Page 55 - SAMENA Trends - October 2021

ARTICLE SAMENA TRENDS

ARTICLE

How the Middle East Can Lead the Evolution of the Digital

Economy

While many organizations in the region are now advancing the
digital transformation agenda, it is an opportune time to reflect on
what this journey means when performed at scale. Analysts have
predicted that more than 65% of global GDP could be digitalized
as soon as 2022. On both a national and international level, the
fruits of digitization benefit everyone, and the Middle East is
actively contributing to this thriving and global digital economy.

The COVID-19 pandemic was a spark that
triggered a full-on digitization process in

every corner of the region. In collaboration
with our industry partners, we have
found that the combined application of
innovations in 5G, AI, cloud computing,
and IoT are already producing significant
gains in helping nations to rebound from
the pandemic.

Indeed, much has been achieved in recent decades when cultivating
advanced ICT infrastructure in the Middle East. Countries in the
region were among the first in the world to embrace 5G, as just
one example. Many are now also at the forefront of domains such
as AI and cloud computing, as well as smart city development.
The COVID-19 pandemic was a spark that triggered a full-on Steven Yi
digitization process in every corner of the region. In collaboration President for the Middle East
with our industry partners, we have found that the combined Huawei
application of innovations in 5G, AI, cloud computing, and IoT are
already producing significant gains in helping nations to rebound
from the pandemic.

These technologies will soon underpin all business sectors in
the Middle East because of their ability to enhance productivity,
increase sustainability, and create new value in both existing and
future industries.

55 OCTOBER 2021