Business & Finance Sunday July 23, 2017 at 13:52 pm (746 Views)
Learn about the profitability of Gulf economies from the Internet revolution in 2025
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Baghdad / Sky Press: p
A recent report predicts that the modern Internet solutions, called the Fourth Industrial Revolution, will contribute an additional 11% of the GCC's growing GDP.
The report by AT Kearney Consulting, an online consulting firm, said that the size of the Internet solutions market in the Gulf region would reach $ 11 billion and would add to the total economy about $ 160 billion by 2025.
According to the report, Are increasingly investing in next-generation technologies such as Internet things in an attempt to diversify their economies away from dependence on oil.
He pointed out that Internet solutions will affect the major business sectors, such as manufacturing, which will benefit most in terms of productivity gains and time economies worth up to $ 43 billion.
Factories will be able to improve productivity by tracking inventory better, reducing downtime and improving production quality. Enhanced manufacturing can contribute 4% to GDP.