Gitex to highlight $1.6trn smart city opportunities

01 September 2016

The impact of the Internet of Things on Smart Cities could reach $1.6 trillion by 2025, according to experts set to speak at the Gitex Technology Week, the region’s largest annual IT trade fair, in Dubai, UAE.

The opportunities include $800 billion in transportation and $700 billion in healthcare, they added, citing a recent report by the research firm McKinsey Global Institute.

The 36th edition of Gitex Technology Week runs from October 16 to 20 at Dubai World Trade Centre.

Since its launch in 2014, with a mandate to make Dubai the happiest city on earth, enabled by smart technology, Smart Dubai has completed the first phase of its city transformation.

Other significant milestones in the past year include: completing phase one as the first pilot city for the United Nations’ International Telecommunications Union global Smart City index, and announcing the Smart Dubai Platform, the “digital backbone” of the city.

“Smart Cities are rising throughout the world, but governments need to agree on what actually makes a city smart. Dubai’s efforts to develop global benchmarks will help cities measure their progress, so that leading innovators, from Silicon Valley to Dubai to Bangalore, can deploy practical tools to measure how they’re improving people’s lives,” said Dr Jonathan Reichental, chief information officer of the City of Palo Alto, a key speaker at Gitex Technology Week’s Intelligent Cities Vertical Days Programme on 18 October.

The City of Palo Alto in California has been named one of the United States’ top five digital cities by the Centre for Digital Government from 2013-2015.

More Stories