Half of busi­nesses fear they could be­come ob­so­lete in the near fu­ture

7 Days in Dubai - - BUSINESS -

The emer­gence of dig­i­tal tech­nolo­gies and com­pa­nies could mean the end for many busi­nesses in the UAE, ac­cord­ing to new re­search from Dell Tech­nolo­gies.

An in­de­pen­dent sur­vey by Van­son Bourne of 4,000 busi­ness lead­ers across 16 coun­tries and 12 in­dus­tries, in­clud­ing the UAE, found that 85 per cent of busi­nesses be­lieve dig­i­tal start-ups will pose a threat to their or­gan­i­sa­tion, ei­ther now or in the fu­ture.

And al­most half (45 per cent) of busi­nesses sur­veyed fear they may be­come ob­so­lete in the next three to five years due to com­pe­ti­tion from dig­i­tal-born start-ups.

Mo­hammed Amin, Se­nior Vice Pres­i­dent, Turkey, Eastern Europe, Africa and Mid­dle East at Dell EMC, said: “We’re in the midst of the next in­dus­trial rev­o­lu­tion that will fun­da­men­tally al­ter the way we live, work and re­late to one an­other.

“This shift will trans­form the way ev­ery busi­ness in ev­ery in­dus­try op­er­ates.

“We are al­ready wit­ness­ing a trans­for­ma­tion of busi­ness pri­or­i­ties as both pub­lic and pri­vate sec­tor en­ti­ties across this vast re­gion con­tinue to in­vest in ad­vanced new tech­nolo­gies to bet­ter meet chang­ing cus­tomer needs and ex­pec­ta­tions. In the near fu­ture, al­most ev­ery busi­ness will have soft­ware de­vel­op­ment ex­per­tise at its core. Many of these com­pa­nies will be brand new; oth­ers – hav­ing not writ­ten a line of code in 20 years – will have been on a mo­men­tous jour­ney.”

Some com­pa­nies are feel­ing badly bruised by the pace of change.

More than half (54 per cent) of busi­ness lead­ers have ex­pe­ri­enced sig­nif­i­cant dis­rup­tion in their in­dus­tries over the past three years as a re­sult of dig­i­tal tech­nolo­gies and the in­ter­net, and 44 per cent of busi­nesses don’t know what their in­dus­try will look like in three years’ time.

Some com­pa­nies have barely started their dig­i­tal trans­for­ma­tion.

Many have taken a piece­meal ap­proach. Only a small mi­nor­ity have al­most com­pleted their dig­i­tal trans­for­ma­tion. Only 7 per cent of busi­nesses sur­veyed are per­form­ing crit­i­cal dig­i­tal busi­ness at­tributes well.

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