{"id":42709,"date":"2023-07-25T08:01:03","date_gmt":"2023-07-25T05:01:03","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=42709"},"modified":"2026-03-28T03:44:54","modified_gmt":"2026-03-28T00:44:54","slug":"dell-technologies-study-reveals-that-saudi-innovation-leaders-are-2-8x-more-likely-to-accelerate-their-way-through-economic-uncertainty","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/dell-technologies-study-reveals-that-saudi-innovation-leaders-are-2-8x-more-likely-to-accelerate-their-way-through-economic-uncertainty\/","title":{"rendered":"Dell Technologies study reveals that Saudi innovation leaders are 2.8X more likely to accelerate their way through economic uncertainty"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Mohamed-Talaat-VP-SELL_ssict_1200_1470.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"836\" height=\"1024\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Mohamed-Talaat-VP-SELL_ssict_1200_1470-836x1024.webp\" alt=\"Mohamed Talaat- VP-SELL_ssict_1200_1470\" class=\"wp-image-38999\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Mohamed-Talaat-VP-SELL_ssict_1200_1470-836x1024.webp 836w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Mohamed-Talaat-VP-SELL_ssict_1200_1470-245x300.webp 245w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Mohamed-Talaat-VP-SELL_ssict_1200_1470-768x941.webp 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Mohamed-Talaat-VP-SELL_ssict_1200_1470-1080x1323.webp 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Mohamed-Talaat-VP-SELL_ssict_1200_1470.webp 1200w\" sizes=\"(max-width: 836px) 100vw, 836px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Riyadh, KSA \u2013 July 25, 2023<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Overall, Saudi businesses are optimistic about the strength of their business and innovation:\u00a0<ul><li>93% say that they agree their business has a vibrant culture of innovation.&nbsp;<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li>85% of businesses agree they are well insulated from economic volatility.&nbsp;<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>However, there is a gap between \u2018perception of innovation\u2019 and \u2018realizing innovation\u2019:<ul><li>Only 39% of organizations are defined as&nbsp;<em>Innovation Leaders&nbsp;<\/em>and&nbsp;<em>Adopters.&nbsp;<\/em><\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li>56%&nbsp;agree that aspects of their company\u2019s culture hold them back individually from being as innovative as they want to be.&nbsp;<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>It\u2019s important to close the innovation perception to innovation realization gap:\n<ul class=\"wp-block-list\">\n<li>Globally, organizations defined as\u00a0<em>Innovation Leaders\u00a0<\/em>and\u00a0<em>Adopters\u00a0<\/em>are 2.2X more likely to accelerate their innovation during challenging economic conditions.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The Dell Technologies\u00a0<a href=\"http:\/\/www.dell.com\/innovationindex\" target=\"_blank\" rel=\"noreferrer noopener\">Innovation Index<\/a>, a new study polling 6,600 employees across 45+ countries, reveals that businesses are confident in the strength of their organization\u2019s innovation in the face of global challenges.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In Saudi Arabia, a majority (93%) say that they agree their business has a vibrant culture of innovation, but the research shows a clear \u2018innovation gap\u2019 between perception and realization.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To understand organizations\u2019 innovation maturity across the globe, respondents were placed on an innovation maturity benchmark ranging from&nbsp;<em>Innovation Leaders<\/em>&nbsp;to&nbsp;<em>Innovation Laggards<\/em>. This reveals an innovation perception gap, as the results show, despite the positive view of innovative business cultures, only 39% of Saudi organizations can be defined as&nbsp;<em>Innovation Leaders&nbsp;<\/em>and&nbsp;<em>Adopters<\/em>.&nbsp;<strong><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is important, as&nbsp;<em>Innovation Leaders<\/em>&nbsp;and&nbsp;<em>Adopters<\/em>&nbsp;in Saudi are 2.8X more likely to accelerate their innovation during a recession than&nbsp;<em>Innovation Followers and Laggards&nbsp;<\/em>(who are more likely to decelerate).&nbsp;The good news is that the Innovation Index is a snapshot in time, and organizations can improve by priming their people, processes and technology for innovation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>People-primed innovation&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Organizations need help to develop an innovation culture where all ideas can make a difference and learning through failure is encouraged. Businesses recognize this and are confident in their ability to deliver. Over three quarters (88%) believe that, in part, people join their company because they believe they\u2019ll be empowered to innovate, which is a major achievement.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, they need to ensure that they fix the innovation gap. 54% of respondents believe people also leave their company because they haven\u2019t been able to innovate as much as they hoped they would. And 56% say aspects of their company\u2019s culture hold them back from being as innovative as they want to \/ can be.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The report also gives businesses a guide on how they can course-correct these issues, highlighting both opportunities to innovate more as well as the barriers that impact innovation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Process-primed innovation&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to people-specific changes, businesses should also look at how they can improve their processes around innovation. The prime barrier to innovation for respondents\u2019 teams is a lack of time to innovate, which underscores the importance of senior leaders modelling prioritization. Presently, 35%&nbsp;of respondents say their leaders are more focused on the day-to-day running of the business than innovation. Without true, visible commitment at a leadership level, ambitious, skilled individuals can\u2019t achieve their full potential on innovation.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Providing more structure around innovation can also lead to better outcomes. While by its nature, innovation may be seen as an organic, ad-hoc pursuit, 79% of&nbsp;<em>Innovation Leaders&nbsp;<\/em>and&nbsp;<em>Adopters&nbsp;<\/em>say their innovation is driven by special, dedicated projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technology-primed innovation<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The study findings point to the power of technology to enable innovation, and the consequences of falling behind. The vast majority (93%) are actively seeking out technologies to help them realize their innovation goal. Conversely 56% believe their technology is not cutting-edge and fear they will fall behind their competitors.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The study also explores where organizations are making gains and facing obstacles, across five technology catalysts for innovation:&nbsp;<strong><em>multicloud, edge, modern data infrastructure, anywhere-work and cybersecurity<\/em><\/strong>. In nearly all areas, the greatest stumbling block to unlocking that potential is complexity.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These struggles are evident in the top cited global technology obstacles to innovation:<\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"1\">\n<li>Growing cloud costs<\/li>\n\n\n\n<li>Difficulties integrating the overall business architecture with the IT infrastructure architecture<\/li>\n\n\n\n<li>Time and money spent to migrate apps to new cloud environments<\/li>\n\n\n\n<li>Cybersecurity threats: can\u2019t innovate with data and insecure edge devices<\/li>\n\n\n\n<li>Lack of IT infrastructure to meet and process data at the edge<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cTo remain relevant and prosper in today&#8217;s digital economy requires a combination of talent, innovative ideas, and technological foresight. As Saudi Arabia works towards unlocking its true potential across industries, it would serve the region well to focus on small, practical concepts that support increased productivity, profitability, and purpose alongside breakthrough ideas. Embracing this change is essential in ushering in a new era of human advancement,\u201d says&nbsp;<strong>Mohamed Talaat, Vice President, Saudi Arabia, Egypt, Libya and Levant at Dell Technologies<\/strong>.<strong><em><\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To support organizations on their innovation journey, Dell Technologies will share \u201clessons from\u00a0<em>Innovation Leaders and Adopters<\/em>\u201d. Visit\u00a0<a href=\"http:\/\/www.dell.com\/innovationindex\" target=\"_blank\" rel=\"noreferrer noopener\">www.dell.com\/innovationindex<\/a>\u00a0for more information and read our executive summary report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riyadh, KSA \u2013 July 25, 2023 The Dell Technologies\u00a0Innovation Index, a new study polling 6,600 employees across 45+ countries, reveals that businesses are confident in the strength of their organization\u2019s innovation in the face of global challenges.\u00a0 In Saudi Arabia, a majority (93%) say that they agree their business has a vibrant culture of innovation, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":38999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-42709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi innovation leaders - 2.8X more likely to | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Saudi innovation leaders are 2.8X more likely to accelerate through uncertainty. 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