Post by : Badri Ariffin

According to the latest Future of Trade: Digitisation report from Standard Chartered, the UAE has been identified as the leading global market in digital trade preparedness. This recognition emphasizes how swiftly the nation is adopting next-gen technologies to transform cross-border trade.

The research surveyed 1,200 multinational firms from seventeen key markets, revealing that UAE companies have the highest cloud computing adoption rate, with 97% considering it essential for their digital transformation. This figure stands out in comparison to all other economies surveyed, highlighting the UAE's exceptional digital infrastructure and commitment to modernization.

Additionally, the report indicates that the use of digital assets in the UAE has sharply risen to 68%, placing the nation at the forefront of tokenization, blockchain settlements, and digital trading solutions. The inclination towards advanced technologies continues with AR/VR adoption at 43% and AI adoption at 36%, suggesting an increasing incorporation of immersive and automated solutions in business practices, customer relations, and supply chain operations.

Furthermore, UAE businesses demonstrate a strong preference for enhanced global digital integration, with Ninety-six percent of respondents supporting the expansion of Digital Economy Agreements that standardize digital trade mechanisms internationally, showcasing a desire for smooth global connectivity.

A key finding of the study was the impressive digital autonomy within the UAE, as Seventy-three percent of companies reported conducting their digital transformation initiatives internally. This self-reliance reflects a robust business environment, rich in skilled personnel capable of executing complex digital projects without a significant dependency on outside assistance.

As national strategies focus on innovation and the private sector rapidly adopts cloud solutions, AI, digital assets, and automation, the UAE is solidifying its role as a technology-driven trade hub. This fresh data reinforces the nation’s advancing position in the global arena of digital commerce.

#Dubai #UAE News