Report: Equivalent to 4% of the country's GDP in 2021... and there are 133,000 jobs within 9 years

62.8 billion dirhams expected economic benefits provided by cloud computing for startups

During the unveiling of a report by the Dubai Chamber of Digital Economy in cooperation with Amazon Web Services.

From the source

A recent report issued by the Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of the Dubai Chambers, in cooperation with Amazon Web Services (AWS), revealed expectations that cloud computing will provide large-scale economic benefits to small and medium-sized companies and startups in the UAE, valued at About $17.1 billion (62.8 billion dirhams), during the period from 2022 to 2030, of which $10.1 billion (37 billion dirhams) is in the form of benefits for users, and seven billion dollars (25.7 billion dirhams) in the form of benefits for partners.

The report, titled "The Impact of Large-scale Cloud Computing on Small and Medium Enterprises and Startups in the UAE," stated that the total of these benefits is equivalent to 4% of the country's GDP in 2021.

benefit

The report touched on the impact of large-scale cloud computing on small, medium and emerging companies in the UAE, indicating that 74% of these companies still rely on traditional methods to complete their operations and use simple basic communication tools, which highlights the possibility of benefiting from the benefits of cloud computing to enhance its activity and operations. .

The report estimated that between 2022 and 2030, the benefits of large-scale cloud computing could also create 133,000 direct and indirect jobs, and reduce the country's carbon footprint by up to 78%, compared to other infrastructure models, as it is likely to reduce CO2 emissions. carbon by 2.2 million metric tons, and reduce security incidents by up to 30%.

business future

Khaled Al Jarwan, Executive Director of the Dubai Chamber of Digital Economy, said, "Dubai continues to adopt strategies and initiatives to accelerate its digital transformation in preparation for the future of business based on knowledge and technology."

He added, “Cloud computing provides tremendous opportunities for emerging companies and small and medium enterprises wishing to enhance their competitiveness in the business market, and to employ these technologies to come up with innovative solutions that support sustainable economic development and contribute to the growth of their businesses.

Huge potential

For his part, Yasser Hassan, General Manager of Amazon Web Services in the Middle East, North Africa and Turkey, said, "The report's output is new evidence of the enormous potential of cloud technologies and their ability to create more value to empower entrepreneurs and startups." .

He added that companies of all sizes and fields of business in the UAE can harness and employ the capabilities provided by the cloud to drive innovation and improve the levels of flexibility and efficiency of digital transformation processes and business models in a more dynamic and competitive market.

Recommendations

The report made three main recommendations to take advantage of these advantages: the first is to lead government institutions on the path of digital transformation by harmonizing and simplifying digital and data regulations and implementing a risk-based data classification system to improve data security and facilitate the adoption of technology.

The second recommendation includes close cooperation between the government sector and the private sector and technology companies to bridge the digital divide through training and skills development programmes, while the third recommendation highlights the importance of increasing cooperation between legislators and private companies to ensure that regulations do not hinder the adoption of technology.

The advantages of cloud computing are extensive

A report by the Dubai Chamber of Digital Economy and Amazon Web Services indicated that the advantages of large-scale cloud computing include scalable cloud storage and pay-as-you-go services, as well as doubling digital security, streamlining global operational processes, in addition to providing the necessary expertise to discover operational and regulatory vulnerabilities. When expanding out of bounds.

In turn, these benefits lead to increased productivity, cost savings, enhanced revenues, job creation, and improved sustainability.

• 74% of SMEs in the UAE have the opportunity to benefit from the benefits of cloud computing.

Follow our latest local and sports news and the latest political and economic developments via Google news