Wednesday , January 20 2021

UAE leads innovation in $546b global smart cities market

DUBAI / WAM

The UAE is leading innovation in the world’s Smart Cities market, which is set to reach $546 billion by 2027, industry experts announced ahead of Gitex Technology Week 2020.
Meticulous Research firm expects the global Smart Cities market to grow at 23 percent compound annual growth rate to $546 billion by 2027. Abu Dhabi and Dubai rank in the world’s top 50 Smart Cities, thanks to digital transformation of the government, Smart Dubai initiatives, and Expo 2020 Dubai as one of the world’s best connected events.
“The UAE’s ascension in global Smart City rankings is testament to the country’s government-led digital transformation,” said Savitha Bhaskar, COO, Condo Protego.
The leading UAE-based IT infrastructure and information management consultancy and solutions provider, Condo Protego, works closely with public and private sector organisations on their digital transformation to support Smart Cities.
“As the economy and society continue to evolve, Gitex sets the stage for five Smart Cities mega-trends of 2021: AI, cloud, 5G, digital economy, and cybersecurity,” added Savitha Bhaskar. “Knowledgeable and experienced channel partners can help Smart Cities to meet business goals with the right solutions and KPIs. “AI is being used for facial recognition in airports, predicting utilities spikes, and preventing disease outbreaks. Organisations can use AI with machine learning algorithms and real-time analytics to optimise their insights.
In digital transformation, data storage, data analytics, and hybrid cloud environments can combine to deliver the biggest business benefit.
As data storage drops in cost and increases in performance, organisations can adopt affordable, flexible, and scalable high-performance storage infrastructure. Data storage plus virtualisation can enable remote and hybrid working and learning.
Ultra-fast 5G mobile broadband networks are the foundation for the Internet of Things, Internet 4.0, and the Fourth Industrial Revolution. 5G can enable autonomous vehicles that safely reduce traffic, smart factories, and mega-events.

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