Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Saudi Deputy FM meets Lt. Gen. Al-Burhan of Sudan    Al-Khateeb: Saudi Arabia is the largest global investor in tourism sector "Saudi Land" pavilion inaugurated at World Travel Market in London    Saudi Crown Prince, Japanese PM discuss over phone efforts made to achieve peace in the region    Saudi Arabia, in its drive to enrich Arab culture, launches Arab Week at UNESCO in Paris    Neymar exits Al Hilal match with muscle injury, leaving fans disappointed    AlHisn Big Time Studios unveiled to transform film and TV production in Riyadh    Saudi Arabia approves cooperation agreement with US for the use of outer space for peaceful purposes    Quality of Life Program CEO highlights Saudi urban transformations at UN-Habitat conference in Cairo    Almarai wins 'Best Corporate Sukuk' at Asset Triple A Islamic Finance Awards    Top climber falls to death after rare Himalayan feat    US voters flying home in time for election    Drones and snipers on standby to protect Arizona vote-counters    India's Modi condemns violence after Canada temple incident    Elon Musk can keep giving $1m to voters, judge rules    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Quincy Jones, titan of US music, dies aged 91    Hidden sugars in Asia's baby food spark concerns    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



‘Dramatic disruption' ahead in digital age
Published in The Saudi Gazette on 15 - 12 - 2015


Saudi Gazette
DUBAI — The most fundamental change that will occur in the world in the upcoming years is a massive digital transformation of every business, home, city and country that will cause a disruptive force. This was disclosed at the third Internet of Things World Forum (IoTWF) hosted by Cisco in Dubai recently.
The Internet of Things (IoT), linking smart objects and enabling an exchange of data in a network, is predicted to connect 50 billion devices by 2020.
In the past 2 years, the annual IoTWF, first launched in Barcelona followed by Chicago, discussed the urgent need to embrace change and make the right transition in the digital world.
"By 2020, 75 percent of businesses will become fully digital," said John Chambers, executive chairman at Cisco Systems.
As the world faces a rising aging population, an urban boom, the need to feed the planet, and retooling the industry's carbon footprint, the main concern is how big are the problems that can be solved by IoT technology, aimed to improve the quality of life.
However, Chambers says that only 30 percent of these digitization efforts will be successful because of failure to innovate and reinvent themselves as leaders.
"During the past decade, most leaders understand this will be the most basic transformation regardless of their industry", he said. "And it will occur at tremendous speed as the world goes digital. The speed of innovation and growth will also result in dramatic disruption".
Disruption is predicted to cause 40 percent of today's global major companies to cease existing "at a meaningful way" in the next decade.
Today, only 7 percent of CEOs who think digitization is crucial actually have a digitization strategy.
Chambers indicated that the economic benefit in 10 years will be the equivalent to $19 trillion in terms of profits and cost-savings.
To catch up with the digital world, Global President of Smart and Connected Communities at Cisco Anil Menon said the biggest challenge is to change business models to adapt to consumers.
A common set of standards is important to achieve. "Too often companies have been in silos," he explains. "That's why it's important to bring them together".
Cyber security and hacking remains a pressing issue in networks.
According to Vice President of Products and Solutions Marketing for Cisco Inbar Lasser-Raab, the solutions to obstacles today are network connectivity, fog computing, and extracting new value from data analysis in order to combat interoperability, manage security threats, and foster innovation.
Menon further says "Design needs to be innovated. Developers become very important. In cities, urban services are becoming a global industry. They're the next generation of jobs. Smart ups have increased from 127 in 2013 to 1,500 by 2015".
In addition, Chambers said one of the fundamental elements to a successful city or country is "the courage to change", exemplified in Dubai's efforts to become the "smartest city in the world" in a short period of time.
Similarly, a number of cities have already adopted a single digital data platform in smart cities including, Kansas City, MO in the US, Adelaide in Australia, Hamburg, Germany and Bangalore in India.
The event hosted over 1,500 government and business leaders who addressed common challenges and discussed opportunities to build an IoT ecosystem.


Clic here to read the story from its source.