FINANCIAL NEWS

Dubai ‘Internet of Things’ to produce USD 13.3tr

20 Dec 2015

(MENAFN) The Internet of Things (IOT) World Forum (IOTWF) in Dubai was a big success with more than 2,000 attendees, which have the potential to make revenue of USD 13.3tr.

Furthermore, the Forum emphasized three key themes; the first theme was ‘Awaken’, the second was ‘Activate’ and the last one was ‘Accelerate.’

“Cities who scale first will be the winners in an increasingly competitive environment. As host to the 2015 IoTWF, Dubai is rapidly transforming into becoming one of the smartest digital cities,” said Cisco president.

He added, to put the growth of IOT numbers, one could observe 40 to 80bn connected objects by 2020.

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