saudi Football Association Among Expert Federations in VAR Tech    Samrat Prithviraj: Why did a Bollywood film on a popular Hindu king fail?    Saudi Council of Senior Scholars slams Indian ruling party leader's remarks against Prophet    Drug charges dropped against Shah Rukh Khan's son    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    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    

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

Having the right talent key for businesses to compete, says Brahim Laaidi
Published in The Saudi Gazette on 25 - 05 - 2022

Having the right talent is the key for businesses to compete in this modern technological driven environment, says Brahim Laaidi, a partner at Bain & Company based in their Middle East office. Laaidi, who works in technology and digital transformation with senior clients in industries including financial services, retail, telco and the public sector, expounds that businesses need to identify and retain talent while elaborating on regional challenges that big tech companies are facing.
Laaidi, who helps clients orchestrate company-wide transformation to achieve the next stage of digital and technology strategy, organization and talent, said, "With software and technology becoming mission-critical for businesses throughout the economy, CEOs in every industry are recognizing that their ability to compete comes down to one thing — having the right talent."
Busting effectively the myths around cloud transformation, Laaidi, while speaking to Saudi Gazette, stated that cloud provides a break from the past, enables the rapid creation and removal of application environments and is based on modern technology and is inherently more stable than many legacy platforms used by enterprises today. Here are the excerpts:
Q. What are some of the myths around cloud transformation?
Cloud adoption is a complex undertaking and there are many 'pitfalls' that enterprises can encounter during their journey. However, through my interactions with some clients, we still come across misconceptions. Some of the most notable ones include:
* Cloud is not secure: Nowadays, the cloud provides a 'break from the past' and a better way of protecting data when compared to 'on-premise'
* Cloud is expensive: the full potential is typically a 30-50% reduction in hosting run-rate costs, which can equate to tens of millions of dollars annually (for medium to large size enterprises). In addition, the benefits beyond cost reductions are important to consider in the business case
* Cloud is less agile than 'on-premise': Cloud enables the rapid creation and removal of application environments. Developers can self-sustain as needed when cloud provisioning is combined with environment builds, significantly improving productivity
* Cloud is less stable than 'on-premise': Cloud is based on modern technology and is inherently more stable than many legacy platforms used by enterprises today.
Although these myths are still persistent, the overall sentiment is currently shifting towards acceptance, with considerable improvement in GCC countries.
Q. What are some of the regional challenges that big tech companies are facing (in M&A and otherwise)?
With software and technology becoming mission-critical for businesses throughout the economy, CEOs in every industry are recognizing that their ability to compete comes down to one thing: having the right talent.
As a result, the fight for tech talent is getting fiercer and spreading into new fronts as demand for crucial roles skyrockets.
This expanding talent crunch encompasses more than just the well-documented need for data scientists, software engineers, and other technical roles (see Figure below).
While the scope of in-demand tech roles is widening, there are also more companies vying for them. It is no longer just tech companies competing against one another; other industries have jumped into the race as well. In 2019, before the Covid-19 pandemic temporarily disrupted hiring for most companies, more than 40% of software engineer and developer hires were made by non-tech companies, up from about a third in 2010, according to analysis of US data using Bain's AuraSM talent platform (see Figure below).
Many companies are struggling to compete for top talent because the largest technology companies such as the US hyperscalers – Alphabet, Amazon, Apple, Facebook, and Microsoft and other tech start-ups are absorbing top flight candidates at unprecedented rates. Now, it's becoming clear that the competition for tech talent is not simply a resourcing problem, but it's about survival.
Q. What are the top 3 technology trends that we could expect to stand out regionally?
As a result of faster computation, following Moore's Law, which is still delivering exponential improvements, albeit at a slower pace, there is an increasing number of breakthroughs and technology applicability across industries. The list of disruptive trends that matter the most to executives is quite extensive in domains such as cloud computing, AI, Blockchain, process automation, and to a lesser extent in quantum computing, zero trust architecture and the metaverse. These stand out, with more of a disruptive impact in the short to medium term.
* Cloud computing: Computing, networking, and storage migrate to the Edge, all enabled by 5G and the data center of the future
* Applied AI: Pervasiveness is growing beyond the hyperscalers for a variety of use cases. It is being productized with tools, frameworks and services: Vision, natural language processing, recommendation engines, intelligent search, and the like
* Blockchain: Becoming useful and varies from internal projects to new products offered to clients. For example, Salesforce introduces the first low-code blockchain platform for CRM, and Samsung SDS launches the supply chain and logistics traceability platform, Cello
Q. What are some of the big tech M&A benefits?
Given the size, complexity, and profitability of big tech, scrutiny of their behavior is inevitable. That said, much of the recent attention is focused more on the fear of a potential abuse of market power rather than on a fact-based review of the M&A track record.
When the facts are reviewed, most big tech M&A spending benefits consumers and does not hamper competition. That's according to Bain & Company's analysis of all $300 million-plus acquisitions, totaling more than $150 billion from 2005 to 2020 by the five US hyperscalers: Alphabet, Amazon, Apple, Facebook, and Microsoft. We found that 72% of US hyperscalers' M&A spending since 2005 created value for consumers. Competitive intensity and investment pace also increased after most of those deals. In summary, most big tech acquisitions end up benefiting consumers in at least one of three ways, according to our research.
* Scaling up disruptive, low-cost ideas often results in lower prices for the end customer
* The scale of big tech companies can also allow more people to access innovative concepts
* Tech acquirers frequently accelerate purchased companies' pace of innovation by providing resources and breathing room to keep experimenting
Of course, not every hyperscaler M&A deal benefits consumers and competition. In most of these cases where consumer value and competition were harmed, the acquired company was ultimately shut down after a decline in market share and/or profitability, thereby reducing competition.
Q. How can companies tame the complexity of merging their on-premise and multi-cloud computing environments?
The adoption of 'on-premise' with multi-cloud environments is on the rise, but a full transition is not on the horizon. We have noticed that this is driving a need for an interoperable 'hybrid' model. In a recent Bain & Company survey with CIOs, ~75% believe interoperability is and will be extremely or very important. At Bain & Company, we distinguish three broad categories:
* Ubiquitous IT: Fully on-premise infrastructure (may have SaaS) or full single public cloud
* Hybrid IT: Meaningful presence of multiple environments, largely operated in silos with limited interoperability (e.g., ~40% on Azure, ~60% on-prem across virtualized, high-performance computing PC, and private cloud and some edge with less than 10% workload interoperable across environments)
* True Hybrid: Meaningful presence of multiple environments that are interoperable / managed consistently (e.g., ~40% on Azure, ~60% on-premise across virtualized, high-performance computing and private cloud, some edge... ~50% workloads interoperable across environments)
The key hybrid challenges such as integration complexity and data location proliferation are addressed by multiple solutions in the stack, including container management and analytical data storage, which are compelling battlegrounds where software vendors continue to challenge AWS, Azure and GCP.
Q. Based on Bain's analysis of companies worldwide adopting cloud technology and platform business models, what are the most successful brands doing differently?
On the buy-side, there is a myriad of customer segments: insurgents, born in the cloud (e.g. fintech), strategic digitizers (true hybrid adoption, e.g. Netflix), and slow and steady (in process of digital transformation, e.g. Coca Cola). Despite cloud barriers such as data privacy, security concerns, incompatibility with legacy IT, and lack of technical resources, CIOs are optimistic about the expected shift to a public cloud. Successful cloud transformations do have a few characteristics in common:
* Increasing use of the hybrid cloud, which is likely to see the highest adoption as companies invest in modernization and customer experience efforts
* On-premise will remain sticky due to customer data residency, security concerns, and the complexity of remaining legacy workloads, especially custom-built core systems with upstream/downstream interdependencies
* Many CIOs want to avoid lock-in with a single Cloud Provider but around 70% of companies use one today, given talent scarcity and proliferation of applications
* Focus on speed, flexibility and scalability continue to increase in importance as drivers of cloud adoption; the importance of lower total cost of ownership with the cloud has decreased, demonstrating that the shift to a public cloud is driven more so by business performance needs than by savings
* An incremental wave-based migration is required based on workload disposition practicalities and assessment
* When it comes to economics, it is difficult to make a business case on public cloud migration and ROI is very dependent on strategic focus (cost reduction vs. modernization). On average, it is usually a 3 to 5-year journey.
Overall, the pandemic has been a catalyst to add more use of technology and embedded AI, and for companies to capture our attention as mobile devices and other connected objects become the primary channels for everything we do.
Alongside this transformation, the computing power required by AI has been increasing, and in turn, cloud computing, AI, Blockchain, and a series of emerging technologies will keep growing at an unprecedented level.

Clic here to read the story from its source.