A forum titled ‘Digitization of SMEs: An Alternative To Survive’ was held very recently to discuss the adoption of emerging technologies and the positive impact on more streamlined business practices and processes.
These technologies included fintech, blockchain, cloud computing, internet of things and business process automation in other words technologies with a potential to contribute to a decrease in costs and complexity of procedures.
It is a consensus that these technologies will benefit small and medium-sized enterprises (SMEs), who are the backbone of a national economy, play an important role in the economic and social development of a country and face multi-dimensional challenges, especially. These issues include attracting new customers, securing finance, increasing income, decreasing expenses and processing payments among many others.
Blockchain is a key technology for payment processing. The technology relies on user consensus to confirm transactions and data cannot be changed once sent.
It provides client and customer benefits such as speed, security and protection against identity fraud. In addition, the technology provides cost savings, streamlined practices and processes as well as simplified accounting and smart contracting. Also, it enables safer, faster and easier international payments.
Cloud services are growing rapidly in Qatar`s public and private sector. It covers the delivery of services such as servers, storage, databases, networking, software and analytics over the internet (or in other words the cloud).
In 2018, Microsoft Azure, a leading provider of cloud services, established a data centre in the State of Qatar. The initiative has accelerated the availability of cloud services in the country.
The event was part of a series organized by the MoTC to encourage SMEs and their digital transformation. The series hosted more than 3895 SMEs and 67 international, regional and national ICT service providers so far.
Please click on the link and reach out to learn more about the latest developments in the State of Qatar as well as Business Start Up Qatar.
M7 and Qatar Science & Technology Park (QSTP) have announced a partnership to strengthen Qatar`s entrepreneurship ecosystem.
The agreement provides for M7, an affiliate...Read more
A Qatar International Centre for Conciliation & Arbitration (QICCA) webinar discussed...Read more
The Bedaya Centre for Entrepreneurship & Career Development recently concluded a series of workshops as part of their ongoing foundation program.
The workshops were delivered online with the object...Read more
Qatar FinTech Hub (QFTH) recently held the virtual Demo Day for the second wave of the incubator and accelerator program.
The major FinTech event hosted key players from Qatar’s ecosystem as well...Read more
Qatar`s venture capital market has proven to be resilient despite the pandemic according to the most recent data and information.Read more
The Josoor Institute held a webinar discussing the circular economy, an economic approach aimed at minimising waste, very recently.
The Josoor Institute is...Read more
The State of Qatar has revealed an ambitious National Tourism Strategy which aims to position the country as a leading destination for tourism and travel.Read more
The Qatar Economic Forum concluded very recently and demonstrated the country’s position as an important centre for business, trade and investment. The virtual event provided a platform to exchange views,...Read more