Search DubaiPRNetwork.com

Dubai and UAE
Home >> Banking & Investments

Lumenore Hosts GCC-Focused Webinar Highlighted by Keynote Address from Donald Farmer

Lumenore Hosts GCC-Focused Webinar Highlighted by Keynote Address from Donald Farmer

Wednesday, December 7, 2022/ Editor -  

Share

Home >> Banking & Investments

A panel of experts agreed that using analytics to drive data-driven actions is paramount for success for Saudi Arabia companies

Dubai, UAE – December 07, 2022: Lumenore, which develops and markets advanced analytics and business intelligence solutions delivered through an intuitive, AI-powered platform, recently co-hosted a GCC virtual event, “Leveraging Data as the New Oil to Drive KSA Vision 2030”. The webinar, powered by Raqmiyat, was highlighted by a keynote address by Donald Farmer, an internationally recognized author and speaker and former Microsoft and Qlik executive, who also serves as a Lumenore strategic advisor. 


While the KSA is one of the world’s leading knowledge economies, it is suffering from a shortage of workers with a data analytics skill set. Additionally, only six per cent of businesses have been able to generate any significant economic value from an AI implementation, despite 75 per cent of organizations being AI-aware. 


In his address, “The Data Universe and Augmenting Insights” Farmer, who is the principal of TreeHive Strategy, spoke about the importance of data as a resource and the need for analytics in realizing its full potential. “The shift towards the Middle East becoming a digital economy has been remarkable,” Farmer said.  “Furthermore, the region has the infrastructure and technology to collect the data--data which is new, complex, and diverse, and is an invaluable asset for any business. However, data needs to be paired with analytics to be useful and analytics needs to translate to action to yield results.”
“Creating reports and data visualizations are standard now, so to get a real competitive edge, organizations must obtain new insights from using natural language, artificial intelligence (AI) and machine learning (ML), and inculcate in the organization a culture of data-driven decision making,” Farmer said. “Data is not just the new oil, it is the new energy,” he added.


Joining Farmer on the webinar were Mahesh Vishwanath, Director at Digital Transformation – Raqmiyat LLC; Moaz Al -Sibbai, Chief Digital Officer – alfanar; Raymond Pereira, Senior ICT Specialist – Kuwait National Assembly; Amr Adly, Chief Architect – STC; Dr. Khaled Hafez Awedah, Executive Vice President for Strategic Development and Information Technology – Abdul Samad Al Qurashi Group; Bader Aljundi, Director, Business Intelligence & Data Management – IT & Smart City; and Kashish Keswani, Associate Director of Sales – Lumenore.

The panel agreed that the digital transformation across industries­not just in the Middle East but around the world­has significantly sped up due to the pandemic. The panel also agreed that new solutions to address the challenges in utilizing data to drive business decisions is the key to the digital transformation specifically in the Middle East and using analytics to drive data-driven actions in an organization is paramount for success.
Lumenore, a cloud-based business intelligence (BI) and advanced analytics solutions provider, empowers its users to use organizational intelligence and new forms of organizational decision-making. Its platform is a highly secure, self-service data infrastructure to deliver its users an enterprise-wide data universe that aims to democratize data and simplify decision-making in the business world. 


Lumenore announced earlier this year its plans to expand in the Middle East, with Dubai serving as its home ground. Further, Lumenore has also partnered with a UAE-based academy to utilize local talent and knowledge base. 


 “We are trying to bridge the gap between data and decisions, which is why we have built a platform that provides businesses with organizational intelligence capabilities on an enterprise level,” said Simon Karacinski, EMEA Sales Director at Lumenore. “The natural language capabilities of our ‘Ask Me’ feature enable widespread data literacy in an organization. Similarly, with our predictive analytics tool, like ‘Do You Know’ we enable businesses to build a robust and secure data universe.” 


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Young PCR Horse Riders Raise Hope and Inspiration in the UAE Community

Sultan AlQasimi Inaugurates 11th Edition of Pink Caravan Ride

Badminton Asia Mixed Team C'ships: Countdown begins; Clubs around UAE to promote ...

Hublot and Takashi Murakami Launch a Collection of 13 Unique Watches and 13 Uniq ...

String of Australian Open Finalists Heading for Inaugural Mubadala Abu Dhabi Ope ...

Emirates LitFest Day 3 Highlights

Mohammed bin Rashid Falconry Cup Crown Winners in the General Public Category

Summary of Weekly Real Estate Transactions for the Week Ending 03 February 2023

Over 90 UAE Nationals Compete in the UAE Wild Card Championship, Joining the Rac ...

The Environment Agency – Abu Dhabi Holds Annual Stakeholders Event and Celebrate ...

KHDA and Dubai Culture Launch New Heritage Book about Al Marmoom

TikTok Updates Account Enforcement System to Support Creators

11th Pink Caravan Ride Brings Awareness and Early Detection to the Forefront in ...

King's College Hospital Joins WeightLoss Solutions Australia to Combat Obesity i ...

Canada-based Global Online Marketplace Flitit Launches First Physical Flitit Meg ...

Dubai Harbour welcomes the Maiden Call of Queen Mary 2 on her Annual World Cruis ...

Dubai Healthcare City Joins Hands with Dar Al Ber Society to Open Endowment and ...

UAE Go on the Attack to Climb Podium at Saudi Tour

World Cancer Day: What Is Hematology Oncology? A Closer Look at These Cancer Spe ...

Emirates LitFest - Day 2 Highlights