Oracle opens Abu Dhabi hub to spur innovation

US software company Oracle opens technology collaboration center Abu Dhabi This is designed to help public and private sector organizations leverage emerging technologies to improve their bottom lines.

Al Mustaqbal Oracle Innovation Center Rem Island The Texas-based company said in a Wednesday release that it will promote the integration of innovation into the company to simplify costs and operational efficiencies.

It will focus on artificial intelligence, machine learning and the Internet of Things, as well as supporting the development of the knowledge economy in the UAE capital.

The center is part of Oracle’s ongoing investment in the UAE and its second after the Zayed Innovation Center in Dubai. The company declined to disclose the investment cost of the center.

The launch was attended by representatives from Abu Dhabi government entities, including the Ministry of Home Affairs, Finance Ministry, Abu Dhabi Digital Authority (ADDA), Abu Dhabi Customs, Human Resources Authority and Sovereign Wealth Fund Mubadala.

“Data is the beginning,” ADDA Director General Mohamed Al Askar said in his keynote speech. “We spend a lot of time using technology, changing and influencing our interactions. The journey never stops.

“We always want to explore and do something new. We are always looking for the right partner during this journey and transformation.”

GCC countries are attracting a lot of global tech companies because Tech-centric young consumers and the region’s evolving digital environment.

Data center companies have been a key factor in helping the economy keep pace with the rapidly evolving digital environment.

In the 2021 edition of the Global Innovation Index, the UAE ranked first in the Middle East, cementing its position as a world leader in the adoption of the latest technologies.

Oracle and many other global tech companies have flocked to the UAE to build various facilities to support the country’s technological development.

The company currently has 33 cloud regions around the world, 3 of which are in the Middle East and the most recent Opening in Abu Dhabi last November. Jeddah and Dubai areas to be inaugurated in 2020.

Microsoft and AmazonOne of the most valuable companies in the world has also opened its own cloud region in the UAE.

Leopoldo Boado, senior vice president of business applications at Oracle, said: “We are seeing an increasing demand for how governments and the private sector can leverage data and analytics.” National.

“The main challenge is how we use and leverage the value of this data. Data centers have the highest level of security and sovereignty.”

According to Grand View Research, the global cloud computing market is worth $368.97 billion in 2021 and is expected to grow at a CAGR of nearly 16% from 2022 to 2030.

global public spending cloud serviceat the same time, it is expected that an increase of more than 20% According to research firm Gartner, it will reach $495 billion annually this year — an increase of nearly $84 billion from 2020 spending — and reach $600 billion in 2023.

In addition, the Ministry of Industry and Advanced Technology has announced that it will adopt Smart Industry Readiness Indexa global standard used by the World Economic Forum to help local companies leverage Fourth Industrial Revolution technologies to increase productivity and their contribution to the economy.

Oracle’s new innovation center is designed to help public entities and private companies innovate together so they can seize new opportunities in the market, Mr. Boardo said.

“There’s a big shift among CFOs right now, mainly to reduce costs. The main focus is on revenue and how they can grow it.”

In addition to businesses, the programme will support start-ups and SMEs, both of which are the main pillars of the UAE’s economic engine.

Mr. Al Askar said: “The UAE provides the ecosystem, talent and support to explore innovation. We have always wanted to be the first in digital transformation.”

Updated: September 21, 2022 1:14 pm