In a public lecture organized by the Asharqia Chamber through video communication
A specialist: The Internet of Things brings huge revenues, and the experience is stimulating in the Kingdom
The head of the Arab Investor House, Dr. Nabil bin Muhammad Shalabi, explained that the expected returns from the entry of modern technology into the details of public life, or what has been termed "the Internet of things", will surpass the global level of $ 1.1 trillion in the year 2025. So the number of things that are connected will reach about 25.2 billion calls, and the volume of spending through this technology in the Saudi market is expected to reach 7.2 billion riyals, by the year 2030.
In a lecture organized by the Asharqia Chamber via video calling on Tuesday evening 20 April 2021 entitled “Internet of Things Applications for Small and Medium Enterprises,” Shalaby indicated that the “Internet of things” is among the emerging technologies highlighted by the Fourth Industrial Revolution (that followed the previous three industrial revolutions), which These include artificial intelligence, robotics, self-driving vehicles, 3D printing, nanotechnology, biotechnology, materials science, quantum computing, blockchain, and other technologies.
The lecturer reviewed several economic fields in which small and medium enterprises can embody the technology (Internet of Things), and then achieve development and growth in the level of performance. Among them, he mentioned: industry, maintenance, transportation, energy, water, retail, health care, cities, and smart homes, supply chains, agriculture, hospitality and hotel, things that can be worn by humans, hologram applications, and other fields.
Shalaby reviewed examples of successful ideas, projects, and companies in both the Kingdom and the sisterly Arab Republic of Egypt, and how the small and medium enterprises sector has benefited from this technology in achieving additional promising income and returns.
