ICT: Threat or Op­por­tu­nity?

Arabnet - The Quarterly - - Business -

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.

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