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Egypt among countries with highest growth momentum in ICT: Huawei [Arab Finance (Egypt)](Arab Finance (Egypt) Via Acquire Media NewsEdge) Cairo - Egypt, Chile, and Kenya were found by a study to have the highest growth momentum in information and communications technology (ICT) capabilities, Huawei said recently in its Global Connectivity Index (GCI) report. It added that through centralized planning, potential connectivity can be fully leveraged and ICT capabilities will support positive growth of national economies. The GCI study found that country connectivity correlates with GDP, with Huawei's analysis of 16 indexes showing that for each GCI percentage point increase the GDP per capital increases 1.4-1.9 percent, relatively higher for emerging countries. Among the countries surveyed, Germany ranks first due to its strong commitment and ongoing investment in information and communications technology (ICT) development, resulting in a market with competitive vitality. At its annual Cloud Congress (HCC) held in China, Huawei released the GCI report that details the commitment and progress that various countries have made in bettering their own connections and the impact it is having on GDP. The findings detail 25 developing and emerging countries, which account for 78 percent of global GDP and 68 percent of the world's population. It reviews 10 industries including finance, manufacturing, education, transportation and logistics, providing a quantitative assessment of connectivity and its value from both national and industrial perspectives. Huawei forecasts that by 2025, as many as 100 billion connections will be generated globally, 90 percent of which will come from intelligent sensors. This increase will be attributed to enterprises becoming enabled by the Internet. By leveraging connectivity to streamline business processes, reduce costs and improve efficiency, enterprises will drive innovation and move the focus from a consumer driven Internet to an industrial one. The Kingdom of Saudi Arabia ranked 19th in terms of creating a competitive market, affordable services and excellent quality of service thanks to the country's significant investment into ICT, Huawei said recently in its Global Connectivity Index (GCI) report. As the only country named in the GCC, Saudi Arabia scored well in embracing digital reformation where businesses are most likely to have created and is in the process of executing company-wide transformation, recognizing ICT as the core enabler, the report noted. According to market intelligence firm IDC, Saudi Arabia is the biggest ICT market in the Middle East accounting for more than $7 billion in predicted spending in 2014, with the public sector allocating $1.63 billion to improve government services, education, healthcare and transportation amongst others. Source: Saudi Gazette & Arab Finance Editor (c) 2014 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |