Digital transformation to boost Middle East economy

Smart technologies allow organizations to improve business decisions and improve the bottom line, says leading procurement provider

  
Digital transformation to boost Middle East economy

UAE, Dubai, Digital transformation is set to revolutionize business processes, according to the leading global strategic procurement provider, JAGGAER MENA / Tejari.

Businesses across the Middle East can leverage the power of a new generation of fast and efficient digital technology and advanced analytics to enhance their customer’s experience and profitability.

Digital transformation is making it easier than ever before for a procurement function to effectively play a significant role in optimizing business and its supply chain, while delivering cost savings. It reduces strategic sourcing costs and cycle times by 30%* and reduces data-collection errors, leading to cost savings. The proliferation of digital transformation initiatives in the region is also driving increased spending on the internet of Things (IoT) to allow powerful analytics to be embedded even deeper into the organizations supply chain. According to International Data Corporation (IDC), regional organizations will ramp up their IoT investments which is forecast to grow 15% year-on-year in 2018, with spending predicted to reach $6.99 billion in 2018 and $12.62 billion by 2021.

Dan Quinn, Senior Vice President at JAGGAER MENA / Tejari, said: “The Middle East is experiencing major transformation in the digital world. This transformation can be utilized so that organizations can streamline procurement processes and increase efficiency.

“Digital innovation is able to impact the bottom line and therefore contribute towards the growing economy. Forward thinking organizations that make strategic IT investments considerably strengthen their business outlook,” he concluded.

* The Hackett Group, 2017 

About Tejari

Tejari operates as an integral part of the BravoSolution network (a JAGGAER company) with an exclusive focus on the Middle East and North Africa. Its growing team composed of more than 75 professionals across Dubai and Abu Dhabi provide effective support to a rising portfolio of local clients as well as multi-national organizations operating in the region.

With its market leading global strategic procurement platform, 15+ years of practitioner experience, directly serving over 70 countries, Tejari as part of the BravoSolution group, helps more than 650 companies and 150,000 purchasing professionals worldwide unlock the power of procurement to drive financial performance, build procurement organizational excellence, manage risk, and influence innovation. Tejari’s approach to strategic procurement consistently delivers business outcomes to enable customers to outperform.

For more information about Tejari, please visit the website: www.tejari.com, or follow us through 'Twitter' @Tejari_UAE, in addition to our account in 'LinkedIn'. 

Media contacts:
Megan Treacher-Evans
Four Communications
E: megan.treacher-evans@fourcommunications.com
T: +971 55 568 8905

© Press Release 2018

More From Press Releases