Intelligent Tech Channels Issue 16 | Page 37

INTELLIGENT DATA CENTRES A majority of leaders in the region 73%, also identified the lack of a digital vision and strategy as a prominent barrier. These were followed by the barriers of technology constraints 61%, time and money 47%, and finally law and regulations 22%. Leaders may be divided in their view of the future and facing barriers to change, but they are united in the need to transform. In fact, the vast majority of businesses believe they will be well on their way to transforming within five years, despite the challenges they face. Likely to achieve within five years in UAE and Saudi Arabia: Mohammed Amin, Senior Vice President META, Dell EMC. Leaders may be divided in their view of the future and facing barriers to change, but they are united in the need to transform. The vast majority of businesses believe they will be well on their way to transforming within five years, despite challenges they face. However, regional opinions are also split by whether the future represents an opportunity or a threat, and torn by the need to mitigate these risks. For instance: Ÿ Ÿ 50% say the more we depend upon technology, the more we will have to lose in the event of a cyber-attack; the other half are not concerned Ÿ Ÿ 58% of business leaders are calling for clear protocols in the event that autonomous machines fail, while 42% abstained Ÿ Ÿ 51% say computers will need to decipher between good and bad commands; 49% do not see a need Given the promise of monumental change – fueled by exponentially increasing data and the applications, processing power and connectivity to harness it – 63% in the region speculate that schools will need to teach how to learn rather than what to learn to prepare students for jobs that do not yet exist. 85% of jobs that will exist globally in 2030 have not been invented yet. This thinking corroborates the previous study’s forecast that 85% of jobs that will exist globally in 2030 have not been invented yet. Furthermore, many businesses are not moving fast enough, and going deep enough, to overcome common barriers to operating as a successful digital business. Only 27% of regional businesses believe they are leading the way, ingraining digital in all they do. Nearly half 45% do not know whether they will be able to compete over the next decade, and the majority 68%, of businesses are struggling to keep-up with the pace of change. The lack of workforce readiness was identified as the leading barrier to becoming a successful digital business in 2030, further emphasising the need for skill development among existing employees and future generations. Ÿ Ÿ Have effective cybersecurity defences in place: 96% Ÿ Ÿ Deliver their product offering as a service: 96% Ÿ Ÿ Complete their transition to a software- defined business: 97% Ÿ Ÿ R&D will drive their organisation forward: 94% Ÿ Ÿ Delivering hyper-connected customer experiences with virtual reality: 92% Ÿ Ÿ Using AI to pre-empt customer demands: 93% We are entering an era of monumental change that will fundamentally change the way businesses operate and prioritise investments. While half of the business leaders in the region are unsure of what the next ten to fifteen years look like for their industry and are struggling with the quick pace of change, a large majority are looking at embracing change and new technologies in their digital business plans for the next five years. This pivotal time is rich with opportunities of collaboration and innovation. It is becoming increasingly clear that businesses can either transform their IT, workforce, and security and play a defining role in the future or be left behind. The research was commissioned by Dell Technologies and undertaken by Vanson Bourne, an independent research company, completed in June to August 2017 with 3,800 business leaders from mid-size to large enterprises across 17 countries including UAE and Saudi Arabia.  37