https://adgully.me/post/3587/softbank-launches-major-iot-expansion-in-apac-with-1nce-partnership

SoftBank Launches Major IoT Expansion in APAC With 1NCE Partnership

SoftBank Corp. has unveiled plans to launch a comprehensive expansion of its global IoT business in the Asia-Pacific (APAC) region starting in October 2023. This expansion will encompass 19 countries and regions, including Japan. SoftBank's primary focus in this initiative will be the promotion of IoT services, particularly the "1NCE IoT Flat Rate" offered by German company 1NCE GmbH, targeting enterprise customers. The telecom giant aims to secure a total of 2 million 1NCE IoT Flat Rate connections across APAC and other regions by the end of the 2025 fiscal year, which concludes on March 31, 2026.As part of its "Beyond Carrier" growth strategy, SoftBank is diversifying beyond its core telecommunications business and is actively driving digital transformation (DX) in various industry sectors. Within the IoT domain, SoftBank made an equity investment in 1NCE GmbH in April 2022 and secured an exclusive agreement to market the 1NCE IoT Flat Rate in 19 APAC markets. The 1NCE IoT Flat Rate offers highly cost-effective global IoT connectivity, allowing customers to roam on 1NCE's extensive global network spanning over 160 countries and regions at no additional cost. This service has gained traction among enterprise customers, including Japanese companies like Pocketalk Corporation.While SoftBank initially focused on promoting the 1NCE IoT Flat Rate within Japan, it is now broadening its reach to include 19 countries and regions in APAC, intensifying its global IoT business efforts. The company will bolster its IoT salesforce by quadrupling its team, launch a dedicated online IoT shop in partnership with 1NCE, and enhance advertising and marketing campaigns across the region. In addition, SoftBank will leverage its IoT platform to propose solutions related to smart meters and work towards further expanding its global IoT business presence.SoftBank is committed to building a comprehensive support framework to address the challenges faced by various industries in different countries and regions. The expansion of its global IoT business, starting with the APAC region, aligns with SoftBank's broader "Beyond Japan" initiative aimed at expanding its global presence.Daichi Nozaki, Senior Vice President overseeing the global business at SoftBank Corp., expressed enthusiasm about the comprehensive expansion of the company's IoT business in the APAC region. Nozaki stated, "We’re extremely pleased to be able to fully expand our IoT business in the APAC region. While we’ve been providing IoT services primarily in Japan and contributing to the DX of various industries there, going forward we’ll collaborate with strong business partners like 1NCE and leverage our expertise gained in the Japan market to fully establish ourselves in APAC. Doing this, we’ll work to contribute to the digitalization of the entire region and solve social issues."
https://adgully.me/post/3577/dubai-chambers-reveals-four-key-pillars-shaping-agenda-at-dubai-business-forum

Dubai Chambers reveals four key pillars shaping agenda at Dubai Business Forum

Dubai: Dubai Chambers has announced details of the Dubai Business Forum’s key thematic pillars ahead of the eagerly anticipated event, which will bring the global business community together at Madinat Jumeirah from 1-2 November for two days of insightful discussions, networking, and dealmaking.Hosted under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the forum will be held under the theme ‘Shifting Economic Power: Dubai and the Future of Global Trade.’Dubai Chambers has identified four key pillars that will form the basis of the event’s far-reaching agenda: Globalisation, Foreign Direct Investment, Digital Transformation, and Emerging Markets. Each of the forum’s sessions will be categorised under these verticals, ensuring participants are able to easily identify and attend the sessions that are most relevant to their individual areas of interest and expertise.Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “Our carefully curated agenda is designed to ensure participants maximise their time together by focusing on topics that will play a fundamental role in transforming business for the future. This innovative event will unite key public and private sector stakeholders from across the globe to engage in networking opportunities, explore new partnerships, and forge significant deals.”Lootah added: “The forum is envisioned as a unique platform to explore pressing global issues in depth, enabling the business community to take proactive steps to shape a future where business can thrive in an ever-evolving economic landscape.”No international business forum would be complete without addressing Globalisation, which has reshaped the business environment to create both opportunities and challenges. Businesses that effectively navigate the complexities of global markets can expand their reach, boost profitability, and access valuable resources. However, these advantages come with a need to address the unique challenges that come with operating on a global scale, all of which will be placed under the spotlight during the Dubai Business Forum.While Dubai continues to attract record-breaking amounts of Foreign Direct Investment (FDI), ongoing geopolitical issues, rising food and energy prices, and other economic pressures are impacting levels of FDI on a global scale. These trends require concerted efforts if they are to be addressed effectively. This is particularly true in the case of developing nations, with emerging markets poised to play a vital role in driving investments in priority sectors. The Dubai Business Forum creates a unique opportunity for participants to hear more about what the future holds for FDI from heads of state, policymakers, and leading financial experts.The crucial topic of Digital Transformation will also be examined during the forum. Advanced digital technologies are contributing to the growth of business, trade, and investments by automating processes, reducing waste, and optimising supply chain management. The forum’s Digital Transformation pillar will bring together thought leaders, innovators, and policymakers for a deep dive into the implications of emerging technologies and their impact on the global business community.It is widely predicted that Emerging Markets will represent six of the world’s seven largest economies by 2050. As these important markets further enhance their capabilities, they will grow to form an integral part of the global economy. The Dubai Business Forum will explore effective strategies to embrace this shifting world order and do business with emerging markets.The inaugural edition of the Dubai Business Forum builds on the success of Dubai Chambers’ series of ‘Global Business Forum’ events and is set to play a key role in contributing to the ambitious targets outlined in the Dubai Economic Agenda (D33), which seeks to double the size of the emirate’s economy over the coming decade.The event creates a unique platform for influential international figures from the public and private sectors to gather, identify emerging trends, and shape a better future for business, further cementing Dubai’s position at the heart of the global economy. Featuring two days of high-level plenary sessions, speeches, talks, workshops, and networking opportunities, the forum will serve as a catalyst to transform business and shape the future of global trade.The Dubai Business Forum will be hosted at Madinat Jumeirah from 1-2 November.
https://adgully.me/post/2252/e-enterprise-bespin-global-jv-to-empower-metap-with-cloud-services

e& Enterprise-Bespin Global JV to empower METAP with cloud services

Dubai: e& Enterprise has announced the successful formation of a joint venture (JV) with Bespin Global, known as "Bespin Global MEA." The JV officially commenced operations on May 25, 2023, offering public cloud managed and professional services in the Middle East, Turkey, Africa, and Pakistan (METAP) region.Under the terms of the agreement, e& Enterprise owns a majority stake of 65% in the joint venture, while Bespin Global holds a 35% ownership share. The formation of Bespin Global MEA marks an important milestone for both companies, solidifying their commitment to expanding their presence in the METAP market.In addition to the establishment of the JV, e& Enterprise has made a significant investment of USD 60 million in Bespin Global. This strategic investment has resulted in e& Enterprise acquiring a stake of approximately 10% in Bespin Global, strengthening the partnership between the two organisations.As of May 2023, the joint venture will be accounted for as a subsidiary of e& Enterprise. This integration allows for closer collaboration and synergy between e& Enterprise and Bespin Global, facilitating the delivery of enhanced cloud services and technology solutions to clients in the METAP region.With its expertise in cloud technology and digital transformation solutions, e& Enterprise is well-positioned to support the growth and development of Bespin Global MEA. The joint venture will leverage the combined strengths of both companies to provide comprehensive and tailored public cloud managed and professional services, catering to the unique requirements of businesses operating in the METAP region.By joining forces, e& Enterprise and Bespin Global aim to drive innovation, accelerate digital transformation, and empower organizations in the Middle East, Turkey, Africa, and Pakistan. The partnership reflects their shared vision of delivering exceptional cloud services and creating long-term value for customers across various industries.Photo by charlesdeluvio on Unsplash
https://adgully.me/post/2084/clara-secures-investment-from-global-innovation-platform-plug-and-play

Clara secures investment from global innovation platform Plug and Play

Dubai: Plug and Play, Silicon Valley’s largest global innovation platform, has announced a new partnership and investment in Clara, the legal operating system that empowers tech founders to digitally form, manage, and scale their startups.Clara enables startups to concentrate on developing their businesses rather than becoming mired in legal paperwork. The company’s category-creating legal operating system digitizes and automates legal tasks for founders, including digital company formations, cap table and data room management, and automated legal document generation (covering SAFEs, ESOPs, and more), all supported by the platform’s predictive educational function.Launched in 2006, Plug and Play is a leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, with 50+ locations across five continents, Plug and Play leverages accelerator programs and corporate innovation programs to assist corporate and government entities in every stage of their innovation journey, from education to execution. With the largest tech startup scale-up network and an independent in-house venture capital arm driving innovation across multiple industries, Plug and Play has invested in hundreds of successful companies, including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi.Commenting on the announcement, Patrick Rogers, Co-Founder and CEO of Clara said: “We're thrilled to welcome Plug and Play as an investor and a partner. Plug and Play is the world’s largest global innovation platform, supporting more than 15,000 startups per year, across its 60+ accelerator programs. It’s also one of the most active investors in the world, investing in early-stage companies globally. This investment demonstrates Plug and Play’s belief that the Clara platform can be of tremendous support to the thousands of startups it supports each year.”With over 4,000 global startups having created profiles on Clara to date, startup founders within the Plug and Play ecosystem will now gain preferential access to Clara’s range of products and tailored educational support that Clara and Plug and Play will co-design.“Clara is helping thousands of founders navigate the complex world of startup law in a way that has not been done before”, said Carolin Wais, Partner at Plug and Play. “We are excited about our investment in Clara – a company that we believe is building a category-creating product that is proving to be of immense value to startups – and the investors who support them.”Rogers added, “Plug and Play’s global reach and deep understanding of the issues startups face in navigating hurdles such as company formation and cap table management make them an incredible partner for us – particularly in the context of Clara’s increasing global reach”.Commenting on the announcement, Henrik Bærentsen, Director of Plug and Play Saudi Arabia, said, " We are truly excited and proud to be a part of Clara's remarkable journey. Clara's exceptional team and their outstanding service have truly impressed us. We have had the privilege of collaborating with Clara in various of our innovation programs, providing invaluable support to startups within the Kingdom. Now, we are eager to expand this collaboration on a regional and global scale, demonstrating our unwavering commitment to Clara as our newest portfolio company.Henrik added, "This investment exemplifies our continued dedication to investing in the best startups across the kingdom and the region. As one of the world's most active and successful early-stage tech investors, we are fully committed to fostering the Kingdom's entrepreneurial ecosystem. We believe in empowering aspiring entrepreneurs and top talents, enabling them to drive the digital transformation that aligns with the ambitious goals outlined in Vision 2030. Together with Clara, we will continue to make a significant impact, support the growth and success of startups in the region."
https://adgully.me/post/2072/66-of-uae-organisations-report-data-breaches-in-2022

66% of UAE organisations report data breaches in 2022

Dubai: Infoblox Inc., a company that offers a cloud-enabled networking and security platform, released its 2023 Global State of Cybersecurity Report. According to the report, 66% of organizations in the UAE have experienced one or more data breaches in the past year, which is a worrying trend. The report highlights several security and networking trends that urge the cybersecurity industry to follow its lead in unifying networking and security teams. Mohammed Al-Moneer, Regional Sr. Director, META at Infoblox commented that respondents in the UAE continue to face challenges in securing remote employee and corporate-owned devices, networks and endpoints. Most of them fear data leaks and cloud attacks and do not believe they have a firm grip on the insider threat. The report presents various findings, such as the prevalent security controls and attack methods, the estimated average value of losses suffered by UAE organizations and the top anticipated challenges in protecting against attacks.Findings from the 2022 study among UAE respondents reveal the following trends:   Since the COVID-19 pandemic began, many UAE organizations fast-tracked digital transformations to support remote workers (61%), boosted support for customer portals to support their workforces or customers (46%), and focused network and security controls on the edge - such as SASE, secure access service edge (44%).   In the past year, a large share of UAE organizations added remote employee- and corporate-owned mobile devices (59%) and cloud-managed DDI (DNS-DHCP-IPAM) servers (59%) to protect their networks while managing the proliferation and associated security risks from more remote devices on the network. Also, 55% added smart kiosks or similar devices to support remote customers or clients.   In the next 12 months, UAE respondents said their organization will be most concerned about data leakage (48%), cloud attacks (40%) as well as attacks through networked IoT (29%).   UAE respondents believe their organization is least prepared to defend their organization’s networks against insider threats (15%), direct attacks through cloud services (13%), data leakage (13%), as well as ransomware, supply chain/third-party attacks and attacks through networked IoT, which were mentioned by 11% each. They did not seem confident in workers’ or suppliers’ ability to maintain high security standards, especially with organizations transitioning from on-premises to cloud services.   On average, UAE organizations detected more issues resulting from email/phishing attacks compared to any other type. Respondents estimated their organization detected issues resulting from roughly 27 email/phishing attacks in the past 12 months, as well as 17 ransomware attacks, 15 network attacks, 15 device/ endpoint attacks, 14 application attacks and 14 cloud attacks in the same period.   Two-thirds (66%) of UAE respondents reported one or more breaches to their organization from cyberattacks—most originating from Wi- Fi access points as a result of a remote workforce (41%), third-party and/or supply chain providers (39%), IoT devices or networks (38%) and cloud infrastructure or applications (36%).   Phishing was the most common attack method against organizations that were breached, accounting for 62% of attack methods in the past year, followed by advanced threats (APTs) (53%) and ransomware (51%).   Collectively, the estimated average value of UAE organizational losses— including direct and indirect financial losses as well as reputational harm and remediation expenses—resulting from those breached in the past year was roughly 8 million UAE dirham (USD $2.2 million). Organizations that were victims of breaches mostly experienced system outages or downtime (49%), data lockouts due to ransomware (41%) and other malware infections (39%) or data manipulation (38%).   UAE organizations used a variety of controls to protect their networked assets in on-premises, cloud-based and hybrid (on-premises and cloud-based) environments. The most prevalent are VPN/access controls (29%) for on-premises; DNS security (48%) and cloud access security brokers, data encryption and secure provisioning and deprovisioning (44% each) for cloud-based environments.   On average, most organizations (69%) take up to 24 hours to investigate a threat, with many relying on third-party threat intelligence platforms or services. To aid their investigations or threat hunts, security teams mostly rely on vulnerability information (44%), DNS queries and response (43%), open-source intelligence (39%) and network flow data (38%).   The Domain Name System (DNS) provides various security measures to protect organizations and is a key component in virtually all organizations’ security strategies. Respondents reported their organization most typically uses DNS in its strategy to help with the following: protecting against threats like DNS tunneling, data exfiltration and domain generating algorithms that other security tools might miss (61%); helping detect malware activity earlier in the kill chain (57%); blocking known bad destination requests to reduce the burden on perimeter defenses (55%); and informing them of devices making requests to connect to malicious destinations (51%).   The top anticipated challenges in protecting against attacks relate to the ability to monitor remote worker access (38%), respond to alerts (31%), shortage of IT security skills (30%) and deal with limited budgets (35%).   A majority (62%) of UAE organizations indicated their IT security budgets increased in 2022, and 72% said they expected bigger security budgets in 2023 to combat known and new threats.   The most popular planned technology purchases include network traffic monitoring/network detection and response (NDR) and threat intelligence (50% each) for hybrid environments; data loss protection, cloud access security brokers (CASBs) and DNS security (39% each) for cloud-based systems; secure provisioning and deprovisioning (27%), VPN/access controls (25%) and endpoint detection and response (24%) for on-premises protection.
https://adgully.me/post/2071/ifs-names-jamal-alamer-as-mena-regional-sales-director

IFS Names Jamal Alamer as MENA Regional Sales Director

Dubai, United Arab Emirates: IFS, the global cloud enterprise software company announced the appointment of Jamal Alamer as the new Regional Sales Director for the MENA region. A highly accomplished professional, his exceptional leadership and skills will be a driving force to position IFS in the digital transformation market with its cutting-edge solutions that meet the evolving customer needs.Speaking on the appointment, Mehmood Khan, Managing Director Middle East and North Africa at IFS, said, “The region has been witnessing tremendous opportunities and growth. The timely appointment of Jamal Alamer will help us deliver strong customer experiences and success. We believe that IFS will be able to sustain its growth and establish itself as a key player in the digital transformation industry.” As Regional Sales Director, Jamal will support IFS’s growth objectives through the development and execution of the company’s go-to-market strategy in the sales teams to a range of industries, including Oil & Gas, Utilities, Telecommunications, Aerospace & Defence, Marine, Manufacturing and Engineering & Construction.“IFS has a strong market reputation and an innovative product portfolio. This is solidified by the commitment to customer success and this has been a catalyst for joining the company. Understanding the organization’s culture, operations and strategic objectives are key to my role, and will help in developing plans to implement effective sales strategies to drive revenue growth and expand IFS’s market share in the digital transformation space,” said Jamal Alamer as the new Regional Sales Director, MENA.Prior to this, Jamal held positions in AVEVA and Bentley Systems, where he honed his skills in developing and implementing solutions that drive business growth and improve operational efficiency. Throughout his career, he has been instrumental in pushing the adoption of the latest technologies, with a particular focus on AI, Machine Learning, Cloud Solutions, Asset & Service Management, APM, EPC 4.0, BIM, and Digital Transformation. He holds a bachelor’s degree in computer engineering and is a certified Product Management Professional (PMP).
https://adgully.me/post/1965/e-reports-consolidated-revenue-of-aed-130bln-in-q1-2023

e& reports consolidated revenue of AED 13.0bln in Q1 2023

Dubai: e&’s consolidated revenues reached AED 13.0 billion. At constant exchange rates, revenue increased by 6.6 per cent. Consolidated net profit recorded AED 2.2 billion while consolidated EBITDA reached AED 6.2 billion, resulting in an EBITDA margin of 48 per cent.In the UAE etisalat by e& recorded 13.9 million subscribers an increase of 6 per cent compared to the same period of last year, The Group’s aggregate subscribers reached 164 million, a YoY increase of 3 per cent.The Group's focus on expanding its digital offering and launching innovative new solutions and partnerships with leading technology companies around the world as part of its drive to become a global technology player has driven business growth.Through a series of prudent mergers and acquisitions, e& is strengthening its position focused on delivering innovative solutions and driving digital transformation.The financial performance in Q1 2023 further strengthened e &'s global position as the most valuable telecoms brand portfolio in the Middle East and Africa, according to 2023 Brand Finance, while the Group's largest telecoms brand, etisalat by e&, continued to deliver outstanding innovative services as one of the three top telecoms brands in the world, and retained its position as the strongest telecom brand across all categories in the MEA region.Hatem Dowidar, Group CEO, e&, said: "The Group’s performance in the first quarter indicates growth in the number of subscribers, revenues, and profits in local currencies, but was impacted by the strong fluctuations in the currency exchange rate within the Egyptian and Pakistani markets. This growth can be attributed to the Group's flexibility and efforts to provide innovative business solutions and the latest technologies to the communities we serve. Furthermore, the Group has succeeded in building unique digital experiences supported by strategic investments, to enhance our business portfolio.“etisalat by e& Egypt and PTCL in Pakistan successfully achieved their strategic goals by enhancing their customers' digital experience while achieving growth based on local currency revenues, the strong fluctuations in the exchange rates of the Egyptian pound and the Pakistani rupee, coupled with the unprecedentedly high inflation rates in the two markets, have negatively impacted revenues and profits reported in AED. As a result, these effects were evident in the Group's consolidated results."With a vision to create a more progressive business model, we have continued to explore new avenues, expand our offerings and forge new partnerships. Our recent investment in Careem's Super App is another strategic step in our transformation into a global technology group by bringing more digital services into our customers’ daily lives.“We will continue to explore future technologies and develop new verticals that will accelerate digital transformation, positively impacting businesses and people’s lives while maximising value creation for our shareholders."Key operational highlights and developments for Q1 2023e&The Group recently signed a binding agreement with Uber Technologies, Inc ("Uber") and its subsidiary Careem to acquire a majority stake in Careem's Super App spinout with an investment of $400 million, as part of e&'s strategic ambition to expand its digital consumer offering and accelerate its transformation into a global technology and investment group.e& has successfully completed the acquisition of ServiceMarket, expanding the range of digital services on the Smiles online marketplace and offering more everyday services to its customers. It has further strengthened its global positioning this year, being recognised as the most valuable telecoms brand portfolio in the MEA region, worth over $14 billion, according to the 2023 Brand Finance Global 500 Report.e& has taken further steps in the use of cutting-edge technologies by partnering with E-Space to develop satellite-based cloud-native digital and IoT solutions optimised with edge AI to maximise the value of borderless smart connectivity and digital solutions across land, sea, and air applications.The Group has also partnered with Intel to focus on the deployment of edge data centres with a focus on a net zero carbon footprint, incorporating the latest 4th generation Intel Xeon Scalable processors.In addition, e& also announced its intention to integrate Microsoft Azure OpenAI GPT into its internal operations and processes, as well as a potential service to improve the customer experience and support the media industry in its daily tasks. etisalat by e&The telecoms arm of e& maintained its position as the strongest telecoms brand in any category in the MEA region this year, achieving a score of 89.1 out of 100 and an AAA rating. It was also ranked in the top three telecoms brands globally according to the 2023 Brand Finance Global 500 report.Embracing digital experiences and cutting-edge solutions, etisalat by e& teamed up with Samsung to extend the existing partnership beyond smart devices and collaborated with Huawei to successfully deploy and test the 5G Portable Private Network MEC (Multi-access Edge Computing) functionality.etisalat by e& also announced the implementation of the first 5G SatComs in the region with the EUTELSAT QUANTUM satellite solution to extend 5G network capabilities on a software-defined satellite and to meet future applications that require higher throughput.To provide the best innovative solutions, etisalat by e& opened a new Mobile Security Operation Centre (MSOC) in collaboration with the UAE Cybersecurity Council to provide business customers with real-time protection services to safeguard mobile phones from malicious attacks. etisalat by e& also deployed the private Microsoft Azure Multi-access Edge Compute (MEC) solution for enterprises as one of the first operators in the MENA region.e& internationale& international continued to drive its portfolio of telecom and digital assets while focusing on higher resilience in a challenging macro-economic environment. This included an acute focus on adapting existing business parameters to new realities, as well as, focusing on diversification of the product portfolio in order to generate new digital revenue streams, and maintaining leadership in customer experience.e& international OpCos continued to relentlessly improve their customer experience and most achieved number one position in their markets in the quarter. It also launched the ‘e& partner networks’ to support the growth of global telecom operators, offering access to market best practices, cutting-edge services, and the benefits of e&'s scale to telecom operators around the world.Tunisie Telecom became the first company to join the ‘e& partner network’ programme, supporting the future growth of the Tunisian national operator.etisalat by e& in Egypt partnered with the Sovereign Fund of Egypt (TSFE) to launch a new fintech company, ‘Erada Microfinance’ with the aim of enabling a wide range of financial services for micro and small enterprises. In line with e&’s aim to enable a greener future, it deployed a Smart Connected Site solution, which will allow e&’s subsidiary in Egypt to reduce fuel costs and CO2 emissions by up to 40 per cent as well as decrease reliance on fossil fuels.PTCL and Vodafone have initiated a strategic collaboration to develop and deliver a full suite of end-to-end IoT services aimed towards accelerating enterprise digital enablement and improving the adoption of connected services in Pakistan.e& lifee& life made more innovative solutions and services available to its customers to help them in their daily lives. Its fintech arm and financial Super App e& money partnered with Mastercard to enable payments worldwide via an exclusive prepaid card, offering the flexibility and convenience of using both virtual and physical cards, and becoming the first issuer supported by a telecom operator in the UAE.evision, the media and entertainment arm of e&, has launched the 24/7 GolfLife channel to broadcast live golf in the region and has acquired exclusive MENA rights to the PGA TOUR, the DP World Tour, the Ryder Cup, the Presidents Cup, and cricket's most anticipated event, the TATA Indian Premier League 2023. evision successfully launched OTT platforms in Pakistan with SHOQ TV for PTCL and TWIST TV for Etisalat Egypt by e&. evision also secured a strategic agreement for StarzPlay and e& OpCos with WATCH IT, a leading video-on-demand for Arabic content.e& enterpriseLeading the digital transformation journey across the business sector, e& enterprise has achieved remarkable milestones by going the extra mile to deliver the best technologies that empower businesses across the region.The company has launched its Sustainability As-a-Service offering to help businesses in their sustainability journey by partnering with Microsoft to implement the Microsoft Sustainability Manager as a key component of the proposition.Help AG, the cybersecurity arm of e& enterprise, launched its new SaaS platform UNIFY to integrate with the ever-evolving cybersecurity technology landscape and deliver a seamless, unified customer experience.e& enterprise IoT & AI joined hands with Mohammed Bin Rashid Space Centre (MBRSC) with an aim to explore the opportunity to develop a commercial model to take MBRSC’s models and predictions to the market also enabling e& enterprise to leverage the space centre's expertise in AI and predictive models, while the Centre will benefit from the former’s resources and capabilities. e& capitalThe tech investment arm of e& led a pre-series C round raising $10 million for almentor, a leading online video learning platform in Arabic. The proceeds will be used to accelerate almentor’s growth towards its goal of serving ten million learners in the MENA region and use the funds to increase its investment in the B2C segment while expanding into Saudi Arabia.
https://adgully.me/post/1173/annual-spending-on-digital-transformation-across-the-middle-east

Annual Spending on Digital Transformation across the Middle East

Digital transformation investments in the Middle East, Türkiye, and Africa (META) are set to more than double across the 2021–2026 period, according to the latest forecast from International Data Corporation (IDC). The global technology research, consulting, and events firm says that digital transformation spending in the region will accelerate at a compound annual growth rate (CAGR) of 16% over the five-year period, topping $74 billion in 2026 and accounting for 43.2% of all ICT investments made that year."For many organizations, the digital and tech investments they made during the pandemic to build resilience could be put to test in 2023 across key business dimensions such as customer experience, operations, and financial management, among others," says Jyoti Lalchandani, IDC's group vice president and regional managing director for the META region. "The implementation of further digitalization in critical areas and a more rapid shift to a 'digital business' approach will be key to separating the thrivers from the survivors."No matter what the economy throws at us over the coming 12 months, organizations must not lose sight of their digital aspirations. The focus should be on enabling clear and measurable outcomes, and digital spending needs to transition from building to scaling. Indeed, IDC predicts that by 2027, at least 30% of the C-suite's focus will be on scaling innovation and operating a truly digital business. Automation will sit at the heart of this process, helping to reduce the cost of IT operations, address labor shortages, and increase the velocity of innovation."Globally, IDC expects spending on digital technology by organizations to grow at eight times the economy in 2023, establishing a foundation for organizations to drive operational excellence, competitive differentiation, and long-term growth. IDC will expand on these insights as it hosts the META region's most influential technology vendors, telecommunications operators, and IT service providers at IDC Directions 2023 Middle East, Türkiye & Africa.Taking place on February 1 at The Ritz-Carlton, Dubai International Financial Centre, this in-person event will address the theme 'Navigating Disruption in the Age of Digital Business'. It will examine the very latest digital acceleration trends shaping end-user investment priorities across the region, providing essential guidance to the region's foremost ICT vendors on proven best practices for transforming themselves into new-age digital partners for their customers.To learn more about IDC Directions 2023 Middle East, Türkiye & Africa, please contact Sheila Manek at smanek@idc.com   or on +971 4 446 3154. You can also join the conversation on social media using the hashtag #IDCDirectionsMETA.
https://adgully.me/post/1101/new-idc-study-examines-the-critical-role-of-ai-in-sas-digital-transformation

New IDC study examines the critical role of AI in SA's digital transformation

Saudi Arabia is on the cusp of an artificial intelligence (AI) revolution. AI is at the core of the Kingdom's massive economic transformation programs, including ambitious futuristic infrastructure projects. Organizations across both the public and private sectors are increasingly embracing AI, with International Data Corporation (IDC) expecting adoption of the technology to grow massively over the coming years.The Saudi Data and Artificial Intelligence Authority (SDAIA) has been at the forefront of promoting AI adoption across the Kingdom and is contributing immensely toward fostering an environment for the development of a comprehensive AI ecosystem. With this critical goal in mind, the SDAIA organized the landmark second edition of the Global AI Summit in September this year. Hosted in Riyadh, the summit showcased Saudi Arabia's promising plans to become an international hotbed for AI adoption and development.With AI taking center stage in the rapidly evolving technological landscape of Saudi Arabia, IDC has undertaken a comprehensive study — titled 'Artificial Intelligence: The DNA of Saudi Arabia's Transformation' — in strategic partnership with the SDAIA to capture the current state of AI in the country. Launched at today's IDC Saudi Arabia Government Congress 2022, which hosted more than 100 of the Kingdom's most influential IT and digital leaders, the study begins by examining latest global developments in the AI arena, with a focus on the following elements:The history of AI, its key components, the importance of data, and key use casesNational AI initiatives undertaken by key global economies, global AI spending, and the significant benefits derived by economies, industries, and societiesGlobal AI best practices, international regulatory legislation, and the policy environment for AI adoption and innovationThe report then presents an extensive exploration into the following aspects of Saudi Arabia's evolving AI landscape:The role of AI in the Saudi Vision 2030 initiativeThe key trends shaping the Kingdom's AI landscape, AI ecosystem development, AI skills development, and stakeholder engagementsThe impact of AI in Saudi Arabia and commentary on essential use casesThe role of legislation, regulations, policies, and initiatives in shaping AI development across the countryThe barriers and challenges to AI adoption in the KingdomThe future outlook for AI in Saudi Arabia  "AI is humanity's next giant leap, and Saudi Arabia has done well to appreciated its importance early on," says Hamza Naqshbandi, IDC's associate vice president for Saudi Arabia and Bahrain. "The Saudi government has made significant advancements in digitally transforming itself by effectively utilizing innovative and emerging technologies to deliver upon key business priorities, including citizen experience, digital operations, sustainability, and security. As Saudi Arabia accelerates its drive to become a true digital economy, artificial intelligence capabilities will be embedded into every single digital transformation initiative that is undertaken."Commenting on the importance of AI to Saudi Arabia's future, Majid Ali Al-Shehry, general manager of the SDAIA's Studies Department, says: "Based on our belief that data is the oil of the future, we at the SDAIA, are working to unlock the potential value of data through a value chain that covers all aspects of operation, regulation, and innovation."Sourav Bhanja, IDC's associate vice president for consulting in the Middle East, Turkey, and Africa, says, "Saudi Arabia's national digital transformation goals would benefit greatly from a collaborative effort around AI across government entities, research organizations, local and global enterprises, and emerging start-ups. The key drivers for AI innovation and adoption in the Kingdom will be the need to improve operations through intelligent automation, enhance customer and citizen experiences, manage skills shortages, augment workforce capabilities, and create new digital business models."