"The digital economy is at a critical tipping point," said Whalen. "In just a few short years, IDC forecasts that nearly half of all GDP worldwide will come from products and services offered by digitally transformed organizations. In order to thrive, organizations must define their new role in this digital economy and proactively address new customer requirements around personalization and trust. They must also develop new capabilities around digital innovation, work, and intelligence, and build a digital IT infrastructure that supports resilient operations and pervasive experiences."
IDC Directions is the region's seminal ICT industry event and this year explored the theme of 'Multiplied Innovation Goes Mainstream: Thriving in the Digital Economy'. Bringing the region's foremost technology vendors, telecommunications operators, and IT service providers together under one roof, the event also played host to Mohamad Ali, chief executive officer of IDG, IDC's parent company and the world's leading technology media, research, and events organization.
The agenda incorporated various individually themed expert-led sessions exploring a diverse range of topics such as 5G, IoT, AI, cloud, Smart Cities, hyperconverged systems, software-defined infrastructure, automation, security, managed services, digital document solutions, mobile phones, PCs, and wearables. There were also in-depth discussions on the emerging opportunities that exist in key markets such as Saudi Arabia, Egypt, Africa, and the UAE, with IDC forecasting the latter to see a 5.1% year-on-year jump in IT spending this year to $8.45 billion.
"From ecommerce and cloud computing to fintech and cybersecurity, the UAE is leading the region in digital transformation," said Ammar Al Malik, managing director of Dubai Internet City, which was the Strategic Partner at IDC Directions 2020. "We believe that the biggest budget in the history of Dubai, announced earlier this year, sends a strong message to the business community. It will be a catalyst for growth that stimulates entrepreneurship, innovation, and the ecosystems supporting a diversified, knowledge-based economy.
"Analysts continue to predict that ICT investment in the region will rise and the appetite for future growth is promising. As such, investment insight is crucial to ensure the 1,600+ start-ups, entrepreneurs, and Fortune 500 companies based in Dubai Internet City continue to leverage growth opportunities, and we are working closely with our partners at IDC to make this happen."
For more information about 'IDC Directions 2020', please contact Sheila Manek at email@example.com or on +971 4 446 3154. To learn more about the event, please visit www.idc.com/dir20meta or join the conversation on Twitter using the hashtag #IDCDirections.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.
IDC in the Middle East, Turkey, and Africa
For the Middle East, Turkey, and Africa region, IDC retains a coordinated network of offices in Riyadh, Nairobi, Lagos, Johannesburg, Cairo, and Istanbul, with a regional center in Dubai. Our coverage couples local insight with an international perspective to provide a comprehensive understanding of markets in these dynamic regions. Our market intelligence services are unparalleled in depth, consistency, scope, and accuracy. IDC Middle East, Africa, and Turkey currently fields over 130 analysts, consultants, and conference associates across the region. To learn more about IDC MEA, please visit www.idc.com/mea. You can follow IDC MEA on Twitter at @IDCMEA.
© Press Release 2020