Growth

  • The smart city sector continues to expand exponentially and analysts have projected that it will hit $775 billion by 2021, following the announcement that more than 600 cities are set to go 'smart' in the next few years.

  • Rapid adoption of artificial intelligence (AI) solutions will increase the UAE's GDP by USD 96 billion by 2030, enabling organizations to better meet and predict customer and citizen trends and drive digital business innovation.

  • Global online marketplace and hospitality service Airbnb has indicated that it expects to maintain and enhance the rapid growth it has enjoyed in Africa in the last twelve months. Forecasters are predicting that the company is set to double its customer base from 765,000 to 1.5m in the next year.

  • China has been projected to lead the global adoption of 5G technology by 2023, according to research compiled by CCS Insight. CCS Insight have claimed that the country's booming market will ensure and facilitate that 5G is quicker out of the starting blocks than any other previous mobile technology.

  • The cybersecurity market in Latin America has been projected to almost double in size. Analysts have predicted that the sector which was estimated at $6.19bn will grow to $13.49bn by 2022.

  • As the Middle East accelerates its digital transformation and Smart Cities growth, regional data center spend will reach a record-high of USD 5 billion by 2020, industry experts announced today ahead of GITEX Technology Week.

  • The International Data Corporation (IDC) Worldwide Semiannual Internet of Things Spending Guide has predicted worldwide spending of Internet of Things (IoT) will reach $745 billion in 2019.

  • Ford Motor Co has announced its plans to open a 'smart mobility' facility in the UK. The US automotive colossus will extend its services by opening a new office in London - and plans to start a workforce of forty people. The 'smart mobility' facility will be located on Here East campus which is co-working business incubator, set up in part of the Queen Elizabeth Olympic Park.

  • US technology behemoth Google has announced that it will spend $13bn in expanding its US data centre network.

  • According to a recent research report from PwC Artificial Intelligence (AI) is expected to account for approximately 13.6% of the United Arab Emirates' GDP in 2030. However, AI is seen by many as being either a hero or a villain. On one hand, AI is currently driving nearly every CIO's agendabecause it intelligently automates work processes, making it possible to do things that have never been done before. But on the other, many workers are scared of the rise of AI as they believe it is rising from humble beginnings to become a villain that will steal their jobs.

  • A prominent executive for Samsung Electronics in India has claimed that locally manufactured devices are critical to fueling the projected explosion of IoT technologies in the country.

  • Mayor of London Sadiq Khan has expressed his confidence that the city's leadership in artificial intelligence can help it become a global-leading smart city.

  • Some of Norway's largest companies are joining forces in establishing a national powerhouse for artificial intelligence. Its aim is to improve the quality and capacity for research, education and innovation in the field.

  • PwC Middle East reports that Artificial Intelligence (AI) will contribute US$320 billion to the Middle East economy by 2030 - the equivalent to 11% of GDP.

  • Nee research into the global phenomenon of the Internet of Things (IoT) has claimed that revenue from the emerging technologies in the smart city sector will increase its total revenue from $25bn in 2017 to a whopping $62bn in 2026.

  • Swedish telecommunications firm Telia has announced expansion plans for its connected car service in new markets in both Northern and Eastern Europe. The connected car service which is entitled Telia Sense, is a cloud-based platform that offers connected car services to both old and new vehicles has proved to be a massive success following its deployments in Sweden and Denmark.

  • Thailand has announced its ambitious aim of introducing broadband access to every village in the country by 2018. The Thailand government has recognized the power of the digital economy in terms of creating innovation - which can significantly reduce the gap between rich and poor in the region. It has declared its long-term commitment to embracing technology and will attempt to bring connectivity to even the most remote parts of Thailand.

  • LinkedIn, the world's largest professional network has confirmed that the UAE is the most connected country in the world. The information released by LinkedIn accurately reflects the innovative and dynamic nature of the UAE.  The professional networking decides to publicly disclose the figures after it emerged that it had reached a milestone of 500 million members across 200 countries. The professional networking site has 22 million members in the MENA region alone.

  • A recent report conducted by IT market research firm 6Wresearch has found that the UAE is leading an innovative strategic shift in using CCTV from citizen security to Smart City quality of life services. Public and private sector organizations have installed thousands of CCTV cameras.

  • The US government has announced that it is set to refocus its efforts on examining ways in which it can help speed up the process of taking new technologies to the marketplace. The Trump administration has announced its intentions to bring together a group of drone makers, wireless companies and venture capitalists to explore practices that will enable the commercialization of these technologies in a much more streamlined fashion.