Technology is a gamechanger for small and medium-sized enterprises in Qatar


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.

The event was organized by the Ministry of Transport & Communications (MoTC) and Hamad Bin Khalifa University (HBKU) to expand the knowledge on the emerging technologies.

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.

Other News

BSUQ News 73 - Thumb

Scale 7 launches first wave of accelerator program for fashion and design industry

The first wave of the fashion and design accelerator program has been launched by Scale7, a collaboration of...

Read more
BSUQ News 72 - Thumb

Qatar to play a leading role and to be an internal hub for sports law

Qatar is positioning itself to become a regional and international leader in sports law and governance.

The country has already made significant progress and hosts the newly established [Qatar Sports...

Read more
BSUQ News 71 - Thumb

Approval for draft law to permit full foreign ownership of listed Qatari companies

The most recent announcement to permit full foreign ownership of Qatari companies listed on the Qatar Stock Exchange (QSE) is a push to attract more foreign direct investment...

Read more
BSUQ News 70 - Thumb

Qatar emphasizes the importance of sustainability in sports

The Supreme Committee for Delivery & Legacy (SCDL) and the Josoor Institute, a subsidiary of the SCDL, hosted a discussion titled “Football, Fashion and the Circular...

Read more
BSUQ News 69 - Thumb

Qatar and Turkey keep enhancing bilateral relations with trade and investment

The Qatar Chamber of Commerce & Industry (QCCI) and the Independent Industrialists & Businessmen Association (MUSIAD) from the Republic of Turkey met very recently...

Read more
BSUQ News 68 - Thumb

Information governance in small and medium-sized enterprises (SMEs) in Qatar

The Ministry of Transport and Communications (MoTC) recently hosted a webinar on information governance titled “DataOps in the Era of Big Data & AI”.

The event...

Read more
BSUQ News 67 - Thumb

Qatar’s General Tax Authority (GTA) raises awareness for the Dhareeba portal

In line with the Circular No. 2 of 2021, Qatar`s General Tax Authority (GTA) announced that all legal entities with a commercial registration or a tax card must submit...

Read more
BSUQ News 66 - Thumb

Qatar affirms support for transparent business policies and practices

The government of the State of Qatar has reiterated the commitment to improve the ease of doing business in the country and the affirmation to support transparent business policies and practices as well...

Read more

Page Break