business

GITEX Global 2022 and DevGate

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Author: Amna Qasim,

Introduction

GITEX GLOBAL (Gulf Information Technology Exhibition) is the world’s largest tech show, organised by, and taking place at, the Dubai World Trade Centre in the United Arab Emirates.

Over the years, GITEX GLOBAL has enhanced its international influence, expanding its footprint beyond the Middle East and reaching a far wider audience from Africa, Asia, Europe, North America, and Latin America. The event has also become an annual agenda for biggest names in the global tech world, including Microsoft, Huawei, IBM, Dell Technologies, Ericsson, Avaya, Honeywell, Hewlett Packard Enterprise, e&, Lenovo and Cisco.

With the participation of more than 250 government entities leading strategic digital projects and public-private partnerships and over 1,000 speakers across 14 dedicated conference tracks delivering 500-plus hours of engaging content, GITEX GLOBAL unites the world’s most influential ecosystems advancing business, economy, society and culture

A Few Glimpses of GITEX Global 2022

Being a preferred hub for high-tech companies, Dubai has now set its sights firmly on becoming a global hub for the metaverse community. It is no wonder that Dubai ranks number one globally for foreign direct investment (FDI) and technology transfer in the AI and robotics sectors. It is noteworthy that the Dubai Metaverse Strategy aims to turn the emirate into one of the world’s top 10 metaverse economies.

Interestingly, the year 2022 is being referred to as the year of the ‘Rise of the Metaverse’ and rightly so. It also marks the start of the Web 3.0 Revolution. What we are witnessing currently is next level technology disruption that is opening the doors to the next Digital Universe, and this was the very crux of this year’s iconic technology event, GITEX Global. Held at the Dubai World Trade Centre from October 10-14th, the largest edition till date, the event saw the coming together of the world’s technology community on a single platform.

Gitex Global, the UAE’s annual tech event, began on October 10 and ended on October 14

It was an extraordinary five days with revolutionary developments, innovative technologies, futuristic solutions, driverless cars, AI-driven products and incredible robots. The 42nd installation of GITEX Global, the UAE’s annual tech event, began on October 10 and ended on October 14.

Some of the key highlights of the 42nd edition of GITEX included the flying car, driverless taxi, holographic human, robots, and the new generation of virtual reality headsets, Hololens 2 by Microsoft, among others. However, what completely stole the show was the X-VERSE. Inspired by the Dubai Government’s vision and roadmap to become one of the top 10 cities globally in the Meta-verse economy, X-VERSE united the world’s most advanced tech ecosystems to empower diverse industries within the meta-verse.

The event featured a global lineup of companies and startups, showcasing innovative solutions across the meta-verse, artificial intelligence (AI), Web3, block-chain, 6G, cloud computing, fin-tech and big data. Here are some key highlights from Gitex Global.
RTA Dubai signed five MOUs with regional and international technology companies. It forged partnerships with the private sector and harnessing advanced technology solutions in running operations. The MOUs have been signed with Amazon Web Services (AWS), Microsoft, Moro Hub (Data Hub Integrated Solutions), Trapeze Middle East Telecommunication Equipment Trading and SAS.

The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) recently announced the launch of the third generation of UAE passport. At their #gitexglobal2022 stand UAE nationals can apply for new and renewed passports.
Residents who wish to apply for a new Emirates ID or want to renew their cards will soon be able to do so without having to leave their homes. At the ongoing Gitex Global in Dubai, the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) on Thursday announced the launch of a new smart service that will make Emirates ID applications hassle-free.

Team DevGate Participation

Since DevGate aims to be a world-class supplier of IT services, solutions and strategies, globally, our team did participate in the exhibition.

It was an honor for DevGate to participate in this undisputed technology event, where global industry leaders, start-ups, and game changers came together to present their technologically advanced solutions, and discuss, debate, and challenge new ideologies, as well as highlight new products and discover future opportunities.

Nearly 4000 technology companies from around the world came together to network and explore opportunities every year on this incredible and vast platform, which hosts more
than 800 start-ups, over 1000 speakers, and more than 170 exhibitors.

INCREDIBLE NETWORKING, KNOWLEDGE EXCHANGE, AND BUSINESS EMPOWERMENT

With some really interesting interactions and after getting to know some amazing people and innovative startups it’s safe to conclude that the DevGate team had 4 really exciting days at Gitex. We cannot wait to be back next year and seeing you guys at Gitex 2023. Until next time!

Exploration of DevGate’s Business Solutions

DevGate is a global leader in Custom/Enterprise software solutions, CRM Consultation /Implementation, Power Apps, Mobile App Development, Software Solutions, Web Development solutions, and other Emerging Technology solutions for Digital Transformation.
At this major GITEX event, DevGate showcased the continued progress it has made toward digital transformation and previewed its comprehensive operational framework, which will significantly improve the quality and value of the digital services it offers.   We have a dedicated team of experts that guides, implements, and develops the best solution for our clients. It is our top priority to listen to our client’s requirements.

Conclusion

GITEX is a great event to witness if you are nearby or if you are working in the technology domain. This event provides incredible networking opportunities, global exposure, more sales, and investments. However, it is not a fancy technology show where robots perform and drones fly around – it’s not an event for leisure or entertainment. Unless you are passionate about technology, in which case GITEX would be a treat for you.

Small-Business Financing: Compare the Best Options of 2022

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Payroll loans for small businesses: 6 options (plus helpful tips)

Sometimes as a small business owner, payday approaches and you realize you are short on the cash you need to pay your employees. This doesn’t automatically mean your business is struggling – it happens in periods of high growth as well. However, it’s a problem that payroll loans for a small business can solve. Read on to learn more about these loans and find some tips for making payroll.

What is a payroll loan?

A payroll loan is an umbrella term that includes the many types of small business loans, including private short-term loans and government-backed long-term loans that can be used to cover payroll..

How do payroll loans work?

The way payroll loans work varies by loan type. For example, if you’re using a merchant cash advance to cover your payroll expenses, you might repay your loan in daily increments. That’s a very different model than if you were to use SBA 7(a) loans for payroll financing where you’ll repay your loan in predictable monthly installments over a longer period of time.

Another thing to consider: With payroll loans, you might need funding sooner than later to pay your team. If that’s the case, your options might be limited to loans that offer rapid funding – and these loans often have terms that are unfavorable. You might get saddled with high interest rates and short repayment periods, resulting in higher monthly payments compounded by those high interest rates. If possible, it’s generally best to get a borrower-favorable loan, even if you have to wait longer for your funding.

6 payroll loan options for your small business

Whether you need to pay your employees tomorrow or you’re putting a fallback plan in place for future potential cash flow issues, you may have options. The below financing options may work wonders as payroll loans for your small business.

1. SBA 7(a) loans

SBA 7(a) loans are often considered the gold standard by small business funding experts. These government-backed loans come with long repayment periods, low interest rates, and high potential loan amounts. With SBA 7(a) working capital loans, you can cover payroll without generating a mountain of extra debt that needs to be repaid quickly.

Speaking of quick, SBA 7(a) loans have one considerable drawback when it comes to payroll loans. Namely, if you desperately need to pay your employees now, you can’t quite do that with SBA 7(a) loans. Completing, filing, and hearing back on your loan application can take a month – sometimes more. That said, if you qualify for SBA 7(a) loans, they’re a fit in every other way. And if you can wait to cover your expenses, you’ll be grateful you didn’t incur short repayment terms and high interest rates.

Below are some quick facts about SBA 7(a) loans.

Loan amount: $30,000 to $350,000
Repayment period: 10 years
Repayment schedule: Monthly
How long you’ll wait for funding: Typically at least 1 month