Dubai to host “The internet of Things World Forum” next year

Internet of Things (IoT) is estimated to create $19tr in economic benefit

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Dubai: Dubai Crown Prince Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum has announced that Dubai will host the third edition of “The internet of Things World Forum” on October 2015. The internet of Things (IoT) is opening up a world of real opportunities and rapidly transforming communities, cities and daily lives.

The annual Internet of Things World Forum (IoTWF) is coming to Dubai next year in partnership with Cisco Systems and will see the participation of more than 1500 government officials, heads of world’s largest businesses, academic and researchers joining to discuss the industry’s perspective on the explosion of growth and accelerated opportunity for the internet of Things (IoT).

The annual event will also explore the IoT’s impact on global economy and its role to address many challenges facing the world today.

At the next year’s internet of Things World Forum, delegates will gather in Dubai to collaborate, network, partner, and build the industry’s ecosystem together. The IoTWF is the one place where the entire IoT community can share the latest developments and emerging applications.

Commenting on the announcement, Sheikh Hamdan said, “His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister and Ruler of Dubai’s vision to transform Dubai into a world smart city has placed us at the heart of the IoT, a new, large-scale, rapid economy, where the city and its utilities is well connected with people, devices and data under one system to reduce costs and make life more easier and services at the reach of all. Value of business opportunities generated by this new economy is estimated to cross $19 trillion in the next nine years.”

“We will seek to establish Dubai as an international research centre on this new economic sector and as world model of the IoT,” he added.

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