ICT: Threat or Opportunity?
this digital environment, and how the industry can adapt its services for citizens.
Cloud computing services are technology enablers that allow consumers and enterprises, across sectors, to start building applications over the network. STC has adopted such enablers, designing its own open-technology cloud marketplace in 2014, further diversifying technology partners and platforms, and allowing more room for innovation. Also for application enablement purpose, it is building advanced IOT and machine-tomachine platforms for all sectors.
“IOT and machine-to-machine are large and profitable sectors. Despite the gigantic investment, I think it’s the right path for country and company. The uptake in the market is massive and STC is supplying the demand,” stressed Biyari. and STC steered 3-4 years ago in that direction. It’s contributed with the $50 million STC Ventures, to find areas for investments. Biyari presents Careem – whose growth persists in the private car booking services industry – as a success story after STC provided an initial funding of $1.7 million. It also launched Inspireu, an accelerator providing companies with solid grounds to grow.
For Biyari, it is necessary to have a regulatory environment that does not just focus on competitiveness, but also encourages investment, from initial infrastructure phase to the implementation stage. “Our priority is to be enablers to the state’s adopted strategy with regards to digitizing the nation. And moving forward, every step we take is along that path. In our adopted strategy, the country’s vision is our vision,” said Biyari.