GEC NEWS WIRECisco emphasizes on effective Data Management and Analytics for Digital Transformation
According to Gartner, by 2020, 75% of businesses globally will be a digital business or will be preparing to become one. 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.
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.
“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.
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”.
