Businesses 'must embrace new IoE for growth'
Manama, April 7, 2013
Businesses and individuals in the Middle East need to embrace the Internet of Everything (IoE) to capture a share of a $14.4 trillion market, according to Cisco.
The technology major believes that "as we move into a fundamental mobile and video world, the IoE, which combines the intelligent devices with the Internet, will boost overall corporate profits by 21 per cent by 2022," reported the Gulf Daily News, our sister publication, citing an expert.
"This phenomenon is powered by cloud computing, mobile computing, bring your own device to work (BYOD), unified communication, social networking, big data and business economics," remarkesd ICT expert Dr Jassim Haji, who's also Gulf Air IT director.
"What is encouraging this trend is that every instrument we use in our daily life can be equipped with a chipset, connect to the Internet via wireless, 3G, or even via network over the power infrastructure, and thus produce data.
"A decade ago, most physical objects and devices were not connected to the Internet.
"Nowadays, many devices are getting connected to more and more advanced degrees.
"Such connectivity will be ubiquitous by 2020, creating an unprecedented opportunity to connect the unconnected - people, process, data and things," Dr Haji said.
Senior executives from Cisco unveiled the company's IoE strategy at Cisco Connect UAE 2013.
"Business leaders in the Middle East today are seeking technology partners who can guide them through this unprecedented change and shape their organisations for the future," said Cisco's Gulf, Levant and Pakistan director and general manager Tarek Ghoul.
"They're asking - how can all this connectivity help me grow my business, deliver better services and experiences, and open up new possibilities?
"The IoE will transform the way we work, live, learn, and play. Cisco has been right at the heart of it all," Mr Ghoul said.
"Cisco remains focused on helping businesses and governments drive sustainable growth in the Middle East by providing expertise to the region.
"This includes network-based technologies to help organisations innovate, drive new business models, increase productivity and create new opportunities," the Cisco official said.
According to Dr Haji, however, it is certain that IoE, as a vision, will face many difficulties as it comes to fruition over the next seven years.
"Some of these challenges will be familiar (security, privacy, and reliability) while others may require having open social and political discussions," Dr Haji said.-TradeArabia News Service
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