Connect with us

News

CISCO CALLS ON MIDDLE EAST ORGANISATIONS TO EMBRACE IOT ERA

Published

on

Updated : June 9, 2015 09:40  am,
By Editor

img49O&G Research highlights that Digital Transformation requires effective Data Management and Analytics to generate operational and business benefits

On the Eve of the inaugural Internet of Things Expo (IoTX) 2015, taking place in Dubai on the 8th and 9th June 2015, Cisco executives called for Middle East Organizations to embrace the Internet of Everything (IoE) Era by adopting strategies to become fully digitized.
According to Gartner, by 2020, 75% of businesses globally will be a digital business or will be preparing to become one. While many organizations have digital business transformation initiatives planned or underway, Gartner predicts that only 30% of these efforts will be successful due to lack of talent and technical expertise. As countries, cities, industries and businesses become digital they will recognize the tremendous opportunity the next wave of the Internet – the IoE – presents for new revenue streams, better customer and citizen experiences, and new operational models to deliver value and Middle East organizations need to follow suit.
“As customers embrace the Internet of Everything, they must bring together the use of information technology (IT) and operational technology (OT) in the context of their vertical industry. In the Middle East, we see significant opportunities for the Public Sector, as governments seek to create new sources of revenue, better citizen experiences, and create new jobs. Similarly, we see significant opportunities across Retail, Energy, Financial Services, and Healthcare to help customers transform to embrace the IoE,” commented Rabih Dabboussi, General Manager for Cisco in the UAE. “Most organizations are not realizing the full value from their digital projects because they fail to recognize that their digital strategy and business strategy are becoming one and the same. Our Cisco Consulting team helps customers develop the right digital strategy to transform their business and win in their industry,” Dabboussi continued
According to the latest Cisco Visual Networking Index (VNI) Forecast 2015, launched last week, annual Internet Protocol (IP) traffic will triple between 2014 and 2019, when it will reach a record 2 zettabytes. Factors expected to drive traffic growth include global increases in Internet users, personal devices and machine-to-machine (M2M) connections, faster broadband speeds, and the adoption of advanced video services.
According to the forecast in the Middle East and Africa, by 2019:
·         There will be 53.6 million business mobile users
·         The average mobile business user will have 2.3 mobile devices/connections (including M2M)
·         M2M was the largest business device/connection category with 145.0 million
·
There will be 3.1 million Desktop Video Conferencing users
In 2015, Cisco Consulting Services conducted a survey across 14 different countries (including the UAE, Nigeria and Turkey) that uncovered the urgency for the oil and gas industry to adopt digital technologies powered by the Internet of Everything (IoE) to stay competitive
Offshore oil platforms can generate between 1TB and 2TB of data per day, with most of this data is time-sensitive, pertaining to platform production and drilling-platform safety. Satellite communication is the most common link to transmit data from an offshore rig, with data speeds from 64Kbps to 2Mbps. This means it would take over 12 days to move one day’s worth of oil-platform data to a central repository. To address this, assessing and moving valuable data is key. An effective data strategy automatically detects whether the data needs to be sent to the cloud for analysis or if relevant data can be analyzed at the “edge” of the network, where the data is collected (on the sensors, machines, drills, etc). This is called edge computing. These analytics allow O&G companies to gain greater real-time insight, thus providing specific business and operational advantages:
“To be ready for this digital transformation, organizations need to transform their business strategy and IT, connect everything, embrace analytics, and secure their technology and operations. Our survey identified intelligence from data as the key area needed to improve operational efficiency, and data analytics as the No. 1 IoE driver for faster, better decision-making,” commented Shukri Eid, Director – Middle East, Africa, Russia, and CIS, Cisco Consulting Services. “Digitization will also transform the way industries such as Oil & Gas, banking, retail, tourism and manufacturing, to name some, operate today. This in turn will create employment opportunities and contribute to economic growth through innovation”.
Continue Reading

News

THIRD EDITION OF BENTLEY’S EXTRAORDINARY WOMEN INITIATIVE WELCOMES STUDENTS FROM THE UK AND QATAR TO CREWE

Published

on

Extraordinary Women

The third edition of Bentley Motors’ Extraordinary Women initiative has concluded with students from universities in the UK and Qatar spending a week at the luxury car brand’s headquarters in Crewe, England. As part of a specially designed schedule, they met with Bentley experts and executives, went behind the scenes of its manufacturing operations, and tackled individual tasks.

Designed to encourage and develop the next generation of young female leaders, the 2024 edition of the Extraordinary Women programme has seen the students receive one-on-one mentorship over the past three months from a selection of inspirational Pioneers from the fields of technology, engineering, design, and business.

The students, who passed through a structured selection process focused around these four specific fields, came from a variety of participating universities: including The University of Doha for Science and Technology in Qatar, and the Universities of Bath, Loughborough, and Manchester Metropolitan in the UK.

Noora Al-Hajri, University of Doha for Science & Technology student, commented, “This experience has been nothing short of life-changing. Through the programme, I have gained invaluable knowledge and skills that will significantly impact my personal and professional growth. The opportunity to learn from inspiring mentors in both Qatar and the UK has been particularly enriching. Their guidance has broadened my horizons, challenged me to think critically, and empowered me to pursue my dreams with renewed confidence. The opportunity to visit the Bentley headquarters at the end of the programme has also been truly awe-inspiring. Thank you, Bentley, for believing in us and for creating such a transformative programme.”

The Pioneers were equally carefully selected. In the UK, entrepreneur Sara Davies MBE, founder and owner of Crafter’s Companion and TV personality from BBC One show Dragons’ Den, provided business mentorship, with Cecilia Harvey, founder of Tech Woman Today, offering the same in the field of technology.

Titi Oliyide CEng MIET, Senior Process Safety Engineer and winner of the 2023 Young Woman Engineer of the Year, mentored the engineering student, and renowned interior designer and Founder of Studioilse, Ilse Crawford provided design support.

The four Qatari Pioneers included Qatar’s UNESCO art ambassador, Muna Al-Bader, in the field of design. Dr Noora Fetais Al Marri, honoured by the Arab Women of the Year 2024 awards for her contributions to cyber security. Education and founding President of the Arab Association for Cyber Security, offered technology mentorship.

Covering the field of engineering was Dr. Hanan Farhat, founder of the Qatar Association for Women Engineers, and Dr. Buthaina Al Ansari in the field of business, who is a senior advisor at the organisation that established Tamkeen Training and Consulting Solutions.

Member of the Board for Human Resources at Bentley Motors, Dr. Karen Lange, commented, “With every year, the Extraordinary Women programme grows stronger, as exemplified by the quality of this year’s Pioneers, all who have generously given their time in the spirit of collaboration as we seek to build a legacy for young women. It has been a great honour to meet and engage with such talented young women during their visit – witnessing their energy and ability fills me with great optimism for the future.”

Launched in the UK and Middle East in 2022, the Extraordinary Women initiative has previously engaged students and Pioneers from the United Arab Emirates, Saudi Arabia, and the United Kingdom. It forms part of Bentley’s wider commitment to diversity, equity, and inclusion under its Beyond100 strategy, and was created to encourage women to explore a variety of career paths in the STEM and automotive sectors.

Continue Reading

Financial

Reem Finance signs with Network International to accelerate digital transformation

Published

on

Network International (Network) has announced the signing of a strategic partnership with Reem Finance, the leading financial services provider in the UAE. The strategic alliance aims to leverage Network’s expertise to provide a fully-fledged payment processing solution to support the digital transition.

The partnership with Network complements Reem Finance’s focus on offering customers with a unique banking experience in tune with the digital age. The scope of services includes a comprehensive range of products and services from transaction processing, card hosting and management, as well as value-added services. As the region’s largest payment solutions company, Network is committed to supporting the UAE financial services sector by providing innovative solutions to customers and enhancing the experience of consumers.

Navneet Dave, Managing Director & Co-Head of Processing – Middle East at Network International, commented, “We are thrilled to partner with Reem Finance as we jointly deliver innovative digital payment solutions that offer an effortless and secure experience for customers. Our collaboration builds on Network’s three decades of experience and expertise in creating world-class digital payments infrastructure and services for clients. It underscores Network’s commitment to empowering our partners with cutting-edge processing services and value-added solutions and driving growth in the UAE financial services industry.”

Mr. Seraj Faidi, CEO of Reem Finance,said: “As part of our ongoing commitment to enhancing the quality of our products and services for our esteemed clients, and in light of our recent collaborations with prominent service providers and partners, we are delighted to partner with Network International to explore innovative paths to accelerate digitizing our services to better serve our customers. This engagement is an important step for Reem Finance in expanding our capabilities to provide top tier, friendly and easy to use services to our customers. We are confident that with Network International, the processing of card transactions related to both consumer and commercial sectors will be state-of-the-art and seamless. We are committed to playing a vital role in elevating the financial system in the UAE, delivering value to our shareholders, and prioritizing the needs of our clients.”

Continue Reading

Financial

Wio Bank Redefines SME Banking with New Embedded Finance

Published

on

Wio Bank PJSC is introducing a new embedded finance service designed especially for the UAE’s small and medium-sized enterprises (SMEs). This initiative includes strategic partnerships with leading accounting software platforms Zoho Books, Fiskl and Wafeq, aiming to embed banking services into daily business operations and simplify financial management.

Wio Business, the bank’s first digital banking application, caters to micro, small, and medium enterprises (MSMEs), as well as freelancers and entrepreneurs. By directly integrating with accounting and financial management systems through APIs, Wio Business facilitates seamless financial workflows, enhancing management and eliminating the need for third-party intermediaries. This integration automates bookkeeping, significantly reducing manual labor and allowing businesses to concentrate on their core activities.

Jayesh Patel, Chief Executive Officer of Wio Bank PJSC, shares his vision for the new service: “By adopting Embedded Finance, we are transforming how businesses manage their finances. Our direct integration initiative simplifies how financial services are delivered and managed, making it easier and more transparent for SMEs.”

With over 94% of UAE businesses categorized as SMEs and significant contributors to employment, Wio Bank’s new service is tailored to meet a vital market need. This initiative, along with its strategic partners, is designed to simplify business operations, allowing them to thrive by focusing on growth rather than administrative financial tasks.

A New Era of Financial Management

Through Wio Business, companies can now link their accounts with selected software platforms such as Zoho Books, Fiskl, and Wafeq, offering a holistic view of their financial health. This integration eliminates the dependency on third-party intermediaries, simplifies financial workflows, ensures real-time financial insights with automatic updates, and streamlines accounting tasks with features like auto-reconciliation of bank statement. Additionally, integrating Wio Business APIs into Corporate ERPs and payment platforms facilitates automated account payables and instant transaction reconciliation, thus reducing manual labor and errors, and enhancing cost efficiency and operational gains.

Wio Bank was established to redefine banking in the UAE for both businesses and consumers. Its second digital offering, Wio Personal, is a day-to-day banking platform that changes how individuals see, manage, and grow their money. It provides users with unprecedented financial visibility and flexibility, serving as a foundation for achieving personal financial goals with an engaging experience that includes smart cards and exciting rewards.

Continue Reading

Trending

Please enable JavaScript in your browser to complete this form.

Copyright © 2023 | The Integrator