BILLIONS (AED) OF VALUE FOR DUBAI FROM INTERNET OF EVERYTHING BY 2019 New Cisco Consulting Services Study Unveiled at Dubai Smart Cities Forum Says Internet of Everything Can Lower Costs, Improve Productivity, Increase Revenue, and Improve Citizen Benefits for UAE Public and Private Sectors Driven by Dubai Smart City, Dubai’s public and private sectors can achieve a potential AED 17.9 billion (USD 4.87 billion) in value by 2019, according to a new Cisco study authored by Cisco Consulting Services released at the Dubai Smart City Forum.The Forum which focused on the Internet of Things opportunity for Dubai, was hosted by the Mohammed Bin Rashid School of Government and included a panel of experts speakers HE Ahmad Bin Byat, Chairman of the Executive Committee of Smart Dubai Initiative and the CEO of Dubai Holding; Howard Charney, Senior Vice President, Office of the Chairman and CEO and Cisco; Shukri Eid, Director, Cisco Consulting Services.The Cisco executive speakers, outlined how new levels of automation and connectivity are fuelling the next Internet of Things era which Cisco defines as the Internet of Everything (IoE). The IoE is the networked connection of people, process, data and things that generates value as “everything” joins the network. Several technology transitions – including the Internet of Things, increased mobility, cloud computing, and the growing importance of big data and analytics, among others – are combining to enable IoE.The IoE will create value by lowering costs, improving employee productivity, generating new revenue, and enhancing citizen benefits. In the private sector additional benefits include improvements in innovation, supply chain and asset utilization. The IoE’s value potential is likely to strongly appeal to Dubai’s smart city ambitions, which span six key pillars (life, society, mobility, economy, government, and environment), and more than 100 initiatives focusing on transport, communications, infrastructure, electricity, economic services, and urban planning.
Posted on: Sat, 13 Dec 2014 11:37:57 +0000
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