Schneider Electric has established itself as a leader in the digital transformation of energy management and automation. At its latest Innovation Summit which was held in the technologically-driven city-state of Singapore, Schneider Electric demonstrated how the company plans to solidify its position as the global leader in helping companies execute their digital transformation goals in the energy sector.

Read more: Schneider Electric demonstrates its industry-leading innovations at Innovation Summit in Singapore

Linksys are celebrating 30 years of networking and Wi-Fi innovation for the home and business this year, and it has announced that there is rapid adoption of IoT in the Middle East with a growing number of people investing in smart devices for their home, according to latest study by Linksys on consumer Wi-Fi usage trends, ahead of GITEX Technology Week.

Read more: Research shows rapid adoption of IoT in UAE and KSA

The Next Generation Mobile Networks (NGMN) Alliance - which drives and guides the development of all future mobile broadband technology with a focus on 5G - has published its three deliverables on 5G Extreme Requirements entitled "Operators' views on fundamental trade-offs", "RAN Solutions", and "End-to-End considerations", respectively.

Read more: NGMN highlight the 5G services required to build a ‘connected future’

With the aim of regulating the use of fintech technology, the UAE's Minister of Economy has announced a regulatory framework for fintech companies adopting experimental licenses to conduct their operations. Similar frameworks were introduced by Dubai International Financial Centre and Abu Dhabi Global Market over the last year.

Read more: UAE adopts new regulatory framework for fintech companies

Commercial Bank of Dubai (CBD) and PwC Middle East, recently signed an agreement on an innovation program that will help the bank in its objective to become default digital and in providing an exceptional customer experience by collaborating with FinTech startups, and effectively leveraging emerging technology as a tool.

Read more: PwC signs agreement to foster digital innovation with leading UAE bank

Digital technology has been booming in recent years and is at the heart of a new era that is changing the traditional socio-economic models of business and government. There is general agreement that the digital revolution is a tremendous opportunity for state development and business growth. However, this transformation cannot take place without a profound change in organizations, processes and working methods. It requires judicious technological choices.

Read more: How to become a CIO that drives his company's digital transformation

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