Enabled by IoT technologies, big data, and the cloud, the smart grids of tomorrow will, in effect, be capable of running themselves. They’ll gather massive amounts of data from smart sensors littered across every operational part of the grid — from transmission cables and transformers, to appliances in end-users businesses and homes — analyzing it all in order to make smarter, more informed decisions, big to small.
In the 21st century, business has to be digital if it is to abide.
From direct-to-consumer ecommerce activity, to the vast amounts of data generated and waiting to be mined, digital tools must be wielded — not only for business to thrive, but simply to survive.
Digital transformation of the transport industry is well underway. And one of the ways that IoT technologies and big data analytics can come together is to provide smart parking solutions.
As we continue to embed digital technologies in our work and in our homes at an unprecedented rate, the world economy stands at a new tipping point. According to market research firm IDC, by 2023 the global economy will reach digital supremacy — the point at which products and services provided by digitally transformed enterprises will account for more than half of total global GDP.
Urbanization is accelerating across the globe, with an increasing number of people living and working in cities. In an effort to match this trend, governments in the Middle East have adopted various policies ranging from greenfield developments touted as future cities (such as NEOM in Saudi Arabia), to accelerating urban digital transformation (Doha), and incorporating a 'happiness' oriented mindset (Dubai). Infrastructure investments lie at the heart of all such efforts, but they are capital-intensive and time-consuming. Therefore, future plans need to accommodate for much longer-term growth, addressing the huge volume of users as well as their evolving requirements.