UAE-based businesses are increasingly adopting data-driven strategies for an effective hybrid workforce, according to research from hybrid data cloud company Cloudera.
At the market level, 88 percent of UAE-based IT decision-makers (ITDMs) agree that their current strategy is key to their business resiliency. The report also found that 87 percent of ITDMs in the UAE also agree that having an enterprise data strategy in place can help their organisation adopt a hybrid workforce more effectively.
A further 79 percent of ITDMs believe that their organisations’ technology and infrastructure could be improved in order to meet their existing and/or future data strategy needs. According to the report, 42 percent of businesses in the UAE, on average, are dedicating time and resources to cloud migration and strategy.
“This report is an eye-opener and a clear indicator of what organisations need to focus on in a bid to enhance their competitiveness in their respective industries. It is encouraging to see that more senior business decision makers (SDMs) in the region are now looking at data differently and strategically. Organisations in the UAE demonstrate uptake of mature enterprise data strategies, optimised for hybrid and multi-cloud environments. These strategies have, in turn, helped them to significantly generate better business outcomes,” said Karim Azar, Regional Director, Middle East & Turkey, Cloudera.
Organisations with mature enterprise data strategies in place for at least 12 months are more likely to report higher profit growth at an average of 5.97 percent, according to the report.
Created in association with technology market research firm, Vanson Bourne, the new report examines the correlation between the maturity of an organisation’s enterprise data strategy and its business performance. It also explores the impact of the ongoing Covid-19 pandemic and its uncertainties on businesses.
Globally, 96 percent of SDMs whose organisations’ enterprise data strategies have been in place for more than a year reported that the way data is handled and managed has positively impacted their organisations’ performance, and close to two-thirds (64 percent) reported stronger levels of resiliency from the presence of a mature data strategy. Both SDMs and ITDMs share similar views, recognising data as a strategic business resource, but these groups have differing opinions on operational processes and implementation.
In terms of enhancing workforce diversity and its overall impact on organisations, an overwhelming 97 percent of ITDMs in the UAE believe that data and analytics are important to ensure successful and effective Diversity, Equity, and Inclusion (DEI) initiatives. Eighty-five percent of UAE-based organisations agree that DEI initiatives contribute to an organisation’s success. This, according to the report, demonstrates that utilising data and analytics can yield phenomenal benefits rather than simply increasing profit margins or gaining a competitive advantage in any industry.
On average, 58 percent percent of the UAE workers worked remotely during the Covid-19 peak period compared to 35 percent before the pandemic. The trend is, however, expected to stabilise with 46 percent expected to work remotely by Q1 2023.
Forty-three percent of ITDMs reported that spending had remained the same since the start of the pandemic in terms of supporting changing work environments (e.g. hybrid working) and to support the workforce, with only 14 percent reporting a decrease in spending.
‘Cloudera Enterprise Data Maturity Research Report’, the market research survey polled 2,100 ITDMs (1oo in the UAE) and 1,050 SDMs (50 in the UAE) in businesses including with more than 1,000 employees across a variety of industries.
