Latest news with #Endava
Yahoo
22-07-2025
- Business
- Yahoo
Deutsche Bank Resumed a Hold Rating on Endava plc (DAVA)
Endava plc (NYSE:DAVA) is one of the . On July 16, Deutsche Bank resumed coverage on Endava plc (NYSE:DAVA) with a Hold rating and a $14 price target. The firm noted in a research report that the cautious rating reflects broader industry challenges, highlighting that the payments, processors, and IT services sectors have underperformed against the S&P 500 this year. This underperformance was driven by overly optimistic investor expectations around the November election that did not materialize. The analyst highlighted that trade uncertainties and concerns about consumer spending have made the outlook for the group very uncertain, which is the most uncertain in the last five years. Under the current market scenario, Deutsche Bank favors companies with consistent sales growth, margin expansion, and strong free cash flow generation. Endava plc (NYSE:DAVA) is a technology service provider specializing in digital transformation and engineering services. It helps clients design, develop, and deploy software products and platforms using agile and AI-driven approaches. While we acknowledge the potential of DAVA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Arabian Business
19-07-2025
- Business
- Arabian Business
UAE executives trust AI to take lead on pay rises, recruitment and even personal health
UAE business leaders are showing record-breaking trust in artificial intelligence (AI), with nearly 80 per cent saying they are comfortable with fully automated systems making high-stakes decisions—including those affecting pay, hiring, health, and even personal life choices. The findings, from a new study by next-generation technology firm Endava, show that AI in the UAE is no longer just a support tool—it's becoming a strategic decision-maker. According to the research: 79 per cent of UAE executives trust AI to allocate company budgets, even if those decisions influence individual compensation 80 per cent are comfortable with AI overseeing health and safety functions 79 per cent support AI-driven hiring, performance, and redundancy decisions AI in the UAE Remarkably, the trust in AI extends beyond the workplace. Four in five respondents said they would rely on AI to: Guide their career trajectory Determine ideal salary progression Provide personal financial advice, including retirement planning Offer health recommendations David Boast, General Manager – UAE and KSA at Endava, said: 'Trust is the critical enabler of any AI strategy. The UAE's clear national vision, its youthful and tech-savvy demographic, and its digital-first mindset are combining to give organisations a unique opportunity to innovate with confidence. 'While other regions remain cautious, weighed down by debates over job displacement, our research shows that businesses in the UAE can move forward with certainty, knowing their workforces are not only ready for AI, but actively embracing it.' This growing confidence comes amid the UAE's multi-billion-dollar investments into AI infrastructure and a clear national ambition to lead in the sector. Nearly 46 per cent of respondents believe the UAE is ahead of the global curve in AI adoption, ranking the Middle East third worldwide behind only the US and China. AI is boosting business performance and job satisfaction The business case is strong: 71 per cent of decision-makers said AI has already improved profitability 75 per cent believe AI will boost job satisfaction Nearly three-quarters say their company is creating new AI roles, including 'Head of AI' and specialist deployment teams At the same time, more than half of respondents warned that without meaningful AI progress, their companies risk losing market share within two years. Despite high enthusiasm, only 25 per cent of companies believe their current systems—especially data infrastructure—are fully ready to support enterprise-grade AI. Boast called on organisations across the UAE and the wider Middle East to focus not only on AI investment, but on smart implementation. He said: 'This includes laying the right data foundations by modernising their core systems, integrating AI responsibly into operations, leveraging pre-built AI accelerators, and prioritising solutions that complement human potential rather than replace it. 'The UAE's AI enthusiasm must be tempered by clear strategy, and outcome-driven efforts. At Endava, we are proud to support regional governments and enterprises filtering through the AI buzz, to extract and incorporate those impactful use cases. 'With a workforce this receptive and government vision this clear, this approach is helping position the UAE as a global reference point for AI done right.'
Khaleej Times
17-07-2025
- Business
- Khaleej Times
UAE business leaders give AI green light for high-stakes business decisions
Business leaders and management executives in the UAE are showing unprecedented levels of trust in artificial intelligence (AI), with a significant majority expressing confidence in fully automated systems making high-stakes decisions that directly affect their working lives. From determining salary levels and making hiring or redundancy recommendations, to designing health and safety policies, new research reveals that employees are ready for a new era of AI-led decision-making that goes far beyond automation of low-risk tasks. The study, launched by Endava, a leading next-generation technology services provider, found that 79% of UAE business decision-makers trust AI to allocate budgets within organisations, including decisions that could impact individual compensation. The same proportion expressed trust in AI to manage talent, including hiring and performance management, while 80% would be comfortable with AI-driven systems overseeing critical health and safety functions. This trust extends well beyond the workplace. Individuals are now looking to AI as a strategic advisor in their personal lives. Four in five respondents said they would trust a fully automated AI system to make decisions about their careers, from determining ideal salary progression to advising on when to seek promotions or consider new roles. An equally high percentage would trust AI to make personal financial decisions such as investments and retirement planning, while the same level of trust applies to automated health recommendations. All this highlights the public's readiness to hand over significant life decisions to intelligent systems. These findings come at a time when the UAE is rapidly solidifying its position as a global AI leader, having this year announced plans for several billion-dollar investments into AI infrastructure and innovation. This ambition appears to be resonating with the public. Nearly half (46%) of respondents believe the UAE is well ahead of the rest of the world in terms of AI adoption and general usage. And when asked to assess global leaders in AI, respondents ranked the Middle East third, behind only the United States and China. David Boast, General Manager – UAE & KSA at Endava, said, 'Trust is the critical enabler of any AI strategy. The UAE's clear national vision, its youthful and tech-savvy demographic, and its digital-first mindset are combining to give organisations a unique opportunity to innovate with confidence. While other regions remain cautious, weighed down by debates over job displacement, our research shows that businesses in the UAE can move forward with certainty, knowing their workforces are not only ready for AI, but actively embracing it.' This readiness may be closely linked to optimism about the role of AI in creating, not eliminating, job opportunities. Nearly three-quarters of business decision-makers said their organisation has already created or plans to create dedicated AI roles such as 'Head of AI', and 75% believe that successful AI implementation will significantly improve their job satisfaction. The business case for AI adoption is equally compelling. 71% of business decision-makers said that AI has already had a direct impact on boosting their company's profitability. At the same time, the pressure to keep pace is mounting: over half of respondents said that if their organisation fails to make meaningful progress in AI adoption, it would begin to lose market share within just two years. Some organisations appear to be responding to that call. Around 30% of respondents reported that their companies plan to invest significantly more in AI in 2025 compared to 2024. Yet, challenges remain. Only a quarter of business decision-makers believe their company's current infrastructure, from data management to analytics, is fully ready for the demands of enterprise-grade AI deployment. To capitalise on this momentum, Boast called on organisations across the UAE and the wider Middle East to focus not only on AI investment, but on smart implementation. 'This includes laying the right data foundations by modernising their core systems, integrating AI responsibly into operations, leveraging pre-built AI accelerators, and prioritising solutions that complement human potential rather than replace it. The UAE's AI enthusiasm must be tempered by clear strategy, and outcome-driven efforts. At Endava, we are proud to support regional governments and enterprises filtering through the AI buzz, to extract and incorporate those impactful use cases,' he said. 'With a workforce this receptive and government vision this clear, this approach is helping position the UAE as a global reference point for AI done right.'
Al Etihad
16-07-2025
- Business
- Al Etihad
Business leaders trust AI in decision-making as UAE vision boosts confidence
16 July 2025 22:09 MAYS IBRAHIM (ABU DHABI)Seventy-nine percent of business leaders in the UAE trust artificial intelligence (AI) to make budget decisions and manage talent functions, covering key aspects like compensation, hiring, and performance evaluation, according to a recent research, conducted by next-generation technology services provider Endava in partnership with 3Gem, surveyed 300 UAE business leaders across various industries to explore their views on AI in business, personal life, and survey revealed broad confidence in the technology's capabilities, with 80% of respondents saying they would feel comfortable with AI-driven systems overseeing critical health and safety functions at UAE businesses, adopting AI emerged as the top strategic priority, followed by enhancing client services and investing in other trust extends beyond the workplace into personal decision-making, according to the in five respondents said they would rely on fully automated AI systems for major career decisions, including salary progression and timing for promotions or job equally high percentage trust AI for personal financial management, such as investment and retirement planning, as well as for automated health study also showed that 74% of respondents agree that access to AI is as essential for UAE society as access to utilities like water and energy. Moreover, 79% believe that successful AI implementation will significantly improve the quality of life in the country. National Strategy The UAE is rapidly solidifying its position as a global AI leader with billion-dollar investments in AI infrastructure and innovation announced this momentum appears to resonate with the public, as 46% of those surveyed feel the UAE is ahead of the world in AI adoption and asked to rank global AI leaders, the Middle East was placed third, after the US and China."Trust is the critical enabler of any AI strategy. The UAE's clear national vision, its youthful and tech-savvy demographic, and its digital-first mindset give organisations a unique opportunity to innovate with confidence," said David Boast, General Manager for UAE and Saudi Arabia at Endava."While other regions remain cautious, weighed down by debates over job displacement, our research shows that businesses in the UAE can move forward with certainty, knowing their workforces are not only ready for AI, but actively embracing it."The study's findings indicate optimism about AI's impact on the job market. Nearly 75% of business leaders say their organisations have already created or plan to create dedicated AI roles, such as 'Head of AI.'The same percentage believe AI will improve employee job satisfaction, while 71% report AI has directly boosted their company's is also a sense of urgency: 66% of respondents think their organisation risks losing market share within two years if it fails to advance its AI capabilities, while 35% warn this could happen in less than a year. According to Endava, around 30% of companies plan to significantly increase AI investments in 2025 compared to 2024.
Tahawul Tech
16-07-2025
- Business
- Tahawul Tech
'The UAE's AI enthusiasm must be tempered by clear strategy, and outcome-driven efforts.' – David Boast, Endava
A comprehensive report by Endava, has shown that the UAE is showing unprecedented levels of trust in AI. From determining salary levels and making hiring or redundancy recommendations, to designing health and safety policies, new research reveals that employees are ready for a new era of AI-led decision-making that goes far beyond automation of low-risk tasks. The study, launched by Endava, the leading next-generation technology services provider, found that 79% of UAE business decision-makers trust AI to allocate budgets within organisations, including decisions that could impact individual compensation. The same proportion expressed trust in AI to manage talent, including hiring and performance management, while 80% would be comfortable with AI-driven systems overseeing critical health and safety functions. Remarkably, this trust extends well beyond the workplace. Individuals are now looking to AI as a strategic advisor in their personal lives. Four in five respondents said they would trust a fully automated AI system to make decisions about their careers, from determining ideal salary progression to advising on when to seek promotions or consider new roles. An equally high percentage would trust AI to make personal financial decisions such as investments and retirement planning, while the same level of trust applies to automated health recommendations. All this highlights the public's readiness to hand over significant life decisions to intelligent systems. These findings come at a time when the UAE is rapidly solidifying its position as a global AI leader, having this year announced plans for several billion-dollar investments into AI infrastructure and innovation. This ambition appears to be resonating with the public. Nearly half (46%) of respondents believe the UAE is well ahead of the rest of the world in terms of AI adoption and general usage. And when asked to assess global leaders in AI, respondents ranked the Middle East third, behind only the United States and China. Commenting on the research, David Boast, General Manager – UAE & KSA at Endava, said, 'Trust is the critical enabler of any AI strategy. The UAE's clear national vision, its youthful and tech-savvy demographic, and its digital-first mindset are combining to give organisations a unique opportunity to innovate with confidence. While other regions remain cautious, weighed down by debates over job displacement, our research shows that businesses in the UAE can move forward with certainty, knowing their workforces are not only ready for AI, but actively embracing it.' This readiness may be closely linked to optimism about the role of AI in creating, not eliminating, job opportunities. Nearly three-quarters of business decision-makers said their organisation has already created or plans to create dedicated AI roles such as 'Head of AI', and 75% believe that successful AI implementation will significantly improve their job satisfaction. The business case for AI adoption is equally compelling. 71% of business decision-makers said that AI has already had a direct impact on boosting their company's profitability. At the same time, the pressure to keep pace is mounting: over half of respondents said that if their organisation fails to make meaningful progress in AI adoption, it would begin to lose market share within just two years. Some organisations appear to be responding to that call. Around 30% of respondents reported that their companies plan to invest significantly more in AI in 2025 compared to 2024. Yet, challenges remain. Only a quarter of business decision-makers believe their company's current infrastructure, from data management to analytics, is fully ready for the demands of enterprise-grade AI deployment. To capitalise on this momentum, Boast called on organisations across the UAE and the wider Middle East to focus not only on AI investment, but on smart implementation. 'This includes laying the right data foundations by modernising their core systems, integrating AI responsibly into operations, leveraging pre-built AI accelerators, and prioritising solutions that complement human potential rather than replace it. The UAE's AI enthusiasm must be tempered by clear strategy, and outcome-driven efforts. At Endava, we are proud to support regional governments and enterprises filtering through the AI buzz, to extract and incorporate those impactful use cases,' he said. 'With a workforce this receptive and government vision this clear, this approach is helping position the UAE as a global reference point for AI done right.'
