Published October 15, 2015 by Saudi Gazette Online (Saudi Arabia)
The Kingdom of Saudi Arabia’s organizations must “redefine” their boardrooms to provide the digital sector a seat at the table by 2020 to succeed in the Digital Economy, SAP remarked Wednesday in advance of GITEX Technology Week 2015. Demonstrating the opportunity for digital transformation in the Kingdom of Saudi Arabia, digital initiatives can boost annual growth rates and cost efficiencies of up to 10 percent by 2020, according to McKinsey & Co. However, business complexity presents a major problem, with 200 of the world’s largest companies losing 10 percent of their annual profit due to complexity, according to a report by AIM Research.
“Over the next five years, business leaders in boardrooms across the Middle East will face a tough challenge in the digital economy, requiring them to disrupt themselves or lag behind,” said Jonathan Becher, Chief Digital Officer and Head of SAP Digital, who will present on the topic of “Digital Disruption” at GITEX Technology Week 2015.
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