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‏ Internet of Things Market in the Kingdom Grows to 8.9 Trillion $ in 2020
 
12/12/2018
 
 
Jubail Industrial Internet of Things Conference and the accompanying exhibition, held at King Abdullah Cultural Center, was launched yesterday in the presence of the CEO of the Royal Commission in Jubail Eng. Mustafa Bin Mohammed Al Mahdi, a number of the employees, with the participation of many experts and sectors interested in the applications of industrial Internet of Things. 
 
‏The General Manager of Information Technology of the Royal Commission for Jubail and Yanbu, Eng. Abdullah Al Harbi said that the conference aims to gather various industrial, economic, governmental and international experts and specialists to discuss the latest developments in this vital field due to the Royal Commission's responsibility towards its industrial cities and its pioneering role in developing the industrial system, and leading smart industrial cities.
 
He added: "the concept of Internet of Things is one of the latest concepts that have become an issue in modern societies, as a result of the expansion in using the Internet in all areas and life issues. Eventually, it has turned out  to be a modern technical term that refers to the new advanced technologies and rapid developed based on the network, which increased the ability of  the material objects such as (tools, devices, and equipment) to connect to the Internet".
 
Engineer Al-Harbi stressed on the fact that the expansion of using the Internet in factories and production lines has helped to improve the work and the application of new methods in smart manufacturing. Thus, Internet of Things is considered as one of the most important features of the Fourth Industrial Revolution. Alongside with that, “IIOT” is, also, a profound concept based on technologies that develop the industrial work system, open up new creative horizons and create a new industrial generation.
 
The Conference spokesman, Osama Al-Zu'bi, expressed that the process of the digital transformation is a process, not an event that occurs in the history of organizations and companies, and that Internet of Things is a multi-technology that allows us to connect all things to very large opportunities, including opportunities of developing,  accelerating the economy and creating new jobs.
 
‏He Said: “Internet of Things helps to improve the standard of living in many countries. It is a technology that allows us to build networks to connect things and automate this connection, as well as to provide information security, cybersecurity, which is the processing of large information that permits us to communicate”.
 
Additionally, Al-Zu'bi pointed out that malicious software produces about 1.5 million malicious programs every day 20 billion attacks which are monitored as a daily process. The Internet market is expected to grow from less than $ 3 trillion to $ 8.9 trillion in 2020.
 
‏ In the first session of the conference, the Vice President of Digital Services at Saudi Telecommunications Company, Mr. Osman Al-Dahsh, revealed in his paper, entitled: “Trends of Industrial Internet of Things and Innovation in the business model”, that a specialized network of Internet of Things has been implemented, enabling systems  of companies and factories in the Kingdom to develop Internet of Things solutions for things. The idea of the network is based on being a specialized technology for the Internet of Things which is characterized for consuming less batteries, offering large coverage and dealing with specialized devices in Internet of Things. He referred, as well, to STC’s role in allowing the digital transformation though providing infrastructure and digital basis.
 
‏On the other hand, the director of the National Center for Information Technology, Dr. Basil Al-Omair, discussed in his paper the topic of cybersecurity in the networks of industry and the risks that threaten them and the way to avoid them in the second session of the conference. He indicated that the challenge facing most companies is to provide adequate protection for their new networks especially they are exposed to huge number of cyber-attacks..
 
On his part, Eng. Majid Al-Shanqiti, Head of Planning and Support Services at Ma'aden Company, discussed the technical development and its impact on work procedures, technology or the "thing" as well as people or users. He mentioned, in his paper, the importance of adopting companies and organizations to develop generations and prepare them to deal with the fourth generation of industry, stressing that the vision of the Kingdom 2030 urges the preparation of a generation with leadership skills.
 
In general, the conference focused on industrial Internet of Things trends, innovation in the business model, instilling talent to capture industrial opportunities, vision, strategy and implementation of the Internet for small and medium businesses. In addition, it devoted some session to the topics of the cyber risks, cybersecurity of the Internet of Things, Internet of Things applications and security effects. It also tackled the challenges of cybersecurity in the age of Internet of Things, the interconnection of the industrial revolution and the protection of cybersecurity for factories.  Likewise, it reviewed the process of enabling computerization of the Internet of Things with defining the Internet of things as the shortcut of wisdom and the financial empowerment of the new industrial revolution though a workshop entitled “Digital Transformation”.
 
It is worth mentioning that the conference aims to explore all aspects and possibilities of the industrial  Internet of Things (IIoT), that allow the public and private sectors to benefit from the next wave of Internet of Things, endure digital transformation, meet the challenges and threats of industrial Internet of Thing  (IIoT), and take advantage of the opportunities offered by the latest Internet technologies and applications with ensuring that the technical equipment is managed efficiently and adaptively to meet the needs.