Saudi Arabia welcomes border agreement between Tajikistan and Kyrgyzstan    Saudi ambassadors take oath before Crown Prince    NCM forecast: Thunderstorms to hit most Saudi regions until Monday    SR17 million fines slapped on 16 individuals and companies convicted of violating Capital Market Law    16 endangered species released into AlUla's Protected Areas    Saudi Crown Prince reaffirms support for a political solution to Ukraine crisis in call with Putin Putin praises Saudi Arabia's constructive role and mediation efforts    Saleh Al-Shehri's late penalty rescues Al Ittihad against Al Riyadh    British car maker recalls 7,000 SUVs over risk of doors flying open    Saudi Arabia meets goals in localizing chia cultivation    Carney ready to talk trade with Trump if 'there's respect for sovereignty'    27 hostages killed after hijacked Pakistan train rescue ends in bloodbath    Madinah Emir opens Manafea Forum Abdullah Kamel: Investing in Makkah and Madinah contributes to economic and knowledge advancement for entire Islamic world    Grand Mufti rules against posting prayers and preaching in mosques on social media    Absher carries out over 430 million e-transactions in 2024    Man lives for 100 days with titanium heart in successful new trial    Argentinian court begins trial of seven healthcare professionals over Maradona's death    Al Hilal crushes Pakhtakor to storm into AFC Champions League quarter-finals    Mahrez magic sends Al Ahli into AFC Champions League quarter-finals    Singer Wheesung who wooed Korea with his ballads, found dead at 43    Prince Frederik of Luxembourg dies from rare disease    Real-life shipwreck story wins major book award    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Diversified economy, relevant organizational strategy key to success
Published in The Saudi Gazette on 31 - 12 - 2015

STME, the Middle East's leading IT solutions provider and systems integrator (SI), headquartered in Dubai 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. 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."
In the meantime, low oil prices have resulted in budgetary realignment in companies as well as governments. "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 Ayman speaking on the effect of smaller budgets.
Aside from the effects of the macroeconomic environment, SIs are facing other challenges originating from technological innovations like bring your own device (BYOD) and bring your own application (BYOA), which are mostly cloud dependent. "Transition from on premise products to cloud hosted services, from workstations to vitalization, and from hosting the full IT span to outsourcing are only a few examples on the dominance of the cloud in the new era of computing. 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,'' said Mohannad Amr, PMO IT Director, STME.
STME was among the first system integrators who observed the recent IT evolutions and deployed innovative strategies to manage the tidal wave of emerging technologies. In order to tackle these changes and challenges, STME crafted well-thought through strategies fixated on training and certification of technical teams, knowledge management within the organization, and human resources retention to maintain and develop its intellectual capabilities, and hence competitiveness.
One of STME's most successful strategies is forging carefully picked partnerships with the right partners and technology vendors who themselves are trendsetters. "We have nurtured long lasting strategic relationships with major technology vendors, which enables us to predict technology trends in the region and then devote adequate resources and mobilize teams ahead of time," Amr further said.
Speaking on improving competitiveness, 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."
Although the added pressure of smaller budgets tempted some organizations to be money-driven and search for cost effective solutions, cost cutting in SIs solutions is not the answer. SIs should realize that competitiveness and cheap prices are not always synonyms. Instead, focusing on training and building of technical acumen while riding the wave of innovative IT practices is the new recipe for both survival and flourishing in contemporary system integration. — SG


Clic here to read the story from its source.