It's been revealed that Dubai will play host to the now-annual 'The Internet of Things' world forum next year, as it seeks to establish itself as an international research centre in the sector.
News website Emirates 24/7 reports that the city will welcome more than 1,500 government officials, businesses heads, academic individuals and researchers to discuss the emerging Internet of Things (IoT) markets.
The IoT is set to have a marked impact on global economy, with Cisco estimating the sector to create $19 trillion in economic benefit and value over the next decade.
The forum is the only occasion on which the entire IoT community can gather to share the latest developments and innovative technology. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, crown prince of Dubai and general supervisor of the Dubai smart city project, says the fact that Dubai has been given the honour of hosting the event highlights its prominence in this area.
He added that Dubai is now at the "heart of the IoT", which provides the city's people with increased connectivity, whilst bringing all devices and data under one roof to reduce costs and "make life easier and services at the reach of all."
The IoT sector is being driven in order to meet ambitions of having 50 billion smart devices and government data and operations wired up to the to the internet by 2020.
It's believed the push will open up opportunities for businesses – initially in manufacturing, government, energy and healthcare – that extend far beyond today's budgets for computer and communication systems.