Comm. Smart Cities and IoT supplement Smart Cities and IoT | Seite 15

smart perspective Machine-to-Machine (M2M) communication has become a hot topic as enterprises see great potential in connecting a myriad of devices For us, smart cities are not just an investment towards our revenue or shareholder value, but in fact an investment towards the future and socio-economic development of the Kingdom that the Kingdom needs to diversify more away from the oil sector towards more cutting edge technological advances and this realisation will further fuel the growth in smart city and associated areas. services such as fleet management, energy and utilities, and traffic management to name only a few. We have a vision to deliver a full portfolio of public services in near future. Much of what smart cities empower is based on the concept of the Internet of Things, or machine-to-machine (M2M) connections. What has STC been doing in the area of M2M, and how does it monetise its investment in this area? Machine-to-Machine (M2M) communication has become a hot topic as enterprises see great potential in connecting a myriad of devices. As a result, it is recognised as being of strategic importance to the entire ICT market, now and in the future. The M2M concept has existed for many years, but only now is it expanding beyond one-to-one connections and transitioning to a fully networked, mature feature of the ICT landscape. Several factors drive this shift. The pa