DUBAI, 23rd November, 2022 (WAM) — Large-scale cloud computing is expected to deliver $17.1 billion (AED62.6 billion) in economic benefits to SMEs and start-ups in the UAE between 2022 and 2030, equivalent to four percent of the country’s gross domestic product (GDP) in 2021 – says a new report commissioned by Amazon Web Services (AWS) in partnership with the Dubai Chamber of Digital Economy.
The report, titled Impact of Hyperscale Cloud on UAE SMEs and Start-ups, was launched at an event hosted by the Dubai Chamber of Digital Economy at Dubai Chambers headquarters in cooperation with AWS.
Khalid Al-Jarwan, Executive Director of the Dubai Digital Economy Chamber, and Yasser Hassan, Managing Director for MENA and Turkey, Amazon Web Services (AWS), along with members of the business community attended at the event.
Access Partnership, which conducted the research for the report, delivered an informative presentation covering key findings, followed by a panel discussion with industry experts who discussed new business opportunities emerging with growing cloud adoption. computing in the world.
The report found that 74% of SMEs and start-ups in the UAE still use manual processes and basic communication tools, highlighting the vast potential for these businesses to reap the benefits of cloud computing.
Between 2022 and 2030, SMEs and start-ups can generate US$10.1 billion (AED37 billion) in user benefits and US$7 billion (AED25.7 billion) in benefits for partners through large-scale cloud computing, supported by a large-scale regional data center in the United Arab Emirates. .
The report estimates that by 2030, large-scale cloud computing is expected to create 133,000 direct and indirect jobs in the UAE and reduce the country’s carbon footprint and carbon dioxide emissions by up to 78% and 2.2 million metric tons compared to other IT infrastructure models. , in addition to reducing security incidents by more than 30%.
The report made three key recommendations to capitalize on this potential. Government organizations must first pave the way for digital transformation and technology adoption while harmonizing and simplifying digital and data regulations and implementing a data classification system based on risks to improve data security and facilitate technology adoption.
Second, government entities can collaborate with the private sector and technology companies to close the digital skills gap through training and upskilling programs. Finally, there is an opportunity to increase collaboration between regulators and private companies to ensure that regulations do not stop technology adoption.
Khalid Al-Jarwan, Executive Director of the Dubai Chamber of Digital Economy, said: “Despite its rapid progress, the UAE continues to look to the future as it puts in place strategies and initiatives. to accelerate their digital transformation.Large-scale cloud computing offers enormous potential for start-ups and SMEs in the UAE to improve their competitiveness and contribute to a thriving innovation ecosystem.
Al Jarwan stressed the importance of conducting market research that provides transparency on emerging economic sectors and identifying market challenges and opportunities. The new report, he noted, presents recommendations for maximizing the potential benefits of large-scale cloud in the UAE, adding that such studies reflect the close and transparent cooperation between the public and private sectors in Dubai.
Yasser Hassan, Managing Director/General Manager MENA and Turkey, AWS, said, “The report findings are further testament to the potential for value creation that the cloud has to offer to SMBs, entrepreneurs and to start-ups. By leveraging the power of the cloud, businesses in the UAE can accelerate innovation and digital transformation agility to build business resilience in a competitive and dynamic market.
The report identified the benefits of large-scale cloud computing as scalable cloud storage, services on a pay-as-you-go basis, innovative capabilities, increased security, simplified global operational processes, as well as the expertise to solve problems operational and regulatory during the expansion. abroad. These benefits add up to increased productivity, cost savings, increased revenue, job creation, improved sustainability and operational resilience.
Additionally, the adoption of a hyperscale data center would allow technology partners in the UAE to become part of a global partner network and generate more revenue by serving customers around the world.