Spending on Smart City Technology Likely to Grow to $135 Billion by 2021: IDC

Future Cities Show focuses on five leading future city solutions, namely AI, blockchain, smart infrastructure, smart mobility and sustainability.

Smart cities will deploy a network of interactive sensors to achieve efficiency and innovation, says a report by the International Data Corporation (IDC).

It also estimates that spending on smart city technology will grow to $135 billion by 2021.

The report was released in conjunction with the Future Cities Show, which concluded on April 10 in Dubai. The show was conducted in conjunction with the Annual Investment Meeting under the theme ‘Propelling Globalization through Digital Transformation’.

This year, the show hosted several public, private and individual entities that displayed innovative technologies at the show. Some of the key participants were Exelen, Stallion AI, Finesse FZ LLC, Keo International and Taiger Singapore.

Key exhibitors at the show

Exelen is a solution provider that aims to provide high quality electronic solutions to its customers. With key competencies as System Engineering FPGA Design Hardware/Firmware Development 3D Drawing Mechanics and system integration, Exelen encourages creative and innovative thinking in the delivery of innovative electronic solutions.

Stallion AI that provides artificial services, solutions and products to help organizations across different industries to implement AI.

Speaking on the sidelines of the event, Samer Obeidat, Managing Director, Stallion AI, said, “AI machines can read and understand documents, recognize images and analyze massive amount of data to capture patterns, produce insights and predict the future. It is creating a huge economic impact in the region by reducing uncertainties and helping companies and governments take the right decisions. It helps them function smoothly and seamlessly, get fast and accurate feedback on products and services, interact better with customers and the public, and arrive at smart solutions. In fact, there is a USD 180 billion impact on the UAE alone because of Artificial Intelligence (AI). AI is the future, it is now, and it is big.”

The event this year also witnessed the presence of Keo International and Taiger Singapore – which specialise in Knowledge Work Automation solutions.

Also present at the event was Finesse FZ LLC – a global system integration company. It exhibited Qlikr, an end-to-end data management and analytics platform.

“Qlikr helps enterprises around the world move faster, work smarter and lead with an end-to-end solution for getting the most possible value out of data. Our platform is the only one in the market that allows for open-ended curiosity-driven exploration, giving everyone at any skill level, the ability to make discoveries that lead to transformation,” said Tanya Jain, Communication and Marketing Manager, Finesse FZ LLC.

Other important exhibitors at the show included companies such as Overdrive, a true IoT platform targeting smart devices and sensors on the move, and Parsons- a digitally enabled solutions provider with a focus on making the world safer, smarter, healthier, more sustainable and more connected.

Future city solutions

This year, the Future Cities Show focused on five leading future city solutions, namely AI, blockchain, smart infrastructure, smart mobility and sustainability. It also provided a platform to ensure that the latest technological projects will have the opportunity to secure medium- to large-scale investments.

Longjam Dineshwori

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