Technology, digital strategies will power MEA’s economic recovery – Gulf Today

Technology, digital strategies will power MEA’s economic recovery – Gulf Today

According to the latest predictions revealed by International Data Corporation (IDC), manufacturing sector is estimated to invest $6 billion in digital transformation by 2023, while government enterprise IT will top spending at $8 billion in 2021 and and annual security spending will top $3.6 million by 2023 as digital trust becomes a priority.. With investments in transformative agenda expected to peak over the next four to five years, over 2,000 technology leaders from across the Middle East and Africa (MEA) came together online to discuss how technology can be best used to help organisations adapt to and grow in today's economies during the region's first Digital Innovation Day, organised by Schneider Electric, themed Resilient Digital Transformation.. " the organisations that will thrive have a clear understanding of technology innovation, an ability to develop a single, integrated strategy that is built around using IT to transform and have a clear understanding of the value of digital investments to employees, customers, and growth.. Widespread adoption of immersive technologies such as Virtual Reality, VR, could become a reality within the next five years, as the COVID-19 pandemic accelerates digital transformation in schools and universities around the world..