x Abu Dhabi, UAESaturday 29 July 2017

New technology a hit for emerging markets

The West may still reign supreme in the development of new technology ¿ but employees in emerging markets are more likely to embrace it.

The West may still reign supreme in the development of new technology - but employees in emerging markets are more likely to embrace it.

A worldwide survey by Dell and Intel of 8,000 people, including 3,600 from emerging markets, reveals a stark difference in attitudes.

The majority of employees in emerging markets agreed technology was a good thing that allowed them to do business in different ways, compared with "much lower" numbers in developed markets.

Employees in developing markets were also more likely to enjoy the benefits of adopting such technology , the survey found.

However, emerging market employees' enthusiasm for technology should come as no surprise, said Eesa Bastaki, the chief executive of the ICT Fund in Dubai, which provides financial support and advice to information technology companies.

Technology is the key factor in catching up and competing with more established economies.

"These markets understand the importance of technologies to make the systems, procedures, businesses and policies more efficient and enhance the processes to achieve better quality services," he said.

Developed markets are slower to implement information and communications technology (ICT) because they have less need for it.

"On the contrary, the emerging markets are the ones that are growing rapidly to meet the needs and requirements of becoming developed societies," Mr Bastaki said.

In future, economies will be measured through the implementation and production of ICT.

Modern communications started by connecting people with each other and moved to linking people with machines. Current technology has started to join machines with each other, but the link will become stronger and more seamless.

"This will require trillions of devices to stay connected," Mr Baskati said. "Hence, future favours ICT to be considered as developed societies.

gduncan@thenational.ae

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