Bahrain-based firms keen to adapt digital transformation: Report

Digital transformation

In line with Bahrain’s ambitious Economic Vision 2030, the country’s organizations are well on their path of digital transform, said business cloud software firm Infor.

In a recently held event on Enterprise Asset Management (EAM), Infor highlighted how enterprises in the Gulf nation are keen to harness digital transformation as country leads GCC for ICT (Information and Communications Technology) readiness.

“Industrial digitization continues to upend the traditional monolithic approach to enterprise software in Bahrain and asset management is no exception. Organisations across all sectors are increasingly seeking to streamline the way they track and manage assets to improve their operations, raise customer experience and boost the bottom line,” the company said in a statement.

Read: Bahrain’s Bank ABC launches digital, mobile-only retail bank ‘ila’

Bahrain has been actively developing its infrastructure to increase its readiness for a digital economy and enterprises in the country are keen to take a lead in digital transformation.

The country has been ranked 1st in the GCC for ICT readiness by the World Economic Forum, and 1st in MENA for ICT development by the International Telecommunication Union (ITU).

“Infor is experiencing strong growth in Bahrain and sees significant opportunities to collaborate with Bahraini companies on their digital transformation journey. Infor has already signed some significant customers in Bahrain this year including Al Jazira, a retailer and fast-moving consumer goods (FMCG) distributor, and Mazad B.S.C., a subsidiary of Bahrain Mumtalakat Holding Company (Mumtalakat) – the Kingdom of Bahrain’s sovereign wealth fund,” added the company.

Read: S&P revises Bahrain’s outlook to positive over improving fiscal prospects

Jonathan Wood, General Manager, Middle East and Africa, Infor, said: “It’s great to see so much interest in EAM from across different industry verticals in Bahrain. We’re excited to help simplify asset management for organizations in Bahrain and help them to unlock the value of digitization to grow their businesses and realize their full potential.”

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