GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
COVID-19 is a sense check and provides an opportunity for businesses to reimagine and start afresh on the journey of digital transformation
 
 
Dubai, UAE; July 01, 2020: Over 350 business leaders joined the virtual session on ‘Enterprise and Market Resilience during COVID-19', hosted by Protiviti Member Firm for the MENA Region. The theme was on the digital response to COVID-19, deliberating upon how automation, technology, cloud and analytics can help organizations overcome the crisis and equip them better post COVID.
 
At the forum, Jonathan Wyatt, Protiviti's Global Leader for Digital Transformation, highlighted: “The crisis has revealed the digital maturity of many organizations; the responses from digital thought leaders has been either taking the risk-averse course by pausing digital initiatives and technology investments all together or making a move to seize the opportunity and drive innovation and adopt emerging technologies to challenge the status quo.”
 
He further stated that the overwhelming global average as far as digital maturity is concerned, tends to be at a ‘beginner' level. However, the crisis also presents a unique opportunity for organizations to move towards higher levels on the maturity scale.
 
Amit Ray, Managing Director – Data & Digital at Protiviti Member Firm, said: “The pandemic has transformed many ‘brick and mortar' organizations to ‘brick and click' enterprises. For some, the transformation has been prompt, while the others are disoriented and could end up being left behind. For many companies, the challenge has been more about the mind-shift change as remote working and collaboration has become the rule of the day. Our panel of experts echoed that readiness during these times can only be attributed to sustained investment in technology, people, and processes.”
 
An audience poll during the forum showed that Intelligent Automation, Cloud Technologies, and Data and Analytics received the highest votes, as technologies that will see rapid adoption in the wake of the pandemic. The key themes that emerged suggested that technology investments are going to focus on the following - fixing the basics, strengthening the building block, and accelerating disruption. Data Orientation, Process Improvements, Information Security, Standardization and Consolidation are going to be crucial. Any technology that meets the need of these themes will see an uptake, viz. mobility, AI, RPA, cloud technologies, BI, and Big Data.
 
Amit Ray added, “One of the consensus that emerged during the discussion was that cloud adoption in the region remains relatively low, and the COVID impact will act as an accelerator. As long as organizations understand the security risks and the regulatory implications of adopting cloud platforms, they will see fewer disruptions in their business.”
 
The panelists highlighted that investments in technology could not be at the cost of investing in people and skillsets. Digital transformation, after all is not only about technology – people, process, and business model transformations are equally essential.
 
Finding the right talent to make digital transformation work will continue to remain challenging. Encouraging organizations workforce to adapt, upskill and create a foundation for themselves to be successful in their new role, can makes or break the success of digital investments.
 
Key takeaways from the forum:
• Digital leadership is about mindset and culture. Take advantage of the learnings during this pandemic and keep the spirit of innovation and collaboration intact as life resumes post crisis.
• Being ‘risk averse' and not being agile and flexible is the ‘high risk' path. 
• There are no shortcuts to sustainable transformation – investing in digital, data and automation should be long term goals and not a knee-jerk reaction. 
• Focus on people and process when thinking about digital – too often the focus is on the technology. 
• Digital skeptics and beginners see a massive opportunity under the current circumstances to fast-track adoption and hasten the cultural shift.
• It is time for organizations to reflect on their preparedness and ensure the next crisis does not take them by surprise like the current one.
• Post COVID-19, it is likely that there will be an immediate surge in tech and digital investments. The key though needs to be on how thinking digital becomes the second nature, as businesses start operating in the new normal.



Posted by : GoDubai Editorial Team
Viewed 1997 times
Posted on : Wednesday, July 1, 2020  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Comprehensive Study of Refugee Children's Academic, Social, and Emotional Learning Outcomes Yields K...
Next Story : Entry Permitted to Abu Dhabi Emirate for Those Receiving a Negative Covid-19 Test Within 48 Hours
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Lockdown Showdown: Jaguar I-pace Etrophy Series to Get Back on Track in Berlin i...
Three Eggs get Yemeni National a Guinness World Records Title
Omega's Antimagnetic Tourbillon Is a Watchmaking Breakthrough
Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track
The new BMW M5 and BMW M5 Competition
Toric Tourbillon Slate
GROHE Smart Control Review
Twitter tests Tweeting with Voice
Saxo Bank Launches Loyalty Program for MENA Region Clients
Hyundai Motor and Sony Pictures Entertainment Announce Unique and Pioneering Mul...
American Aesthetic Medical Center Has Something in Store for the Esthetical Figu...
WTTC Launches Safe Travels Protocols for Attractions, Car Hire and Short-Term Rental
NUDESTIX Launches - Nudies Blush, Bronze, and Glow Shade Extension
Volvo Cars Chengdu Car Plant Powered by 100 Per Cent Renewable Electricity
Range Rover Marks 50 Years of All-terrain Innovation and Luxury With Exclusive N...
Under-12 and Over-60 Can Now Take Part in Sports Activities: Dubai Sports Council
Dabur Ensures Safety with Hand Sanitizers and Personal Protection Kits as UAE Es...
Let's Brigthen Up! The Face Shop's Ultimate Summer Skincare Range From Belif is Here!
Handy Helper for Content Creators: The Compact A6100 Mirrorless Camera from Sony...
Pre-orders for Samsung's Galaxy S20+ 5G and Galaxy Buds+ BTS Edition now open in...
Experts Highlight need for Young Talent to Develop Skills for a Post-Covid-19 World
Dabur Launches Pure Organic Coconut Oil: Natural Protection for Hair, Skin, and ...
GEMS Wellington Academy – Al Khail Improves Rating to 'Very Good' in KHDA DSIB 2...
Etihad Airways to Recommence Flights to Athens
Dubai Sees Pronounced Uptick in Demand for Retail Units
Book Building of Amlak International's IPO of 30% of Shares
Sanctuary for the Senses: All-New Lincoln Corsair Arrives with Whisper-Quiet, Co...
Essence Spring/Summer 2020 Collection
Registration Opens for Training On the Camel Trek and Camel Marathon for Expats
Covid-19 Leads UAE Businesses to Adopt Upgraded Green Building Solutions
Dubai Sports Council Discuss Upcoming Sports Events With Federations and Organisers
Dubai Sports Council to Celebrate Dubai's COVID-19 Heroes Through Commemorative ...
Turkish Airlines Was the Busiest Operator in the Eurocontrol Area After Restarti...
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate'
INFINITI of Arabian Automobiles presents Dubai Islamic Bank customers Super Sale...
Crude Oil Headwinds on Virus and Technicals
Customers can Benefit from Increasing Gold Rate by just Paying 10% Advance at Ma...
Canadian University Dubai Receives Prestigious Certification in Education for Pu...
Report Reveals the Six Fintech Innovations That Will Boost the ‘Financial Health...
Serco Middle East Appoints New Managing Director for Dubai Metro and Dubai Tram
Big Bang Integral King Gold
Pan Emirates Unveils Exclusive New Collection
Digital Vision Technology Signals On-Track Success for Panasonic Jaguar Racing
Schneider Electric Extends Strategic Partnerships with AVEVA, Lenovo and Stratus...
Celebrate World Music Day with HONOR Magic Earbuds
The 11th Edition of the Arab Fashion Week to Launch Virtually Today, from June 2...
New Bentayga to Launch Beyond100
Cairo Amman Bank Adopts the Latest Technology to Enhance Performance and Securit...
Celebrate Summer Safely with the New, Shopping Normal at BurJuman
Registration open for Dubai Watersports Summer Week