UAE small and medium sized enterprises (SMEs) need to adopt high-performance information management over the next five years in order to succeed in the digital economy. Experts believe that with UAE enterprises facing an exponentially-growing amount of data, this would become a priority for the industry.
According to a recent IDC survey, global data is set to grow 10-fold to 44 zettabytes by 2020, when emerging markets like the UAE will comprise 60 percent of total data generated. Nearly half (45 percent) of medium-sized enterprises globally used digital solutions to grow revenue by at least 10 percent in 2015, according to a recent IDC survey.
“The Digital Economy presents new opportunities for the UAE’s SMEs, but are often daunted by data’s size, diversity, and growth. By focusing on real-time management of high-value data, SMEs can gain new business models, diversified revenue, and efficient and intelligent operations,” said Andrew Calthorpe, CEO, Condo Protego.
Fewer than 1 percent of global enterprises have achieved the highest level of data management, which would focus on the 1.5 percent of highest-value data, reported IDC.
“UAE SMEs face increasing urgency to harness real-time information management to succeed in the Digital Economy. With 90 percent of the region’s enterprises being SMEs, they can use real-time insights once only available to large enterprises to optimize their IT and revenues,” added Mr Calthorpe.
With real-time information management tools, SMEs can minimize the downtime of their mission-critical business applications, optimize their network and device performance, better plan and predict their maintenance and disaster recovery, and save energy costs.
