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Tue 8 May 2018 11:44 AM

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Video: Siemens $500m Dubai expansion to boost AI

Siemens will build two new Internet of Things complexes in the UAE to complement its airport logistics hub to be built in Dubai.

The German industrial giant’s investments will include two MindSphere Application Centres in the UAE, among 20 being built in 17 countries around the world. Each centre will cater to multiple countries and specialise in a particular industry in which Siemens is active through 900 software developers, data specialists and engineers working together to develop digital innovations for data analysis and machine learning.

MindSphere is Siemens’ open architecture, cloud-based operating system for the Internet of Things (IoT). The two new centres in the UAE will be located in Abu Dhabi and Dubai, the latter of which will “handle airports, logistics and cargo to co-develop innovative approaches that improve the movement of people and goods,” the company said in a statement. The centre in Abu Dhabi will cater to “process industries, mainly focusing on oil and gas, water and waste water, enabling customers to improve operational efficiency and reduce their costs across the whole value chain.”

Siemens’ investment in region will also include software grants aimed at boosting digital skills among youth in the region; establishing a hydrogen economy with Expo 2020 and the Dubai Electricitiy and Water Authority (DEWA); and helping create “the most connected expo ever” using the MindSphere system.

“The Internet of Things has arrived and is set to transform industries and cities. However, many companies are still in the early stages of adopting digital strategies and incorporating them into their business models,” said Roland Busch, Chief Technology Officer and Member of the Managing Board of Siemens AG. “Siemens has reinvented itself into one of the world’s top 10 software companies and is continuing to expand its digital capabilities. We see vast potential for the adoption of digital technologies in the Middle East and want to support the region’s transformation in various ways, ranging from youth development to setting up our MindSphere Application Centers.”

In this edition of Inside AB Jeremy Lawrence and Shayan Shakeel discuss what all this means for the development of artificial intelligence in the region and how this is a necessary response to a global workforce that is rapidly ageing.

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(Source: Arabianbusiness.com YouTube channel)