Informatica Recognizes Data Innovators at Informatica World Tour Dubai

Rhea-AI Summary

Informatica (NYSE:INFA) recently recognized customer innovation at the Informatica World Tour Dubai, highlighting Middle East growth and digital transformation initiatives. Major clients include Saudi Airlines and Abu Dhabi Ports Group, leveraging the Intelligent Data Management Cloud (IDMC). Gartner projects cloud spending in MENA will reach $5.7 billion in 2022. IDMC processes 38.5 trillion transactions monthly, crucial for businesses managing increasing data complexities.

Positive

• Recognition of customer innovation enhances brand reputation.
• Strong client base in the Middle East expanding the market presence.
• Projected 19.2% growth in cloud spending in MENA reveals robust market demand.
• IDMC processes 38.5 trillion cloud transactions monthly, showcasing platform capability.

Negative

• None.

Intelligent Data Management Cloud (IDMC) Drives Innovation in the Middle East

REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Informatica^® (NYSE:INFA), an enterprise cloud data management leader, today announced the winners of its customer innovation awards at the Informatica World Tour Dubai. The Middle East region is a fast-growing market for the company, with customers like Saudi Airlines, Abu Dhabi Ports Group, and Mujid Al Futtaim relying on Informatica’s cloud platform, Intelligent Data Management Cloud (IDMC), to accelerate their digital transformation.

Gartner research predicts that cloud spending in MENA is expected to grow 19.2% in 2022 to $5.7 billion, demonstrating the region’s appetite for digital transformation. The ability to properly manage and leverage data is critical to delivering successful transformation projects, yet with data volumes increasing exponentially and over 79% of organizations using more than 100 data sources, complexity and fragmentation are one of the modern enterprises' biggest challenges. Informatica’s Intelligent Data Management Cloud (IDMC) enables enterprises to manage and innovate with data on any platform, any cloud, for any user in multi-cloud and multi-hybrid environments.

IDMC delivers mission-critical solutions that serve our global customers and operates at a significant scale, processing 38.5 trillion cloud transactions per month as of June 2022. It empowers enterprises to innovate and build new products and services, to build new customer engagement models and experiences, and to innovate and operate more efficiently.

At the Informatica World Tour Dubai event, Informatica honored customers’ success in driving data-led digital transformations and intelligent data innovations. The customer awards recognize customers implementing projects that are not only strategic and measurable but align with the Informatica values of We DATA: Do Good, Act as One Team, Think Customer First, and Aspire for the Future. This year, the following organizations in the Middle East have driven change and value for their business by leveraging the power of the IDMC:

In the category of Data Governance & Privacy

• Simah Saudi Credit Bureau
• Saudi Authority for Data and Artificial Intelligence
• FCSC

In the category of Business 360

• Alshaya Group
• Zand

In the category of Data-driven Organization

• Riyadh Bank
• Sauid Airlines
• The Red Sea Development Company

“Our customers in the Middle East are leading the way in becoming intelligent data enterprises with initiatives across public and private sectors driving innovation as the region builds its data economy,” said Emilio Valdes, Informatica SVP EMEA & LATAM. “We’re proud to be working alongside these organizations, with the IDMC enabling them to leverage AI-powered analytics and hyper-automation to drive more insights, more value and more innovation from their data.”

About Informatica

Informatica (NYSE:INFA), an Enterprise Cloud Data Management leader, empowers businesses to realize the transformative power of data. We have pioneered a new category of software, the Informatica Intelligent Data Management Cloud™(IDMC), powered by AI and a cloud-first, cloud-native, end-to-end data management platform that connects, manages, and unifies data across any multi-cloud, hybrid system, empowering enterprises to modernize and advance their data strategies. Over 5,000 customers in more than 100 countries and 85 of the Fortune 100 rely on Informatica to drive data-led digital transformation. Learn more at informatica.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221013005519/en/

Informatica Public Relations

prteam@informatica.com

Source: Informatica

FAQ

What recent event did Informatica hold in Dubai?

Informatica held the Informatica World Tour Dubai event to recognize customer innovation.

What is the significance of the Intelligent Data Management Cloud (IDMC)?

IDMC allows enterprises to manage and innovate with data across multi-cloud environments.

How much is cloud spending expected to grow in the Middle East in 2022?

Cloud spending in MENA is projected to grow by 19.2% to $5.7 billion in 2022.

Which major clients are using Informatica's services?

Clients include Saudi Airlines, Abu Dhabi Ports Group, and Alshaya Group.

What are the key achievements announced at the recent event?

Awards were given to organizations for their data-led digital transformations and intelligent data innovations.