Around 90% of the UAE and Saudi Arabia businesses say that they are facing major obstacles to their digital transformation efforts. More than a third (37%) fear they will get left behind while only 4% see themselves as digital leaders in their market, according to a new report.
The Dell Technologies Digital Transformation Index (DT Index) also said nearly 60% of regional businesses intend to invest more in cybersecurity while 52% intend to invest in Internet of Things technologies.
It added that a small number of businesses are even planning to experiment with nascent technologies – 21% will be investing in virtual reality, 20% in quantum computing, and 11% in blockchain.
Dell revealed the findings of its DT Index, which was completed in collaboration with Intel and maps digital transformation progress of mid to large-sized companies.
Based on responses from business leaders in the UAE and Saudi Arabia, 87% agree or strongly agree that digital transformation initiatives need to be even more widespread throughout their organisations.
According to the research, 90% said they are facing significant roadblocks to their digital transformation initiatives, with data privacy and cybersecurity concerns topping the list.
Other issues include the lack of the right in-house skill sets and expertise, information overload, regulation or legislative changes and a lack of budget and resources.
The research also indicated that businesses are taking steps to overcome their barriers, and only 32% strongly agree they’ll disrupt rather than being disrupted within five years.
Source Credit: Arabian Business