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Hamdan bin Mohammed: Dubai to host "The Internet of Things World Forum" next year [Emirates News Agency (WAM) (United Arab Emirates)](Emirates News Agency (WAM) (United Arab Emirates) Via Acquire Media NewsEdge) Dubai, 25th October, 2014 (WAM) - Dubai Crown Prince and General Supervisor of Dubai Smart City Project HH Sheikh Hamdan bin Mohammed 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 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. According to Cisco, Internet of Thins (IoT) is estimated to create $19 trillion in economic benefit and value over the next decade. IoT will change the way of millions of lives and accelerated progress for IoT and technology trends project that as many as 50 billion smart devices and government data and operations will be connected to the internet by 2020, ushering the world into the age of ''Internet of Objects'' and a new world economy. The trend will create business opportunities initially in manufacturing, government, energy and health care that extend far beyond today's budgets for computer and communication systems. Wim Elfrink, EVP, Industry Solutions and Chief Globalisation Officer,Cisco, anounced at his closing remarks of the 2014 event that Dubai, UAE, will serve as the host city for the 2015 Internet of Things World Forum. Commenting on the announcement, Sheikh Hamdan said ,'' Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum'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. (c) 2014 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. (Syndigate.info). |