CS Event’s 2nd ME Data Analytics Forum on June 22 to Focus on $215 Billion Global Data Analytics Business

  • Businesses are estimated to have spent $215 billion in 2021 on big data and business analytics solutions, a 10% increase from 2020;
  • Middle East & Africa big data analytics, artificial intelligence and cybersecurity market is growing at a compound annual growth rate (CAGR) of 20.4% from 11.78 billion US dollars to 28.36 billion US dollars by 2026;

Data analytics, artificial intelligence and cybersecurity business in the Middle East and Africa is expected to grow 20.4% to $28.36 billion by 2026, according to Markets and Research, as experts from the 2nd Middle East Data Analytics Forum prepare to share industry trends. .

According to analysts from the International Data Corporation (IDC), companies would have spent a colossal sum of $215 billion in 2021 on big data and business analytics solutions, an increase of 10% compared to 2020.

The news comes as Cogent Solutions Event Management (CS Events) announces the schedule for the 2nd Middle East Data Analytics Forum, to be held on June 22, 2022. The one-day international conference is supported by the Center Federal Competitiveness and Statistics of the United Arab Emirates.

The conference is organized in line with the UAE National Innovation Strategy, which aims to take the UAE to a new height in advancing data analytics and the National AI Strategy 2031.

Companies in end-user industries are increasingly deploying artificial intelligence (AI) to save money, increase productivity and improve their security standards. Several government initiatives are changing the dynamics of the industrial sector and helping to reshape the landscape in key economies such as Saudi Arabia and the United Arab Emirates, and to create a stronger institutional structure and effective regulatory frameworks, in order to promote investments from the private sector.

The 2nd Middle East Data Analytics Forum aims to bring together over 350 international and regional C-level stakeholders who have already embraced big data analytics and AI to discuss current challenges, use-case scenarios and opportunities, offering thus a hands-on learning experience. to converging technology players from key industries such as government, BFSI, healthcare, retail, manufacturing, banking and finance, oil and gas, utilities and transportation, to name a few some.

The decision makers present at the summit are Data Managers, CTOs, Data Managers, CIOs, Digital Managers, CIOs, Data Architects, Smart Data Managers, Data Scientists, AI analytics managers, data engineers, etc.

Companies in end-user industries are increasingly deploying artificial intelligence to achieve cost savings, increase productivity and improve their security standards. Several government initiatives are changing the dynamics of the industrial sector and helping to reshape the landscape in key economies such as Saudi Arabia and the United Arab Emirates, and to create a stronger institutional structure and effective regulatory frameworks, in order to promote investments from the private sector.

With COVID-19 becoming the new reality, organizations around the world must proactively respond to cyber threats that have spiked during the pandemic. For this reason, cyber resilience, which refers to the ability of a sector or an organization to prepare for, react to and recover from cyber attacks, has become an absolute necessity rather than just an option in the current scenario, he said.

Various governments in the region have spearheaded long-term plans to use AI and ML as economic stimulus or to improve labor efficiency and government structure agility. Now, artificial intelligence programs are carried out with direct support from governments, but companies in the region would have their own AI departments in the short term, he said.

The government of the United Arab Emirates is the first country in the Middle East region to launch its artificial intelligence strategy and the first in the world to establish an artificial intelligence ministry. The government plans to invest in artificial intelligence technologies in about nine sectors.

Today, many countries in the region recognize the potential of applying ICTs to enhance social and economic development. However, according to a study by SIS and McAfee, the UAE is the second most targeted country in the world for cybercrime, costing the country around US$1.4 billion per year.

The demand for data analytics professionals is also exploding. Researchers from the U.S. Bureau of Labor Statistics forecast strong growth (31%) in the field of data science through 2030. Nearly 90% of businesses will view information as an “asset,” according to forecasts. Business Essentials and Analytics as a Core Competency” this year.

“Data is the new oil or gold. However, data means nothing without analytics. Companies in the Middle East are deploying enormous resources to boost data analytics, artificial intelligence and cybersecurity – so to leverage consumer behavior to market their products and services,” Nizam Deen, Founder and Managing Director of CS Events – organizers of the 2nd Middle East Data Analytics Forum, said.

“As a result, we are seeing a major shift in business towards data analytics. Experts will share their thoughts on emerging regional and global trends in data analytics, artificial intelligence and cybersecurity, as digital businesses gradually replace physical businesses all over the world. The 2nd Middle East Data Analytics Forum will provide new insights into the future of business. Therefore, participation in this important conference is of paramount importance.

Mohammad Hassan, Executive Director of the Statistics Sector at the Federal Center for Competitiveness and Statistics; Latifa Alshehhi, Data Management Officer at Roads and Transport Authority, UAE; Ali Juma AlAjme, Director of Digital Health Department, Ministry of Health and Prevention – UAE; Thuraya Al-Harthi, Senior Specialist – Innovation and Emerging Technologies at the Ministry of Transport, Communication and Information Technology, Oman and Ali Abdulla Alsadadi, Head of IT, Ministry of Petroleum, Bahrain and others will lead discussions at the 2nd edition of the Middle East Data Analytics Forum which is well supported by key industry stakeholders.

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About Cogent Solutions Event Management (CS Events)

A leading “customer-centric event management company” built on the belief of getting the right information to the right people at the right time – through business conferencing.

Delivering high quality customer-centric conferences and conference rooms that solve immediate market problems by providing full control to our clients and customers is why we exist, “we are Cogent Solutions Event Management” , we challenge the status quo and aim to host the best events in the industry.

Established in April 2020, CS Events has become one of the most successful corporate event management companies in the UAE, working with major government entities and multinational private companies. Thanks to their unique belief of “challenging the status quo” and “truly putting customers first”.

Since its inception with just one employee, CS Events has gone from strength to strength with its deep industry knowledge, ability to understand customer needs and specifically create conferences and executive meeting rooms that solve immediate problems. of the market. It currently has a team of 17 professionals as it seeks more professionals to expand its business.

Its team of highly experienced industry professionals create distinctive and targeted virtual, hybrid and physical conferences for businesses to communicate their valuable message to a pre-qualified and targeted audience. Its “Crowd Connect” conferences offer companies unique access to any market, industry and high-level decision-makers anywhere in the world, without access restrictions.

Web: www.cseventmanagement.com

Media Contacts

name

Nizam Deen

Shayari Islam

Company

SC Events

Pan Asian Media

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Chief Executive Officer

Executive account

Address

801, Sobha Sapphire, Business Bay, Dubai, United Arab Emirates

PO Box 39865, Dubai, UAE

E-mail

[email protected]

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Melvin B. Baillie