Digitalization strategies are being developed quickly in these sectors
Fewer companies in the UAE and Saudi Arabia believe that legacy technology poses a barrier to digitalization at this time compared to 2022, according to a new study commissioned by Eaton, a global leader in intelligent power management.
Companies are currently reaping the benefits associated with artificial intelligence (AI) and machine learning (ML) to advance their digitalization efforts.
Eaton commissioned S&P Global Market Intelligence to survey digital transformation leaders from the data center, utilities, buildings and manufacturing sectors in the Middle East and other global markets. The findings of the study, detailed in the second Eaton Brightlayer® research report, show that digitalization strategies are being developed quickly in these sectors.
Legacy technology
Fewer than one-in-four companies (23%) surveyed said that legacy technology poses a barrier to digitalization compared with one-in-three (33%) who were asked the same question in 2022. Newly emerging AI and ML applications, which show huge potential to transform businesses, are credited with this 10% shift in sentiment over a period of less than 24 months.
“Businesses in the UAE and KSA are accelerating their efforts towards digital transformation. This report emphasizes the pivotal role of digital technologies in driving business objectives and shows how urgently businesses want to implement technologies that incorporate AI and ML,” stated Qasem Noureddin, Managing Director, Eaton Middle East.
