The internet of things - a network that is long on promise - now has to confront the stark realities of operation. The challenges surrounding security, standardisation, interoperability and profitability serve to remind market stakeholders that they must recognize their own strengths and weaknesses. Similarly, for consumers and businesses to adopt this network, a relationship of trust needs to be established.

Read more: Can operators overcome the obstacles facing the IOT market?

Investment in technology and innovation in the online financial services sector is now essential in the Middle East, according to research on digital use and e-commerce in the region conducted by Hootsuite and We Are Social. The findings show that in the UAE, 62 percent of people bought something online in the last month, a 25 percent year on year rise, and 47 percent of people made a purchase using their mobile in that period.

Read more: Middle East e-commerce set to triple in value by 2020, research shows

How much is big data really worth? That's the question analysts have been tackling. Some suggest big data is becoming more dominant in determining the valuation of a company. There's been a shift in the way organizations are valued, from those that own tangible assets to those that were built on big data, like Facebook and Uber. Those in the business of valuing corporate investments will increasingly be forced to "consider a company's wealth of information in properly valuing the company itself," says industry analyst Douglas Laney.

Read more: How big data’s disrupting traditional business valuation

Iron Mountain Incorporated, a specialist in storage and information management services, has acquired a controlling stake in Endless Document Storage Services LLC. The acquisition is in line with Iron Mountain's strategy to expand its presence in fast-growing international markets by investing in well-established local or regional businesses that can provide similar services and have a similar business ethos.

Read more: Storage and info management services firm Iron Mountain extends footprint with first Middle East...

Vidsys, the leading global software technology manufacturer of Physical Security Information Management (PSIM) and Converged Security and Information Management (CSIM) software, announced that neXgen Group, a leading smart city advisory and managed services provider based in the UAE, will be offering Smart Safety & Security as a service leveraging Vidsys' CSIM multi-tenant cloud-based solution.

Read more: neXgen Group Launches Vidsys CSIM platform for Smart Cities

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