Connecting up the Gulf Cooperation Council through the internet of things
The Middle East’s push towards economic diversification is driving innovation in internet of things (IoT) applications for emerging services sectors, such as transport and logistics, telecommunications, financial services and tourism.
In fact, the IoT could become an important way for Gulf Cooperation Council (GCC) countries to diversify their economies away from a heavy dependence on oil sales.
“In the very near future, the IoT will become a key aspect of GCC economic diversification strategies and, ultimately, global and regional competitiveness,” said Raghu Mandagolathur, head of research at the Kuwait-based Markaz Research Centre.
“The data gained from the IoT is the foundation for a range of emerging technologies, such as machine learning, robotics, automation, 3D printing, artificial intelligence and augmented reality,” he added. “Data is quickly becoming vital to the profitability and success of GCC businesses, as well as to the enhanced efficiency and effectiveness of government service delivery.” Read more…
