GEC NEWS WIREIncreased investment in non-oil sectors, relevant organizational strategy is key to SI Success in UAE, says STME
STME is increasingly collaborating with organizations operating in the non-oil sector in the UAE, where in 2015, the contribution of this sector to national GDP reached around 70%. The IMF forecasts the non-oil sector to grow by 4.4% in 2015.
Global tumbled oil price doesn’t necessarily mean plunging economies. Mr. Ayman Al Bayaa, CEO of STME said “Our business operations are now less correlated to oil prices. In this context the UAE government’s plans to increase the non-oil sector’s contribution to 80% of the GDP in the coming years is good news in the long run. “Demand for SI products and services has shifted to new practices such as virtualization and cloud computing, with an emphasis on efficient and cost effective technologies,” said Mr. Ayman when speaking on the effect of smaller budgets.
“Clearly cloud computing has become a pivotal game changer that is no longer limited to software applications but has gone beyond that to networking, security and hardware aspects in pursuit of value creation by accentuating spending effectiveness and collective resources pooling’’,commented Mohannad Amr, PMO IT Director, STME.
Speaking on improving competitiveness, Mr. Amr said “STME boosts its effectiveness by maintaining enterprise IT infrastructure that facilitates the management, communication, storage and retrieval of information at all levels. Without such environment, system integrators would fail to meet the strategic challenges of customers, and would lose their ability to compete.”
