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Internet Of Things

IoT to drive Middle East’s $70 billion digital contribution to GDP

IoT to drive Middle East’s $70 billion digital contribution to GDP

At the 37th GITEX Technology Week, SAP said that IoT is poised to show solid growth and will be the catalyst for the Middle East’s $70 billion digital contribution to its GDP. Internet of Things (IoT) has been known as the next Industrial Revolution, and it will have huge impact on the way organizations and consumers interact with the physical world.

GITEX, one of the biggest marketplaces for Middle East & Africa, is organizing the Annual Trade Show from 8-12 October at Dubai World Trade Center. This will empower the IoT expenses in Middle East, North Africa and Southwest Asia, which is expected to grow 20% to $8 billion in 2017, per IDC.

SAP, business transformation partner of GITEX, promoted a demo of Live Airports Concept based on IoT. The Live Airport Concept utilizes digital dashboards with analyzed sensor data, and will help managing airport trips, conducting intelligent boarding, and improving airline security queues.

“At GITEX, SAP and our Training and Development Institute are committed to supporting ambitious global startups and entrepreneurs at the GITEX Future Stars. Our Startup Focus program is helping to bring Big Data, predictive, or real-time analytics startups to market. Our Startup Focus program has hosted more than 950 entrepreneurs across the Middle East and North Africa region, and GITEX is a prime global event to engage with more innovators,” said Tayfun Topkoc, managing director, SAP UAE and Oman.

In addition to Live Airport Concept, SAP also displayed its latest releases- SAP Leonardo, Smart Hajj Concept, and SAP Blockchain for real estate, under the theme ‘Empathy to Action’.

The Smart Hajj concept has been designed for millions of pilgrims for a better journey experience by optimizing transport, immigration and digital payment processes. They will have all-in-one experience from airport to Holy sites using the real-time analytics based on monitoring bracelets, GPS locations, and video & environmental data.

SAP signed an IoT partnership with Spectrum, for developing seamless Digital Hospitality Platform.

It also endorsed the winnovate platform which is used for creating collaborating learning opportunities based on development techniques. SAP experts discussed about smart cities and smart manufacturing during GITEX Vertical Days conference sessions.

Also read: IoT helps CIOs and CTOs unlock new revenue opportunities from existing products and services

The target of GITEX is to drive the world’s smart digital transformation, support young entrepreneurs, and enhance Dubai and the UAE’s standing as one of the foremost capitals of innovation.

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