Dubai announces strategies for IoT and digital wealth
New initiatives will manage government IoT plans and digital resources
Smart Dubai has announced two new initiatives which will govern the Internet of Things and manage the city's data.
The new programs, which were announced yesterday by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, will be rolled out by Smart Dubai as part of the city's ongoing smart initiatives.
The Dubai IoT Strategy is intended to create "the world's most advanced Internet of Things (IoT) ecosystem in the world's smartest city", according to a statement from the government, and will include policy and strategy to govern IoT usage, deployment and data for government entities.
The strategy is set to be implemented over four consecutive phases in the coming three years. The first phase centres around coordination of efforts and activities to implement IoT policies across government departments. Second, the Integration and Conversion phase, seeks to harmonise efforts towards implementing the IoT Strategy. After the third Optimisation phase, the strategies will go into the final Blockchain Journey stage, which will witness the full integration of IoT policies and the first ROI of the strategy. It covers six strategic domains: governance, management, acceleration, deployment, monetisation and security.
Smart Dubai also announced the first project under the Dubai IoT Strategy, Dubai Crowd, which will aim to use real-time data from IoT sensors to analyse and manage large crowds of people for safety and security purposes. The program is expected to help Dubai in controlling large crowds during special occasions such as New Year's Eve.
The Digital Wealth Initiative aims to manage various aspects of the digital ecosystem, including data, data-storing and processing technologies, smart-tech transformation, paperless transaction policies and systems, including Blockchain, digital signature and ID, smart living and clean energy, among other elements.
The project consists of 121 smart initiatives, 200 databases and 1,129 smart services.
Smart Dubai said that the project is expected to generate AED33.8 billion in three years' time, as the Internet of Things reaches AED17.9 billion in value by 2020. Meanwhile, open and shared data is expected to add AED10.4 billion to the GDP by 2021, while Blockchain applications in government departments add AED5.5 billion to the GDP by 2020.
HE Younus Al Nasser, CEO of the Dubai Data Establishment, said: "A smart city's achievement in terms of advanced technologies and smart solutions are a digital asset that cannot be fully utilised unless integrated into central data platforms that are consistently updated. The Dubai IoT Strategy unifies the data sources for the Dubai Pulse platform - Dubai's digital backbone. The Strategy opens new prospects for growth, improving overall efficiency across all sectors and opening up unprecedented economic and social opportunities for people in Dubai."