How the UAE is creating Innovative Businesses with Digital Transformation

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Do you want to start your own company? Or maybe you already have a company and want to improve its performance. In either case, you have to deal with new challenges along the way. One of them is how to manage your data efficiently and effectively.

Data analytics is collecting, analysing, interpreting, and acting upon data generated from multiple sources. Data analytics helps companies extract essential information from their internal and external environments. The benefits include better decision support, improved customer service, reduced costs, faster response time, etc.

Data analytics is being applied in almost every industry today. The three main data analytics techniques are descriptive, predictive, and prescriptive. Each method has its pros and cons. Knowing these differences will help you choose the type that fits your business situation.

The UAE Digital Transformation Report 2020

In several international surveys, the United Arab Emirates (UAE) is ranked among the world’s most innovative countries. In addition, it has achieved great success in digital transformation and healthcare. Even though the UAE is one of the youngest nations in the Middle East, it is already considered a leader in innovation. This report provides insights into how the UAE is achieving such high levels of development.

The UAE Digital Transformation Report 2020 issued by Telecommunications and Digital Government Regulatory Authority

Dimensions of the UAE Digital Government Strategy 2025

The United Arab Emirates (UAE) launched the “Digital Government Strategy 2025”, a strategic roadmap aimed at ensuring the sustainability of digital transformation in UAE. The strategy focuses on five key dimensions: people, process, technology, data and infrastructure.

Innovation is one of the main pillars of the strategy, under which the government plans to develop innovative solutions that improve efficiency and productivity while enhancing the quality of life. These initiatives include using artificial intelligence (AI), blockchain, big data analytics, cloud computing, the internet of things (IoT) and 5G networks.

The strategy also focuses on improving citizen experience and promoting transparency and accountability. In addition, it seeks to empower individuals and communities to become active participants in shaping the future of governance and foster collaboration among stakeholders across sectors.

The strategy is based on four principles: openness, proactivity, inclusiveness and partnership.

Openness refers to opening up public sector processes and decision-making to allow greater participation from the public, including those living outside the UAE. This principle also covers providing access to government information and services via the Internet.

Proactive means taking action ahead of citizens’ needs, rather than waiting for them to come knocking. This principle aims to anticipate citizens’ requirements and meet them in advance.

Inclusiveness means providing equal opportunities for all citizens regardless of gender or ethnicity. It also promotes diversity in terms of age, culture and social status.

National Digital Transformation Committee

The National Digital Transformation Committee was established in 2017 as part of the UAE’s efforts to achieve the goals set out in the National Vision 2030. Its mission is to support the implementation of the country’s vision through the adoption of an integrated approach to digital transformation.

The committee consists of representatives from various ministries and agencies, including the Ministry of Finance, the Ministry of Economy, Trade and Planning,

Objectives and priorities

The objectives of the committee are to provide recommendations on the following topics:

  • How to ensure the sustainable growth of the economy and society;
  • How to promote the use of new technologies and innovations;
  • How to enhance the competitiveness of the private sector and reduce its dependence on subsidies;
  • How to increase the effectiveness of government institutions and their interaction with citizens;
  • How to strengthen the role of civil society organizations and community groups in contributing to national development;
  • How to create a safe environment for innovation and entrepreneurship;
  • How to build a knowledge-based society by encouraging scientific research and education.

Conclusion

The UAE has made significant progress towards achieving its vision of becoming a global leader in digital transformation. The country has adopted a comprehensive approach to implementing this strategy, which includes developing policies and laws, establishing regulatory frameworks, investing in infrastructure and adopting best practices.

However, there is still much work to be done. For example, the government must continue to invest in human capital and technology, especially in areas such as cybersecurity, artificial intelligence, big data analytics and blockchain.

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