Leading facilities optimisation provider Facilio brought together UAE’s top industry leaders to share best practices and experiences of tech–led transformation in the built environment
By Doros Hadjizenonos, Regional Director – SADC at Fortinet
- The emirate has attracted from 2015 to 2018 $21.6 billion worth of FDI in high-end technology transfers with the most from the European Union and the U.S. — $5.7 billion and $3.9 billion, respectively
- Annual Investment Meeting (AIM 2019) to highlight strategies and mechanisms for enhancing tech solutions to draw FDIs
Dubai ranked first globally in attracting foreign direct investments (FDIs) for artificial intelligence and robotics; while the UAE ranked sixth in the global Smart Service Index, surpassing the US, UK and South Korea. The Emirate has attracted from 2015 to 2018 $21.6 billion worth of FDI in high-end technology transfers, with the most from the European Union and the U.S. — $5.7 billion and $3.9 billion, respectively.
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Dubai’s and the region’s Smart City & Sustainability aspirations are driving an emphasis on identifying opportunities to embrace innovation. Facilio – a start up headquartered in Atlanta USA, and with operations across Middle East and India, has been steadily creating a reputation for its Artificial Intelligence, Machine Learning and IoT based approach to facilities management, helping buildings operate better, increasing their energy efficiency and enhancing livability. We spoke to Founder and CEO Prabhu Ramachandran to gain an insight into the company’s approach.
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By aggressively investing in the education of digital skills, the region is preparing its youth for future employment and technology led economic development, explains Paul Potgieter, Managing Director – UAE, Dimension Data
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The government of UAE is projected to save approximately $3 billion in economic return and over AED380 million in government documents annually, due to blockchain and artificial intelligence. These technologies are two of the most influential tools revolutionizing the World of innovation. On the launching of UAE Blockchain Strategy 2021 at the Future Blockchain Summit, the minister of Artificial Intelligence Mr. Omar bin Sultan Al Olama, said that UAE was moving at the right pace.