Intelligent Tech Channels Issue 21 | Page 66

FINAL WORD processing of high-volume tasks and providing always-on customer support. 3. Blockchain Interest in Blockchain technologies in the region is growing rapidly. The pace is being set by the government and public sector including education, healthcare, finance, distribution and services. The most popular Blockchain use cases in the coming years will be cross-border payment and settlements, asset and goods management and identity management. Across the private sector, we have seen announcements of recent initiatives by The Atlantis, Jordan Investment Bank, Noon Capital, DIFC and Halal Guide, among others. Global Blockchain player, ConsenSys recently conducted a Blockchain developer training and hackathon camp in Lebanon. 66 4. Multi-Cloud Enterprises in the region are now using multiple cloud solutions whether on- premises, public cloud, or a hybrid of both. In the coming years, upfront costs will become less important as cloud vendors continue to produce convincing use cases. AI and Machine Learning will be fundamental in increasing the levels of automation. Corporate cloud literacy is becoming an operational prerequisite as technological progress accelerates in EMEA. With a multi- cloud strategy, businesses can decide how to distribute workloads to cloud platforms that are best suited for specific tasks. 5. Big Data With massive volumes of data being generated every second from connected devices, machines and IoT, Big Data is definitely a trend to watch out for. Big Enterprises in the region are now using multiple cloud solutions whether on-premises, public cloud, or a hybrid of both. Data is the new oil as it has the potential to empower organisations to make better, in real time. By unlocking the organisation’s data, they can fundamentally change the way it operates and steer the transformative, digital journey the company’s stakeholders expect. ˜