The UAE is leading innovation in the $546 billion global smart cities market
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The UAE is leading innovation in the $546 billion global smart cities market

The UAE is leading innovation in the $546 billion global smart cities market

With its forward-facing mindset, the UAE is now leading innovation in the world’s Smart Cities market, which is set to reach $546 billion by 2027, according to data firm Meticulous Research.

  • Over the past few years, the UAE has been among the front-runners of embracing and implementing innovation in its cities
  • Smart Dubai 2021, a 5-year plan launched in 2017, seeks to push the eponymous Emirate into the digital future
  • A smart city involves many facets, such as 5G, IoT and cloud technology

5G, blockchain and IoT - these are terms common today in corporate circles, news articles and government meetings. At the end of the day, all of them fall under one umbrella, that of smart cities. 

Over the past few years, the UAE has been among the front-runners of embracing and implementing innovation in its cities. Smart Dubai 2021, a 5-year plan launched in 2017, seeks to push the eponymous Emirate into the digital future. The deadline is fast approaching, and soon we could see some of its initiatives, like that of a paperless government, soon coming to fruition. 

With its forward-facing mindset, the UAE is now leading innovation in the world’s Smart Cities market, which is set to reach $546 billion by 2027, according to industry experts.

Data firm Meticulous Research stated earlier this month that it expects the global smart cities market to grow at 23% CAGR 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 UAE-based IT infrastructure and information management consultancy and solutions provider, Condo Protego, works closely with public and private sector organizations 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.”

Read: The 5 stages of of an organization's 5G maturity: How does your company rank?

5 ways the UAE is transforming its cities, according to Condo Protego

1. Artificial Intelligence and Analytics

AI is being used for facial recognition in airports, predicting utility spikes and preventing disease outbreaks. Organizations can use AI with machine learning algorithms and real-time analytics to optimize their insights.

2. Cloud and Edge Computing

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, organizations can adopt affordable, flexible, and scalable high-performance storage infrastructure. Data storage plus virtualization can enable remote and hybrid working and learning.

3. 5G and Future Mobility

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.

4. Digital Economies

Amid the pandemic, three private sector verticals are digital transforming rapidly: banking, financial services, and insurance (BFSI), education, and retail.

BFSI firms are enabling remote work, secure digital customer services, and reducing risk and meeting compliance. Schools and universities are supporting e-learning with virtual lessons, online collaboration, and personalized coursework. Retailers and restaurants are re-orienting delivery routes and supporting targeting marketing.

5. Cybersecurity and Resilience

While the UAE has rapidly moved towards a smart and connected society, the increased connectivity also comes at a steep price of increasing cyber-threats.

Advanced threat intelligence can help secure cloud, endpoints, and networks from cyber-threats: ranging from traditional business email compromise (BEC) attacks and URL threats, to malware and ransomware, all of which can risk business continuity and customer trust.

Read: Top UAE banks that adopted blockchain technology and why

Author
Mark Anthony Karam

Mark Anthony Karam was an Editor at AMEinfo between 2018-2021. You can get in touch with him on LinkedIn here: linkedin.com/in/m-a-karam/

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