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The UAE Accelerates Digital Efforts To Become The World's Leading Economy

The UAE government has transformed the country’s economy, knowledge ecosystem and community, with its digital innovations. These efforts are in line with the aim set in the UAE National Agenda to make the country one of the most progressive nations in the world by 2021.

Notably, the most considerable strategies are the national 2031 AI Strategy, the National Strategy for Advanced Innovation, and adoption of artificial intelligence, blockchain, and automation which have helped the UAE step up as a chief in the MENA vicinity in the area of digital transformation.

“The development towards innovative digital transformation displays the vision of the UAE leadership that encourages ideas and support a tech-enabled future. The country’s efforts in promoting digital solutions have not only ensured that businesses in the country adopt innovative technology but have also opened doors for foreign players to attract investment and promote privatisation. The speedy development of digital sector, mixed with a large and growing tech consumer base, has fuelled amazing growth both domestically and abroad via cross-border trade,” stated Vikas Panchal, Business Head- Middle East, Tally Solutions.

According to Mr. Panchal, innovation and digitization will pave the way forward for the economy to flourish. The company which specialises in business management software, acknowledged the UAE’s efforts in keeping pace with future developments and embracing advance technology to be at the forefront of digital transformation happening worldwide.

To align with the UAE government’s initiatives, Tally Solutions has also been ramping up its efforts to help groups in the country and throughout the region to undertake automated solutions and enable them to conform to the new rules and regulations. The company has conducted over 500 events in GCC reaching out to over 1500 small and medium corporations and talk about the significance of automation. They have also issued substantial online literature on the significance of embracing digital solutions.

Research suggests that the Fourth Industrial Revolution is hastily driving transformational disruption throughout each sector and by 2022, over 60 percentage of global GDP will be digitized. An estimated 70 percent of new value created in the economy over the next decade will be based on digitally enabled platforms.

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