67% of Mideast executives ‘moving to modern tech’

67% of Mideast executives ‘moving to modern tech’

Two-thirds of Middle East executives who responded to a survey said that that they have taken measures to modernize their existing technology infrastructure – moving from data servers to cloud storage – in the past five years.Middle Eastern companies registered a significant surge in their innovation strategy scores on Accenture's Innovation Maturity Index, as businesses reviewed their strategies due to Covid-19.However, the new report by Accenture found that despite the pandemic opening doors to embrace new ways of working and doing business, there was only a marginal uptake in companies reimagining themselves, reflected by a 1% increase in the overall index score. This signifies the regional dichotomy between a culture that sets companies up to innovate new ways of working enabled by technology and traditional ways of doing business, which often requires a physical presence.“The pandemic triggered new ways of working and doing business,” said Xavier Anglada, Accenture's Strategy and Consulting and Innovation lead in the Middle East. “However, only a handful of regional companies have put in place structural actions which could help them become agile and flexible in their workforce. Companies must intensify their innovation and make greater strides in their business transformation.”Anglada added: “This year, we found