Over the next 12 to 18 months, these three trends are poised to connect the dots further on customer experience: artificial intelligence (AI), Internet of Things (IoT)-connected devices, and conversational interfaces.
Money pours into IoT/IIoT technology. Security and ROI are leading topics.
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The Internet of Things (IoT) is creeping into various sectors across the Middle East and Africa, from energy to manufacturing, and with it companies such as Schneider Electric of France and Germany’s Siemens are racing to increase operations throughout the region to support its adoption.
Caspar Herzberg, Schneider Electric’s regional president, said that amid expectations of an increase in business activity, it will add headcount, and manufacturing and research and development capabilities over the next five years, without giving figures.
“We expect to lay the foundations for a decade of growth,” he said “We have some cities like Dubai that are taking off in the IoT, and it’s here that you’ll probably have the prototype for the smart city.”
The UAE ranks first in digital adoption among Middle East countries and in Dubai an increase in smart services has resulted in cost savings of Dh4.3 billion over a 12-year period to 2015, according to the emirate’s Government.
“With this pressure on the cost side, [oil companies] try to see how this technology will enable them, such as with unmanned oilfields. These are discussions that will bring the technology and increase productivity,” Mr Khalaili said.
Yet challenges persist in terms of the pace of the overall transformation, including the allocation of corporate budgets towards increasing interconnectivity.