According to SAP executives Saudi organizations need to “redefine” their boardrooms to succeed in the new Digital Economy. 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 ten percent by 2020, according to McKinsey. Additionally, business complexity presents a major problem, with 200 of the world’s largest companies losing ten 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. “Chief digital officers must embrace the region’s tech-savvy and youthful population to take on leadership roles in enhancing organizational readiness and developing projects that will drive digital business success,” added Becher. “The SAP Digital Boardroom solution provides the real-time dashboards and data visualizations that enable those in the boardroom to monitor, simulate and drive rapid change in a digital economy.”
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