Chairman’s Note

DIGITAL Transformation

The “Digital Transformation” phrase is a very trendy phrase, yet, it is a necessity for today’s economy, and Bahrain is part of it.

Usually, the way Digital Transformation is measured is by budget allocation, or the sophistication of the infrastructure, or sophistication of software.

It is true that these elements matter and part the formula, however, the way I see Digital Transformation is, in addition to the above, in three main elements:

The first is that there should be a culture transformation in two dimensions. Political decision, which we have in Bahrain and I am sure we are all aware of His Majesty the King speech.

The second dimension is when the different entities such as the TRA, eGov, NGOs, and Private Sector working together towards the transformation.

Second element is that there should be an economic transformation including changes in policies, plans, and procedures.

Third element is that there should be a social transformation, in this we have to address the social strata by empowering the young generation and women.

This is a transformation and not a change, and in order to have a successful transformation, we have to tackle all these elements mentioned, from a holistic point of view, which is the creation of the Digital Transformation Eco system, which if the responsibility of all of us.

-Mr. Tareq Fakhroo