NEWS
Business leaders believe they
will struggle to meet changing
customer demands
Ring embarks
on smart
homes
roadshow in
Saudi Arabia
S
audi Arabia is one of the most advanced
countries in the world when it comes to
establishing smart homes.
Recent studies regarding the real estate
market indicated that the Gulf countries in
general and Saudi Arabia in particular are
likely to be the most advanced with respect
to establishing smart homes as a result of
the level of constructional development in
this region.
According to a report by Statista the
revenue in the smart home market amounts
to US$124 million in 2017 with expectation
for it to show an annual growth rate (CAGR
2017-2021) of 42.3% resulting in a market
volume of US$507 million in 2021.
The report further reveals that currently the
household penetration is at 6.1% in 2017
and is expected to hit 24.7% in 2021.
D
ell EMC has revealed the findings of
its recent Dell Technologies Digital
Transformation Index (the DT Index).
The DT Index, completed in collaboration
with Intel, maps the Digital Transformation
progress of mid to large-sized companies,
and examines the digital hopes and fears
of business leaders.
Based on responses from business
leaders in the KSA and UAE, the study
revealed 90% of regional heads of
business believe that their organisation
will struggle to meet changing customer
demands within five years, while 37%
fear they’ll be left behind.
While many organisations are embracing
Digital Transformation, many fail to
even start. With the majority (90%) of
businesses facing major barriers to Digital
Transformation, only 4% of businesses in
10
INTELLIGENTCIO
the UAE and KSA can be categorised as
digital leaders.
Defining the challenges, 87% of
business leaders believe that Digital
Transformation should already be more
widespread throughout the organisation.
Other key challenges are a shortage of in-
house skill sets and expertise (30%) and
a lack of the right technologies to work at
the speed of business (24%).
“We’ve talked about being on the cusp
of tremendous change for some time
now. That’s no longer the case,” said
Mohammed Amin, Senior Vice President,
Middle East, Turkey and Africa, Dell EMC.
Ring, a leader in neighbourhood security,
has embarked on a two-city roadshow in
Riyadh and Jeddah, to promote Ring’s
innovative home security products and
solutions and share insights into the
importance of home security with its
partners in the kingdom.
Mohammad Meraj Hoda, Vice President of
Business Development – Middle East and
Africa at Ring, said: “Ring believes in keeping
homes and communities safe rather than
just comfortable and we hope to change the
way home owners view security by keeping
an eye on their family and property, even
when they can’t.”
“The next digital era has arrived
and it’s reshaping the way we live,
work, and conduct business. Genuine
transformation needs to happen now,
and it needs to be radical.”
www.intelligentcio.com