The Technology Express Magazine | Edition: January 2023

The January edition of The Technology Express (TTE) brings you an exclusive interview with Dr. Ahmad Altarawneh, Senior Strategic Transformation Consultant, Dubai Police, as he shares valuable insights on digital transformation, Web3, the Metaverse, disruptive technologies and Responsive Cities. We dive deep into various technology fields from fintech, AI, and cloud computing, to cyber security, sustainable technology, and enterprise IT. We look at promising local tech startups and the ever-growing world of cryptocurrency, digital assets, and much more! The Technology Express magazine keeps its readers updated with reviews of the latest gadgets, apps, and services, car enthusiasts get their treatment too with the “Wheels” section. All of that is in addition to a monthly news update that keeps you well-informed in today’s fast-paced era.

The January edition of The Technology Express (TTE) brings you an exclusive interview with Dr. Ahmad Altarawneh, Senior Strategic Transformation Consultant, Dubai Police, as he shares valuable insights on digital transformation, Web3, the Metaverse, disruptive technologies and Responsive Cities.

We dive deep into various technology fields from fintech, AI, and cloud computing, to cyber security, sustainable technology, and enterprise IT. We look at promising local tech startups and the ever-growing world of cryptocurrency, digital assets, and much more!
The Technology Express magazine keeps its readers updated with reviews of the latest gadgets, apps, and services, car enthusiasts get their treatment too with the “Wheels” section. All of that is in addition to a monthly news update that keeps you well-informed in today’s fast-paced era.


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JANUARY <strong>2023</strong><br />


TOP 5 TECH TRENDS IN <strong>2023</strong><br />







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Dear Dear readers,<br />

Dear Readers, we are excited to present you with the October<br />

2022 edition of <strong>The</strong> <strong>Technology</strong> <strong>Express</strong> (TTE)!<br />

We Our are goal excited is to provide to present you with you key with informational the <strong>January</strong> stories <strong>2023</strong><br />

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<strong>January</strong> <strong>2023</strong> / 7


TOP 5 TECH TRENDS IN <strong>2023</strong><br />

When it comes to<br />

technology, there<br />

is no stopping what<br />

comes next. Every day<br />

you will encounter a<br />

brand-new technical development that<br />

will surprise you with its beauty. As<br />

you take your time to come to terms<br />

with this, another one will appear,<br />

and so on. Today, learning about new<br />

technological developments every day<br />

and incorporating them into our daily<br />

lives is the new normal.<br />

Our lives have become much more<br />

straightforward and better due to the<br />

development of technology, and our<br />

ability to flourish is dependent upon<br />

it. However, as technology continues<br />

to advance, human employment<br />

opportunities will diminish. And that<br />

might result in some significant<br />

issues. <strong>The</strong> most excellent strategy<br />

for navigating this is to think of it as<br />

an industrial revolution and work to<br />

become its leader by learning from it.<br />

We have some information for you<br />

from the future that you need to be<br />

prepared for, although no one can<br />

predict the future or tell what will<br />

happen in the upcoming years.<br />

Advanced Artificial Intelligence<br />

Since artificial intelligence is the<br />

technology that has received the<br />

most attention in recent years. We<br />

may assume that you are already<br />

familiar with the term. If you look<br />

around today, you can quite literally<br />

see AI everywhere. You use it<br />

constantly when doing daily tasks<br />

like creating your weekly calendar<br />

or discovering online amusement for<br />

yourself, conducting internet searches,<br />

purchasing online, using GPS, and<br />

other daily activities.<br />

Our lives are now considerably<br />

under its control, and it appears<br />

they will only partially depart from<br />

the spectrum. AI is becoming more<br />

robust and inventive every day, taking<br />

on an increasing number of human<br />

occupations. We wholeheartedly<br />

concur with Google CEO Sundar<br />

Pichai when he said that AI’s<br />

impact on human life should be<br />

compared to things other than the<br />

most fundamental ones like fire or<br />

electricity.<br />

A few human professions are<br />

expected to disappear in <strong>2023</strong> due<br />

to the new AI tools and abilities that<br />

will take over and finish activities in<br />

less than half the time as humans. To<br />

control these tools, for example, some<br />

new occupations will be created by<br />

the rise of AI, but only those trained<br />

enough to use the power can obtain<br />

these positions.<br />

Synthetic content<br />

AI is not merely used to automate<br />

repetitive, menial operations stored in<br />

the software. <strong>The</strong> second technology<br />

development on the list is synthetic<br />

content. It is expected that new AI<br />

technology will be available in <strong>2023</strong>,<br />

and it is much more creative than you<br />

might believe. <strong>The</strong> latest clever AI will<br />

be able to accomplish their duties<br />

just like painters, musicians, or other<br />

creatives who produce their original<br />

works and share them with the world.<br />

AI will be able to produce novel and<br />

original visuals, sounds, music, and<br />

even knowledge with the help of this<br />

new technology. Natural language<br />

processing algorithms will enable<br />

the AI to recognize and mimic human<br />

communications.<br />

Metaverse, the future of the<br />

internet<br />

We are sure you have heard of the<br />

metaverse if you prefer to stay current<br />

on world events. One of the most<br />

recent technological developments<br />

of 2022 is expected to become more<br />

prevalent in the following year.<br />

Usually, the immersive digital world<br />

is used to describe it, but people need<br />

8 / <strong>January</strong> <strong>2023</strong><br />


to understand what it is all about.<br />

Everyone has their interpretations of<br />

the terms, and everyone is waiting<br />

until <strong>2023</strong> for the world to realize the<br />

metaverse finally.<br />

According to Mark Zuckerberg, the<br />

metaverse will be a developed form of<br />

virtual and augmented reality. On the<br />

other hand, Decentraland’s developers<br />

predict that the ideas of blockchains<br />

and decentralization will be central to<br />

the metaverse. All of these definitions<br />

might be accurate, but only after their<br />

complete revelation will it be clear<br />

exactly what it is.<br />

In 2021, Mark Zuckerberg introduced<br />

the idea of the metaverse in social<br />

media, which led to the creation of a<br />

buzz about it. <strong>The</strong>n, to participate in<br />

this innovation, numerous companies<br />

worldwide began to investigate their<br />

own variations of the outposts in<br />

the metaverse. Even though large<br />

organizations and multimillion-dollar<br />

businesses are the only ones that use<br />

outpost buildings today, it is anticipated<br />

that small businesses will also start<br />

using the idea in <strong>2023</strong>.<br />

Smart glasses<br />

This is the era of intelligence;<br />

businesses, technology, and people<br />

are all becoming more intelligent<br />

every day, and to keep up, they<br />

need some smart devices nearby.<br />

Humans have developed a variety of<br />

technological devices over time, such<br />

www.thetechnologyexpress.com<br />

as smartphones, Bluetooth headsets,<br />

and smartwatches, but as of <strong>2023</strong>, the<br />

new smart glasses are expected to<br />

become widely used.<br />

Although the invention has already<br />

occurred, and there are a few<br />

examples to be found worldwide, the<br />

technology appears to be advancing.<br />

If they are successful, it will become<br />

as common as smartwatches are<br />

right now! <strong>The</strong>refore, if you as a child<br />

fantasizing about owning spy kid<br />

glasses with all that fancy technology,<br />

your wish may come true in the<br />

coming year!<br />

Everything from speakers to<br />

microphones to screens will be built<br />

into these spectacles. <strong>The</strong>refore, all<br />

you have to do to take calls, listen to<br />

music, etc., is pair them via Bluetooth<br />

with your smartphone. <strong>The</strong> best<br />

feature of this new technology is that<br />

they have built-in cameras to take<br />

pictures and record videos as you<br />

enjoy the scenery! <strong>The</strong>refore, thanks<br />

to technological advancement, what<br />

seemed like a dream a few years ago<br />

is now a reality; as a result, the future<br />

is just around the corner!<br />

IoT (Internet of Things), the<br />

ultimate digital world<br />

<strong>The</strong> ultimate digital universe is the<br />

most crucial technology you need<br />

to prepare for in <strong>2023</strong>. <strong>The</strong> digital<br />

metaverse will allow you to shape your<br />

experiences and construct anything<br />

in the real world. <strong>The</strong> internet of<br />

things (IoT), the ultimate vision of the<br />

world’s future, includes digital twins,<br />

nanotechnology, and the metaverse.<br />

<strong>The</strong> term “internet of things” refers to a<br />

technology that connects everything. It<br />

is about a universe where each part is<br />

connected to the other!<br />

<strong>The</strong> 5G and 6G technologies will be<br />

used for more than just communication<br />

in the internet of things because they<br />

will enable connecting more devices<br />

and interfacing with them all at once!<br />

<strong>The</strong> Internet of Things is a significant<br />

development that has the potential to<br />

revolutionize society. It would enhance<br />

everything and create a new way of life<br />

for people, from medicine to education<br />

to well-being to quality of life!<br />

Although the advancement of<br />

technology cannot be halted, you can<br />

always be ready for it and adjust to<br />

it so that it works in your favour. If<br />

not, you risk falling behind the rest<br />

of humanity. <strong>The</strong> world is changing<br />

online in this era of modernization<br />

and digitization, and each of those<br />

changes impacts the real world. Let’s<br />

see what <strong>2023</strong> has in store for us and<br />

how far technology has advanced since<br />

2022, which was a fantastic year for<br />

technology!<br />

-feature@thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 9




Taxi drivers in Dubai may now<br />

deposit their earnings right<br />

away, cutting down on the time<br />

they spend waiting around<br />

after each shift. This is accomplished<br />

by linking Transguard’s Smart Cash<br />

Deposit Machines with the backend<br />

system of the Dubai Taxi Corporation<br />

(DTC) (SCDMs). According to Nick Beer,<br />

Chief Financial Officer, Transguard<br />

Group, “Dubai residents heavily<br />

rely on cabs, therefore anything<br />

that might boost the response<br />

speed and efficiency of this mode<br />

of transportation is always wellreceived.”<br />

Before the introduction of<br />

Transguard’s SCDMs, DTC drivers<br />

stood in long queues to deposit cash<br />

with in-office cashiers who worked<br />

limited hours. Once collected, the cash<br />

was reconciled manually, a timeintensive<br />

process, and would only be<br />

deposited to the bank the next working<br />

day.<br />

Quick deposit<br />

With the new machines in place,<br />

drivers can skip the queue and quickly<br />

deposit their cash at any time of the<br />

day or night. <strong>The</strong> machines’ technology<br />

also seamlessly integrates with<br />

regional taxi meters and DTC’s ERP<br />

platform, thus facilitating end-to-end<br />

reconciliation immediately after the<br />

cash deposit.<br />

“Giving drivers the opportunity to<br />

directly deposit cash into SCMDs at<br />

the end of each shift minimises their<br />

manual work and the waiting time at<br />

the cashier office,” adds Manu Kataria,<br />

Director – Commercial Cash Services.<br />



One of the top Shariah-compliant<br />

banks in the UAE, Ajman<br />

Bank, and the PaaS enabler<br />

KMMRCE Pay have entered a strategic<br />

partnership. <strong>The</strong> cooperation gives<br />

Ajman Bank the tools it needs to<br />

quicken its digital transformation and<br />

expand the range of payment services<br />

it offers to customers. KMMRCE Pay<br />

will be able to operate throughout<br />

the UAE thanks to the collaboration<br />

and the compliance and regulatory<br />

frameworks of Ajman Bank.<br />

Mohamed Amiri, Chief Executive<br />

Officer, Ajman Bank, said, “We<br />

are continuously innovating and<br />

developing new capabilities to meet<br />

our customers’ expectations and<br />

requirements. Our partnership with<br />

KMMRCE will enable us to leverage<br />

our current technology to accelerate<br />

the delivery of better payment<br />

solutions in an ever-evolving market. It<br />

is another significant step in enhancing<br />

our payment services with simple,<br />

secure, fast and reliable solutions for a<br />

seamless customer experience.”<br />

In addition to empowering Ajman<br />

Bank, KMMRCE Pay can enable other<br />

financial institutions and FinTechs<br />

with a full suite of digital solutions<br />

via its single turnkey PaaS tech stack,<br />

incorporating issuing, acquiring, and<br />

direct-to-scheme processing. <strong>The</strong><br />

capabilities they provide include POS<br />

and e-commerce acquiring services,<br />

enhanced issuing, API-based solutions,<br />

instant issuing kiosks, and access to<br />

cutting-edge technologies.<br />

By reinforcing itself as a fullservice<br />

provider, Ajman Bank is in a<br />

position to expand its account base<br />

through FinTech clients and increase<br />

its influence in a highly competitive<br />

market.<br />

Justin Henry, Executive Director,<br />

KMMRCE Pay, added: “<strong>The</strong> strategic<br />

partnership represents a powerful<br />

collaboration between a tier one bank<br />

and an innovative PaaS enabler driving<br />

“<strong>The</strong> benefit for Dubai’s travellers is<br />

that more taxis on the road will get<br />

them to their destination faster; the<br />

benefit for DTC, of course, is increased<br />

revenue off the back of the increased<br />

availability of their vehicles.”<br />

change for the industry as a whole.<br />

Working closely together with Ajman<br />

Bank, we can now offer a one-stopshop<br />

to digitally onboard and propel<br />

FinTech payment companies launching<br />

a financial program in the UAE. This is<br />

a critical moment, as we demonstrate<br />

the impact of KMMRCE Pay’s unique<br />

single-contract, single-API approach<br />

bringing everything together under one<br />

comprehensive payments’ ecosystem.”<br />

10 / <strong>January</strong> <strong>2023</strong><br />





In order to streamline payments and<br />

transfers inside the Arab world,<br />

Emirates NBD, a prominent financial<br />

organization in the MENAT (Middle<br />

East, North Africa, and Turkey) region,<br />

is glad to announce its cooperation<br />

with Buna. Buna is run by the Arab<br />

Monetary Fund’s affiliate, the Arab<br />

Regional Payments Clearing and<br />

Settlement Organization, or “ARPCSO”<br />

(AMF).<br />

<strong>The</strong> landmark tie-up with Buna<br />

will provide Emirates NBD’s clients<br />

with a more rapid, efficient and<br />

safe way to make payments and<br />

transfers within the Arab region,<br />

reinforcing Emirate’s NBD’s position<br />

as one of the most innovative banks<br />

in the region. Buna’s cross-border<br />

payment platform provides seamless<br />

clearing and settlement services in<br />

multiple currencies across the Arab<br />

region and is aimed at encouraging<br />

greater economic integration through<br />

increased trade and investment<br />

opportunities.<br />

Commenting on the announcement,<br />

Ahmed Al Qassim, Senior Executive<br />

Vice President and Group Head,<br />

Corporate and Institutional Banking at<br />

Emirates NBD, said: “Emirates NBD’s<br />

partnership with Buna reflects our<br />

commitment to provide best-in-class<br />

products and services that will allow<br />

our clients to meet their goals at an<br />

accelerated pace in a rapidly evolving<br />

digital environment. <strong>The</strong> alliance<br />

with Buna further strengthens our<br />

payments strategy, offering our clients<br />

a real-time, seamless, secure and<br />

cost-effective digital experience in<br />

the payment domain. We look forward<br />

to fully leveraging the capabilities of<br />

the platform and to take advantage of<br />

opportunities that the collaboration<br />

between Buna, the Central Bank of<br />

the UAE and Emirates NBD will create<br />

as the regional payment system is<br />

transformed.”<br />

Mehdi Manaa, Chief Executive Officer<br />

of Buna, added: “Buna is pleased<br />

to have Emirates NBD join our<br />

growing network of participants. This<br />

collaboration furthers our commitment<br />

to enhance cross-border payments<br />

and unlocks new opportunities to<br />

empower Arab economies and enrich<br />

trade relations. We look forward to<br />

cooperating with Emirates NBD to<br />

provide a compliant, efficient and safe<br />

payment infrastructure and facilitate<br />

the use of multiple currencies in the<br />

Arab region and beyond.”<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 11



<strong>The</strong> Mirrosky Smart Space<br />

Telescope is a revolutionary new<br />

space telescope that combines<br />

the power of traditional space<br />

telescopes with the convenience<br />

of smartphone technology. It is a<br />

portable, self-contained unit that<br />

can be easily transported and set up<br />

anywhere in the world. It features a<br />

powerful, wide-field imaging system<br />

that can capture images in ultraviolet,<br />

visible, and near-infrared light.<br />

1. Advanced Imaging Capabilities:<br />

Mirrosky’s Smart Space Telescope<br />

offers advanced imaging capabilities,<br />

allowing it to capture detailed images<br />

of distant galaxies, stars, and other<br />

celestial bodies.<br />

2. High Resolution and Sensitivity: <strong>The</strong><br />

telescope has a high resolution and<br />

sensitivity, allowing it to detect faint<br />

signals from distant objects.<br />

3. Automated Pointing and Tracking:<br />

Mirrosky’s Smart Space Telescope<br />

uses an automated pointing and<br />

tracking system, enabling it to<br />

accurately acquire and maintain its<br />

target.<br />



<strong>The</strong> SteelSeries Apex Pro TKL<br />

series of mechanical keyboards<br />

is a line of gaming-oriented<br />

keyboards. <strong>The</strong>se keyboards<br />

feature an adjustable actuation<br />

switch, allowing users to adjust<br />

the sensitivity of the keys to their<br />

preference. <strong>The</strong> keyboards also feature<br />

an OLED display, which can be used<br />

to customize the keyboard settings,<br />

create macros, or display media. <strong>The</strong><br />

Apex Pro TKL series also includes<br />

a USB passthrough port, allowing<br />

users to connect their mouse or other<br />

peripherals directly to the keyboard.<br />

1. Per-Key Adjustable Actuation:<br />

<strong>The</strong> Apex Pro TKL series features<br />

SteelSeries OmniPoint adjustable<br />

switches, allowing for per-key<br />

actuation control from 0.4 to 3.6mm.<br />

2. Dedicated Media Controls: <strong>The</strong><br />

keyboards also feature dedicated<br />

media keys for adjusting the volume on<br />

the fly.<br />

3. Aircraft-Grade Aluminum Alloy<br />

Frame: <strong>The</strong> Apex Pro TKL series<br />

keyboards feature a durable and<br />

lightweight aluminium alloy frame.<br />

12 / <strong>January</strong> <strong>2023</strong><br />




<strong>The</strong> most recent product in<br />

the line created by Ikea with<br />

Sonos is the Symfonisk Floor<br />

Lamp Speaker. In essence, it’s<br />

a Sonos One SL speaker (without an<br />

integrated voice assistant) that has<br />

been transformed into a floor lamp.<br />

It is around three feet tall and has a<br />

bamboo shade that can be changed out<br />

for a variety of other Ikea lamp shades.<br />

It is essentially a taller version of the<br />

Symfonisk Table Lamp Speaker that is<br />

already available.<br />

As you’d expect with the Sonos<br />

collaboration, IKEA’s goal was to<br />

continue the series with the same<br />

“high-quality” sound found with the<br />

previous models.<br />

And like the second-gen SYMFONISK<br />

Table Lamp Speakers, the new Floor<br />


Headphones are a type of audio<br />

equipment that covers your<br />

ears and allow you to listen<br />

to music, voices, or other<br />

sounds. <strong>The</strong>y are often used<br />

with smartphones, computers, and<br />

other electronic devices. Headphones<br />

come in a variety of styles including<br />

in-ear, on-ear, and over-ear. <strong>The</strong>y may<br />

also have noise-cancelling features<br />

to reduce outside sound and help you<br />

focus on the audio.<br />

Nothing Head headphones are<br />

designed to produce an immersive<br />

soundstage with clarity, deep bass, and<br />

accurate audio reproduction.<br />

1. Nothing Head headphones feature<br />

high-grade drivers and advanced<br />

sound-isolating technology for a<br />

superior listening experience.<br />

Lamp Speaker works with a variety of<br />

available shades (comes standard with<br />

a bamboo one).<br />

“We have learnt a great deal about how<br />

people want to furnish with light and<br />

sound. We also know that many people<br />

want to have several light sources on<br />

different levels and parts of the room<br />

to create the right mood. <strong>The</strong> challenge<br />

of not having enough room for a table<br />

to put the lamp on led us to create the<br />

floor lamp”, says Stjepan Begic, Range<br />

Design Leader at IKEA of Sweden.<br />

2. Nothing Head headphones are<br />

constructed from lightweight materials<br />

to provide comfort and maximum<br />

sound quality.<br />

3. Nothing Head headphones feature<br />

intuitive controls and Bluetooth<br />

connectivity for easy access to your<br />

music.<br />

4. Nothing Head headphones are<br />

designed to be durable and rugged<br />

for long-lasting performance. Nothing<br />

Head headphones feature active<br />

noise cancellation for a focused and<br />

immersive listening experience.<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 13

GAMING<br />




Fenix Games has raised $150<br />

million to create a new kind<br />

of publisher for blockchain<br />

gaming.<br />

<strong>The</strong> idea is to create a<br />

publisher and platform company that<br />

plays a key role in bringing blockchain<br />

games to market. Fenix Games plans<br />

to acquire, invest and publish both<br />

existing games and blockchain games<br />

of the future.<br />

<strong>The</strong> investors include Phoenix Group<br />

and Cypher Capital. <strong>The</strong> new company<br />

suggests that blockchain gaming —<br />

which has had a kind of Cambrian<br />

explosion in the last couple of years<br />

— is heading toward a consolidation<br />

where big companies are going to<br />

emerge by acquiring or funding all<br />

strong startups. In other words, Fenix<br />

Games hopes to be in a good position<br />

to roll up a lot of companies together<br />

into a single strong company with a big<br />

portfolio — one that can survive the<br />

current doldrums in blockchain games.<br />

“You can think of us as like a<br />

VC fund,” said Chris Ko, CEO and<br />

co-founder of Fenix Games, in an<br />

interview with GamesBeat. “<strong>The</strong><br />

market is similar to earlier [mobile<br />

gaming at the rise of free-to-play<br />

games] but it hasn’t found its Clash of<br />

Clans for blockchain games yet. We’re<br />

using the VC arm to fund the next<br />

generation of games. We’re actually<br />

going to start off with a huge base of<br />

capital to invest in those studios. We’re<br />

also looking to use our balance sheet<br />

to acquire a bunch of existing games<br />

in the Web2 space to build a portfolio.<br />

And that will be the right base for our<br />

portfolio.”<br />

Historically, the gaming sector<br />

has had participants that provided a<br />

market or platform for both gamers<br />

and game developers. In consoles, the<br />

platforms included Sony, Microsoft and<br />

Nintendo. And in mobile, the platforms<br />

are Apple and Google.<br />

In both of those cases, an entire<br />

market was created and it led to an<br />

ecosystem to allow the consumption<br />

of content. However, for blockchain<br />

gaming, this market does not exist<br />

currently, said Ko. <strong>The</strong> company was<br />

started by a group of industry veterans<br />

from the gaming, blockchain and<br />

financial markets.<br />

“We plan to acquire, invest, publish,<br />

and operate in select cases games and<br />

studios,” said Ko. “We will have a few<br />

hundred million to deploy to execute<br />

our strategy.”<br />

14 / <strong>January</strong> <strong>2023</strong><br />


<strong>The</strong> chains represent a potential<br />

platform similar to prior gaming<br />

cycles, but at this stage, do not appear<br />

to be focused on building the market<br />

for gamers, Ko said.<br />

“We believe that this is temporary<br />

as the primary apps on chains are<br />

going to be gaming,” Ko said. “<strong>The</strong><br />

infrastructure, tools and support just<br />

do not exist. We believe there is an<br />

opportunity for the role of Publishing<br />

to elevate its role in the gaming<br />

ecosystem.”<br />

More experienced gaming<br />

developers are moving into expanding<br />

into blockchain gaming, particularly<br />

in the wake of Apple’s privacy push<br />

in mobile games. But Fenix Games<br />

believe a very narrow set of games is<br />

being developed so far for blockchain<br />

platforms.<br />

“We believe that there is a structural<br />

gap – We aim to fill this gap with<br />

a redefined publishing group that<br />

leverages some of the traditional<br />

publishing functions, but with a new<br />

function,” Ko said. “Just like in mobile<br />

free-to-play games there was a<br />

blending of analytics and the product<br />

management function to launch, scale,<br />

and operate live services, we believe<br />

blockchain gaming will see a similar<br />

‘blending’ of functions.”<br />

Fenix games wants to combine the<br />

skills of its people in game publishing<br />

and product management as well as<br />

the functions will be rooted in product<br />

management, but take disciplines and<br />

capabilities from financial services,<br />

principally asset management.<br />

<strong>The</strong> combination of these disciplines<br />

is what the company calls game<br />

market economies. In its simplest<br />

terms, that will create the market<br />

for a game or games to maximize<br />

the potential players for a game.<br />

A key function of the game market<br />

economies will be to scale the<br />

community ahead of the game launch.<br />

Similar to the function of live<br />

operations which was created<br />

to sustain a game post-launch<br />

for years, Fenix Games believes<br />

game market economies will play<br />

a vital role in the months and even<br />

years ahead of Ko said that Fenix<br />

Games is a next-generation games<br />

publisher facilitating the transition<br />

of the next billion gamers into a<br />

blockchain-integrated future. Whereas<br />

traditional Web2 games have mature<br />

distribution platforms and markets<br />

that bring billions of players and<br />

developers together, Web3 lacks the<br />

infrastructure, tools and support to<br />

facilitate mass adoption.<br />

As more and more quality<br />

developers embrace blockchain<br />

technology and design principles, Ko<br />

said the company sees an opportunity<br />

for the role of publishing to elevate its<br />

value in the design, go-to-market and<br />

operations of games.<br />

<strong>The</strong> activity of a game launch is<br />

required to fill the gap in what used to<br />

be filled by the platform owners.<br />

“It is a bit of a roll-up, but it’s also<br />

investing,” Ko said.<br />

Fenix Games will focus on the<br />

marriage of game market economies<br />

and live operations to provide<br />

publishing services to all game<br />

models – premium, free-to-play,<br />

and blockchain gaming across all<br />

platforms.<br />

“I see a huge gap right now with<br />

various developers experimenting<br />

with game infrastructure, middleware,<br />

and more. <strong>The</strong>re isn’t anyone really<br />

filling the publisher role and trying<br />

to figure out how you go to market<br />

successfully,” Ko said. “By taking a<br />

publishing approach, we abstract<br />

ourselves from the technologies. We<br />

play Switzerland when it comes to<br />

technology and we mitigate risks.”<br />

In addition to raising its own funds,<br />

Fenix Games will have access to<br />

allies among investors with a lot more<br />

capital — in the hundreds of millions<br />

of dollars — as well. “And what that<br />

means is that we’re not bound by a<br />

single technology, we’re not beholden<br />

to a single ecosystem,” Ko said.<br />

Ko was previously senior vice<br />

president of corporate development<br />

for Mythical Games. He has nearly<br />

20 years of gaming experience, and<br />

he held general manager positions<br />

at Electronic Arts and Kabam. Prior<br />

to that, he was a portfolio manager<br />

at Blackrock and an equity research<br />

analyst at JPMorgan.<br />

Other cofounders of Fenix Games<br />

include Rudy Koch, chief business<br />

officer and co-founder of Mythical<br />

Games. Koch has 15 years of<br />

experience in game development on<br />

the biggest names in the industry: Club<br />

Penguin, Call of Duty, Skylanders, and<br />

World of Warcraft.<br />

Antonio Hallack is the CIO/CTO and<br />

co-founder. Hallack previously worked<br />

as global head of electronic trading<br />

at Credit Suisse; head of prop trading,<br />

market making, CTO, and other senior<br />

roles in IB (Citi, Merrill, Goldman,<br />

Salomon Smith Barney, Bridgewater,<br />

etc). He has been involved in prop<br />

trading, market making, and asset<br />

management in crypto markets since<br />

2017.<br />

Matt Nutt is the chief operating<br />

officer and co-founder of Fenix Games.<br />

He was previously chief operating<br />

officer and head of games at Mythical<br />

Games. Prior to joining Mythical, he<br />

was the vice president and group<br />

general manager for EA Mobile.<br />

Previously he oversaw studios at Glu<br />

Mobile, ran indie studio Cie Games<br />

(and sold to Glu for $100 million in<br />

2014), and held management positions<br />

at Blizzard Entertainment and Square<br />

Enix, in business development roles.<br />

“<strong>The</strong> four of us are stepping up to<br />

the company to extend the things that<br />

we’ve done from our prior lives to”<br />

blockchain gaming markets,” Ko said.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 15

Israel’s OurCrowd to set up Abu<br />

Dhabi investment center and AI<br />

hub<br />

One of the largest venture capital firms<br />

in Israel, OurCrowd, is partnering with<br />

the Abu Dhabi Investment Office to<br />

extend its activities in Abu Dhabi with<br />

a new investment hub and an artificial<br />

intelligence hub. <strong>The</strong> firms announced<br />

in a joint statement, during Abu Dhabi<br />

Finance Week, that the venture capital<br />

center of OurCrowd Arabia, which<br />

was incorporated at Abu Dhabi Global<br />

Market in 2021, will manage deals<br />

for its current platform and serve<br />

emerging markets.<br />

OurCrowd and Adio will also launch<br />

Integrated Data Intelligence, an AI<br />

hub, which will be based at ADGM’s<br />

Hub71 start-up center and is aimed at<br />

commercializing AI for businesses, the<br />

companies said.<br />

Order secures $1m pre-Seed round<br />

Order, a Saudi SaaS company<br />

offering technical assistance to F&B<br />

proprietors, reported that it had been<br />

successful in raising $1 million. During<br />

the pre-Seed Funding Round, various<br />

angel investors were in charge. <strong>The</strong><br />

company’s initial efforts to grow<br />

its market share and improve the<br />

innovation and development of its<br />

services are represented by this round.<br />

Faisal AlAnazi, Order Founder and<br />

CTIO, commented, “Investors’ belief<br />

in us is the main motive for us to<br />

have continuous development and<br />

innovation for the services we provide<br />

in the company, which will give us a<br />

competitive advantage in the market<br />

as our solutions are comprehensive<br />

and offer financial freedom to brand<br />

owners in this sector.”<br />

Alcazar Energy Partners concludes<br />

a $337m funding round from 8<br />

investors<br />

Asset management with a focus on<br />

renewable energy, Alcazar Energy<br />

Partners, reported raising close to<br />

$337 million from investors, including<br />

the European Investment Bank,<br />

to support its expansion into new<br />

markets. <strong>The</strong> money was raised for the<br />

Alcazar Energy Partners II fund, which<br />

is domiciled in Luxembourg. <strong>The</strong> firm<br />

said that it has a final goal size of $500<br />

million and a hard cap of $650 million.<br />

Alcazar said eight investors<br />

participated in the funding, also<br />

including the European Bank for<br />

Reconstruction and Development and<br />

the International Finance Corporation,<br />

the private-sector lending arm of the<br />

World Bank.<br />

Dubai’s Nakheel receives $4.6 bn<br />

to fund expansion<br />

<strong>The</strong> developer of Dubai’s <strong>The</strong> Palm<br />

Jumeirah, Nakheel, has obtained Dh17<br />

billion ($4.6 billion) in finance as it<br />

seeks to grow amid the emirate’s real<br />

estate boom. According to Nakheel,<br />

the agreement involves a refinancing<br />

of Dh11 billion and additional funding of<br />

Dh6 billion to support the development<br />

of new projects, such as the Dubai<br />

Islands and other sizable coastal<br />

developments.<br />

<strong>The</strong> Dh11bn refinancing agreement was<br />

reached through a syndicate of three<br />

banks — Mashreq Bank, Dubai Islamic<br />

Bank, and Emirates NBD.<br />

Abu Dhabi-based Swftbox raises<br />

$2m in expansion aims<br />

UAE-based business Swftbox raised<br />

$2 million in a seed fundraising round.<br />

Mena <strong>Technology</strong> Fund, a Londonbased<br />

investment firm, served as the<br />

round’s lead investor. Other investors<br />

in the investment round included<br />

Polymath Ventures, AirAngels, Ithraa<br />

Investment Company, and several<br />

strategic investors from the US, the<br />

UAE, Saudi Arabia, and Europe.<br />

FUND ING<br />

N EWS<br />

Khalifa Fund teams up with Abu<br />

Dhabi’s Finance House offering<br />

support for Emirati-owned<br />

businesses<br />

A partnership between the Khalifa<br />

Fund for Enterprise Development and<br />

the Finance House company in Abu<br />

Dhabi will increase the finance options<br />

available to Emirati-owned small and<br />

medium-sized businesses. According<br />

to the Khalifa Fund, the initiative,<br />

known as the credit guarantee plan,<br />

will offer its members financial<br />

benefits, including the chance for<br />

SMEs to borrow directly from banks at<br />

more affordable rates.<br />

Algerian tech startup Yassir closes<br />

$150m funding round aiming<br />

expansion<br />

<strong>Technology</strong> startup in Algeria Yassir,<br />

which in Arabic means “easy,” has<br />

raised $150 million in a capital round<br />

to help the business grow and further<br />

develop its core technology. Bond<br />

served as the lead investor in the new<br />

funding round, which also included<br />

DN Capital, Dorsal Capital, Quiet<br />

Capital, Stanford Alumni Ventures,<br />

Y Combinator, and several strategic<br />

investors.<br />

Dubai’s Fintech Hive hosted<br />

disruptive startup funding event in<br />

the metaverse<br />

<strong>The</strong> annual Investor Day of FinTech<br />

Hive, the start-up accelerator<br />

supported by the Dubai International<br />

Financial Centre (DIFC), took place<br />

in the metaverse, allowing its startup<br />

founders to pitch their ideas to<br />

investors for the first time in the<br />

rapidly developing digital market.<br />

On November 10, the flagship event<br />

included more than 40 founders<br />

of financial technology start-ups,<br />

who networked with the program’s<br />

knowledge and financial partners,<br />

FinTech Hive announced.<br />

16 / <strong>January</strong> <strong>2023</strong><br />


UAE NEWS<br />

African mobility fintech Moove<br />

raises $30m eyeing UAE expansion<br />

A debut sukuk offering by Moove, an<br />

African mobility fintech that provides<br />

car finance to drivers of ride-hailing<br />

businesses like Uber and other gig<br />

platforms, raised $30 million. It was<br />

organized by Franklin Templeton<br />

Investments because Moove wants to<br />

create the biggest ride-hailing fleet of<br />

electric vehicles in the Middle East and<br />

North Africa.<br />

Founded in 2020, Moove said it would<br />

use the funds to scale to 2,000 EVs in<br />

the UAE in the coming year, “creating<br />

sustainable economic opportunities,<br />

while accelerating the electrification of<br />

mobility and enhancing the ride-hailing<br />

passenger experience in the region”.<br />

e& continues global expansion by<br />

acquiring 11% additional stake in<br />

Vodafone<br />

In an effort to broaden its business<br />

activities internationally, e&, formerly<br />

known as Etisalat, the largest<br />

telecom provider in the United Arab<br />

Emirates, has boosted its shareholding<br />

in Vodafone Group. According to<br />

a statement the telco made on<br />

Wednesday to the Abu Dhabi Securities<br />

Exchange, where its shares are traded,<br />

the business has expanded its stake<br />

to “aggregate 3,015.5 million shares,<br />

representing 11% of Vodafone’s issued<br />

share capital [excluding treasury<br />

shares]”.<br />

Abu Dhabi’s Edge Group and MoIAT<br />

concluded a hackathon to address<br />

industrial difficulties<br />

<strong>The</strong> first Pioneers 4.0 hackathon<br />

event, organized by the UAE Ministry<br />

of Industry and Advanced <strong>Technology</strong><br />

(MoIAT) and Abu Dhabi defense giant<br />

Edge Group, has come to an end.<br />

<strong>The</strong> initiative’s goal is to provide<br />

answers to problems in the industrial<br />

sector. <strong>The</strong> hackathon, aligned with<br />

the Emirates’ Industry 4.0 plan,<br />

encouraged 15 students from a variety<br />

of the UAE’s major universities to<br />

suggest solutions for problems<br />

through the use of modern technology<br />

such as artificial intelligence and<br />

machine learning, Edge said.<br />

Abu Dhabi’s DED digitally connects<br />

4 free zones in the emirate<br />

In an effort to establish a centralized<br />

database for economic licenses in the<br />

emirate, the Abu Dhabi Department of<br />

Economic Development (Added) has<br />

digitally linked four free zones. <strong>The</strong><br />

e-link project links the 12 economic<br />

zones that make up the Kezad Group,<br />

including the Masdar City Free Zone,<br />

media free zone twofour54, and the<br />

Abu Dhabi Airports Free Zone.<br />

www.thetechnologyexpress.com<br />

UAE pioneers in adopting latest<br />

advanced medical technologies,<br />

experts say<br />

According to Dr. Nadine Hachach<br />

Haram, founder and CEO of Proximie,<br />

“<strong>The</strong> UAE is already a recognized<br />

regional leader in the supply of<br />

top-notch healthcare solutions, and<br />

it has shown that it is dedicated to<br />

major investment to preserve that<br />

international standing. <strong>The</strong> business<br />

offers a software platform that enables<br />

doctors to virtually enter any operating<br />

theater from anywhere, enabling the<br />

top surgeons in the world to effectively<br />

be present in real-time for complex<br />

surgeries in clinics and hospitals<br />

across the nation.<br />

Abu Dhabi Investment Authority<br />

launches <strong>The</strong> Adia Lab to promote<br />

research<br />

One of the largest sovereign wealth<br />

funds in the world, the Abu Dhabi<br />

Investment Authority, has opened a<br />

new innovation center and kicked off<br />

operations by announcing a $100,000<br />

research award that focuses on<br />

investment methods. Adia stated in<br />

a statement that the Adia Lab, which<br />

was first announced in October, is an<br />

independent organization that would<br />

focus on data and computational<br />

sciences with wide research aims<br />

that are not particular to investmentrelated<br />

applications.<br />

<strong>January</strong> <strong>2023</strong> / 17



<strong>The</strong> Bahamian-based cryptocurrency exchange FTX has collapsed due to an<br />

unanticipated spike in customer withdrawals and a failed deal with rival Binance,<br />

serving as an unsettling reminder of the events that took place after the May 2022<br />

crypto market collapse. FTX and Binance revealed that they had signed a “non-binding<br />

letter of intent” for Binance to buy all of FTX’s non-U.S. exchange business, hoping<br />

to avoid what happened to former crypto juggernauts Three Arrows Capital (3AC),<br />

Voyager Digital, and Celsius Network, each of which filed for bankruptcy protection<br />

earlier. Binance declared that it would not go through with the deal, citing worries<br />

about improper management of customer assets and U.S. regulatory probes.<br />

AFamiliar Story<br />

Following the crypto<br />

failures, FTX frequently<br />

made headlines for its<br />

high-profile acquisitions<br />

of troubled crypto assets. As it was<br />

on the verge of bankruptcy, BlockFi, a<br />

cryptocurrency trading platform, was<br />

acquired by FTX’s U.S.-based exchange<br />

(FTX.US) in July. <strong>The</strong> winning proposal<br />

to buy the assets of the insolvent<br />

cryptocurrency lending platform<br />

Voyager was made in September by<br />

FTX.US, there have also been rumours<br />

that FTX.US may attempt to acquire<br />

Celsius Network’s assets through<br />

Chapter 11 proceedings.<br />

In a shocking turn of events, trade<br />

journals disclosed that Alameda<br />

Research, a prominent crypto hedge<br />

fund controlled by FTX, has significant<br />

exposure to FTX’s native coin FTT on<br />

its balance sheet. Binance, a significant<br />

FTT investor, later declared that it<br />

was liquidating all of its holdings,<br />

citing concerns that FTT would<br />

crash like Terra LUNA in May 2022.<br />

Following the announcement, FTX<br />

saw a spike in customer withdrawals,<br />

and rumours spread that many FTX<br />

18 / <strong>January</strong> <strong>2023</strong><br />


users were having trouble getting<br />

their cryptocurrency out of the global<br />

exchange.<br />

Before announcing the prospective<br />

strategic partnership with Binance,<br />

FTX halted withdrawals, following the<br />

lead of other cryptocurrency startups.<br />

<strong>The</strong> futures of FTX and connected<br />

companies like FTX.US and Alameda<br />

are still being determined, as there is<br />

presently no agreement in place.<br />

Lessons Learned from Terra, 3AC,<br />

and Voyager.<br />

<strong>The</strong> announcement of FTX’s<br />

liquidity crisis is reminiscent of<br />

what happened earlier, when the<br />

failure of the Terra platform and its<br />

accompanying native token, LUNA, in<br />

May 2022 shook consumer confidence<br />

in cryptocurrencies and had a<br />

detrimental effect on the crypto market<br />

as a whole. Many cryptocurrency<br />

hedge funds that owned LUNA suffered<br />

huge losses. For instance, LUNA’s<br />

largest holder and cryptocurrency<br />

hedge company Three Arrows Capital<br />

www.thetechnologyexpress.com<br />

(3AC), filed for bankruptcy in July<br />

2022. <strong>The</strong> Terra collapse resulted in<br />

a total market value loss of almost<br />

$40 billion. Interpol has issued a Red<br />

Notice for the arrest of Terra’s founder,<br />

who is currently a wanted man on<br />

the global stage. U.S. regulators are<br />

reportedly looking into Terra, its<br />

founder, and 3AC over claims that they<br />

misled investors about the strength of<br />

the hedge fund’s balance sheet. <strong>The</strong>se<br />

regulators include the SEC and CFTC.<br />

Following the failure of Terra<br />

and 3AC, two well-known crypto<br />

lending platforms, Voyager and<br />

Celsius Network, were subjected to<br />

unprecedented customer withdrawal<br />

requests as a result of press reports<br />

and social media posts alleging that<br />

they were having liquidity problems.<br />

<strong>The</strong>y both stopped consumer<br />

withdrawals and, soon after that,<br />

declared bankruptcy. Recently, Celsius<br />

Network revealed in court documents<br />

that it is under investigation by state<br />

and federal regulators. It has been<br />

served with a subpoena by a federal<br />

grand jury in the Southern District of<br />

New York.<br />

Potential Impact on Crypto Market<br />

Participants<br />

None of this is good news for FTX’s<br />

investors or account holders, and<br />

anyone who is or may be affected by a<br />

potential bankruptcy or liquidation of<br />

FTX or Alameda should be careful to<br />

grasp their rights and available options<br />

before their options are limited.<br />

BlackRock, the Ontario Teachers’<br />

Pension Plan, SoftBank, Sequoia<br />

Capital, and Tiger Global were<br />

reportedly among the numerous major<br />

blue-chip investors. <strong>The</strong>y purportedly<br />

contributed to FTX’s $421 million<br />

Series B investment round in 2021.<br />

To that point, the funding round was<br />

regarded as the biggest venture capital<br />

round for a cryptocurrency startup.<br />

Later that year, Celsius Network raised<br />

$750 million in a Series B round. It<br />

is also claimed that many of these<br />

institutional investors participated in<br />

the concurrent Series C and Series<br />

A rounds by FTX and FTX. U.S. What<br />

will happen to their investments is a<br />

pressing concern.<br />

Initially, if FTX is forced into<br />

liquidation, stock investments are<br />

at risk. In the Celsius bankruptcy<br />

proceedings, a group of Series B<br />

preferred shareholders requested the<br />

appointment of an official preferred<br />

equity committee, arguing in particular<br />

that Celsius and the Official Unsecured<br />

Creditors Committee (UCC) were<br />

aligned in protecting the interests of<br />

customers at the expense of equity,<br />

which they argued could have a<br />

significant recovery in the case. This<br />

is an example of the difficulties that<br />

equity holders may face in a crypto<br />

bankruptcy. <strong>The</strong> shareholders argued<br />

that “non-customer facing entities,”<br />

such as Celsius’ potentially lucrative<br />

Bitcoin mining and non-debtor crypto<br />

storage businesses, are immune from<br />

customer claims.<br />

<strong>The</strong> Bankruptcy Court finally<br />

rejected the shareholders’ request to<br />

establish an official preferred equity<br />

committee after Celsius and the<br />

UCC raised objections to the desired<br />

remedy. It remains to be seen if equity<br />

has a workable avenue to recovery<br />

under its theory because the decision<br />

did not address whether the consumer<br />

claims can be made against all Celsius<br />

companies.<br />

Even while the problems in Celsius<br />

are fact-specific, any bankruptcy<br />

using FTX or other digital asset<br />

exchanges may result in problems<br />

that are equally intricate and new.<br />

<strong>The</strong>refore, investors in a struggling<br />

crypto platform or exchange should<br />

seek advice from qualified legal<br />

representatives to take into account.<br />

-feature@thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 19




Minister of Health and<br />

Medical Education of<br />

Iran Bahram Eynollahi<br />

has underlined the need<br />

to expand strategic<br />

collaborations between the UAE and<br />

Tehran in healthcare.<br />

One of Iran’s health system’s<br />

accomplishments is the manufacture<br />

of anti-cancer medications, which have<br />

been utilized in an Iranian hospital<br />

in Dubai and have proven effective in<br />

treating patients, he continued.<br />

He continued by pointing out that<br />

the IRCS can supply medicine to the<br />

UAE at a competitive price because<br />

of its expertise in the production of<br />

pharmaceuticals, and he expressed<br />

his willingness to collaborate with<br />

the UAE Ministry of Health and forge<br />

collaborative relationships.<br />

Al Owais, for his part, emphasized<br />

that the Red Crescent’s acts serve as<br />

examples of prophetic obligations,<br />

that Iran is our friend and brother, and<br />

that, as a result, bilateral collaboration<br />

is growing. He also welcomed the<br />

development of this cooperation and<br />

suggested building new methods.<br />

He added that synergy needs to<br />

be prioritized because it is currently<br />

impossible to succeed in many areas<br />

on your own.<br />

Self-sufficiency in pharmaceuticals<br />

production<br />

According to Mohammad Reza<br />

Shanehsaz, the previous head of the<br />

Food and Drug Administration, the<br />

number of pharmaceuticals imported<br />

into Iran has decreased by 91%,<br />

demonstrating the strength of the<br />

nation’s pharmaceutical industry.<br />

He added that since domestic<br />

manufacturers already produce<br />

every drug used to treat coronavirus,<br />

importing them all would result<br />

in exorbitant exchange rates and<br />

emphasized that the creation of<br />

the COVID-19 vaccine shows the<br />

pharmaceutical industry’s capacity.<br />

According to the Vice Presidency<br />

for Science and <strong>Technology</strong>, 227<br />

knowledge-based businesses provide<br />

medical equipment to hospitals all<br />

around the nation.<br />

Faramarz Ekhteraei, head of the<br />

Iranian Pharmaceutical Industries<br />

Syndicate, emphasized that 72% of the<br />

nation’s pharmaceutical raw materials<br />

are produced locally and that Iranianmade<br />

medications are being shipped to<br />

Canada, Japan, and Europe.<br />

According to a member of the<br />

board of directors of the Association<br />

of Manufacturers and Exporters of<br />

Medical Biotechnology Products,<br />

biotechnology products make up about<br />

40% of all national pharmaceutical<br />

exports.<br />

An official with the Food and Drug<br />

Administration has reported that over<br />

the past [Iranian calendar] year (March<br />

2021-March 2022), Iran sold drugs<br />

worth $7.5 million to Russia.<br />

He emphasized that Iran’s<br />

technology can compete with other<br />

nations in this field and that Iran<br />

exports biotechnology products to<br />

nations in Europe, Asia, and Latin<br />

America.<br />

-feature@thetechnologyexpress.com<br />

20 / <strong>January</strong> <strong>2023</strong><br />





With the growing threat of cyberattacks, AI is the answer to rebalance the cybersecurity<br />

game and move the industry forward. Cybersecurity has historically changed due to<br />

necessity as new threats arise and outdated defences stop working. Since the creation of the<br />

first antivirus program, new technology and ensuing weaknesses have required innovation to<br />

be addressed. AI is crucial in today’s war against cybercriminals because of this.<br />

How AI can rebalance<br />

Cybersecurity<br />

One of the most<br />

significant developments<br />

in security is artificial<br />

intelligence (AI), which modernizes<br />

older methods by upending the<br />

market and encouraging creative<br />

thinking. Computer security used to<br />

be as simple as installing antivirus<br />

on the computer. Still, the essential<br />

devices that require protection are<br />

smartphones, tablets, and other<br />

Internet of Things (IoT) devices.<br />

Understanding how we connect,<br />

where we put our trust, and where<br />

we focus our attention is now more<br />

critical than ever for cybersecurity.<br />

Social networking, e-commerce, and<br />

the digital revolution of our daily lives<br />

also increase our contact with other<br />

devices and people.<br />

<strong>The</strong> potential for artificial intelligence<br />

to revolutionize cybersecurity is<br />

enormous. In reality, the number of<br />

relevant machine data is increasing<br />

so quickly due to attackers’ increasing<br />

use of AI-based automation that<br />

using current machine learning<br />

techniques is the only way we can<br />

now provide cybersecurity. Without<br />

explicit instruction, AI can assist<br />

by shielding us from obvious and<br />

less apparent threats in these new<br />

interactions. We must reduce reliance<br />

www.thetechnologyexpress.com<br />

on human defence specialists,<br />

who are inherently ill-prepared to<br />

repel AI-assisted attacks. <strong>The</strong> best<br />

solution to this problem is automated<br />

feature extraction, which enables<br />

knowledgeable security analysts to<br />

concentrate on the most complex<br />

attacks developed by human attackers.<br />

How can AI help stop cyberattacks?<br />

Artificial intelligence plays a bigger<br />

role in cybersecurity when combined<br />

with machine learning. According to<br />

ZDNet, new security systems that<br />

scan enormous volumes of data<br />

from millions of cyber events are<br />

discovering new phishing and malware<br />

variants.<br />

A few thieves are always ahead of the<br />

curve, tweaking their malware so that<br />

it doesn’t get flagged as malicious by<br />

antivirus software. Machine learning<br />

has significant advantages for antimalware<br />

security systems, especially<br />

as it can use data from any malware<br />

that has already been identified.<br />

Machine learning may help<br />

cybersecurity initiatives. AI-powered<br />

network monitoring software can keep<br />

tabs on users’ activity. Because of this,<br />

the system can check to see if a new<br />

form of malware has been discovered.<br />

AI’s ability to detect anomalies is<br />

a considerable asset in an everchanging<br />

environment.<br />

<strong>The</strong> future of AI in cybersecurity<br />

We have massive hope for the future<br />

of AI in cybersecurity and, more<br />

broadly, in the public domain. By<br />

going well beyond the conventional<br />

idea of protection from file, script,<br />

and email threats to systems that<br />

safeguard transactions, interactions,<br />

conversations, and attention, we<br />

expect to see the industry advance and<br />

define the future of computer security.<br />

Because there is no single definition<br />

of AI, it is frequently misunderstood,<br />

which causes uncertainty and, in the<br />

end, disillusionment. <strong>The</strong> influence of<br />

AI on society is so complicated that a<br />

significant comprehension gap needs<br />

to be filled. Fundamentally, it is an<br />

intelligent system that can collect and<br />

process data, but decision-making is<br />

the real hallmark of AI.<br />

AI developments in cybersecurity will<br />

ultimately secure our digital future and<br />

with increasing public understanding.<br />

<strong>The</strong> role of AI in cybersecurity is now<br />

essential to enabling people to enjoy<br />

digital freedom, and we look forward<br />

to seeing the development of new AIbased<br />

solutions which make the most<br />

of their vast potential.<br />

-feature@thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 21

TECH<br />

MY<br />

MONEY<br />

DELL XPS 13 PLUS<br />

<strong>The</strong> Dell XPS 13 Plus is a<br />

redesigned ultrabook from Dell<br />

following a few years of minor<br />

spec changes. It’s not too much of<br />

a spoiler to state upfront that it is<br />

stunning.<br />

It’s a daring new look that primarily<br />

works because of its real edgeto-edge<br />

keyboard, minimal display<br />

bezel, invisible haptic touchpad, and<br />

capacitive function keys. Will Dell be<br />

able to uphold its sterling reputation<br />

and create an ultrabook that works as<br />

well as it looks?<br />

<strong>The</strong> XPS 13 range has now split,<br />

which is the first thing to note. While<br />

the XPS 13 Plus variants use the<br />

more potent 28W P-series CPUs, the<br />

standard XPS 13 models use Intel’s 12th<br />

generation lower power (15W or 9W)<br />

U-series chips. <strong>The</strong> keyboard deck of<br />

the 13 Plus computers also receives<br />

a complete redesign for a more<br />

extensive makeover. Other than that,<br />

the XPS 13 still has its advantages,<br />

including various specifications,<br />

optional touchscreens, and a choice of<br />

Windows or Ubuntu as your operating<br />

system.<br />

22 / <strong>January</strong> <strong>2023</strong><br />


TECH<br />

MY<br />

MONEY<br />

This game’s basic notion is to take<br />

Thomas the Tank Engine’s familyfriendly,<br />

wholesome approach and<br />

run it through a horrific Stephen Kingstyle<br />

horror story generator. Choo-<br />

Choo Charles is the outcome, a horror<br />

survival game in which players must<br />

flee from and defeat a vast, sentient<br />

spider train.<br />

You’ll spend time gathering supplies<br />

to fortify your train and equipment,<br />

expanding your powers, and crossing<br />

your fingers when you’re not busy<br />

scaring the hell out of yourself by<br />

being ambushed by Charles. It’s time<br />

to battle as soon as you hear Charles’<br />

skittering, metallic feet, and whether<br />

you survive will depend on your<br />

tenacity, inventiveness, and foraging<br />

skills.<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 23

TECH<br />

MY<br />

MONEY<br />

Fortnite Battle Royale Chapter 4<br />

is here; Epic newest comes with<br />

a new island for players to fight<br />

over and survive the gas. A few notable<br />

locations are marked on the map,<br />

including <strong>The</strong> Citadel, Anvil Square, and<br />

Frenzy Fields, a farm.<br />

This chapter brings new gameplay<br />

changes, including Trail Thrashers and<br />

dirt bikes that let you move while firing<br />

your weapons and executing tricks.<br />

You can now leap over obstacles by<br />

sprinting in their direction. In snowy<br />

regions of the game, players can now<br />

make a snowball using their pickaxe.<br />

<strong>The</strong> snowball can defeat your foes by<br />

rolling over them.<br />

Reality Augments is another element<br />

included in this chapter. This function<br />

allows you to select two random<br />

character bonuses at specific points<br />

throughout the game. Luminous<br />

Fingers You can reload weapons that<br />

use light ammo more quickly with<br />

Reality Augments. <strong>The</strong> new Shockwave<br />

Hammer weapon, which allows you<br />

to throw yourself at other players, is<br />

available to be tested by players.<br />

24 / <strong>January</strong> <strong>2023</strong><br />


TECH<br />

MY<br />

MONEY<br />

ZENS 4-IN-1 AND 3-IN-<br />



<strong>The</strong> new Zens 4-in-1 Modular<br />

Charging Station can charge your<br />

iPhone, iPad, AirPods, and Apple<br />

Watch with just one item, but the price<br />

and design might put some people off.<br />

Typically, multi-device chargers<br />

concentrate on smaller devices like<br />

iPhones, Apple Watches, and AirPods.<br />

However, adding an iPad charging port<br />

to Zens’ new 4-in-1 Modular Charging<br />

Station is an incredible innovation<br />

that may enable it to serve as the only<br />

charger in space or family.<br />

Because of the charger’s modular<br />

design, each side of the central station<br />

may magnetically connect and detach<br />

the Apple Watch charging connection.<br />

Separately, Zens also offers different<br />

modular chargers.<br />

For charging numerous devices,<br />

the charging station has a compact<br />

footprint. It is only 26.38 ounces in<br />

weight and measures 6.4 by 6.4 by 5.7<br />

inches.<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 25

NEWS<br />


MBRIF and Dubai Silicon Oasis cooperate<br />

to support emerging technology startups<br />

Dubai Silicon Oasis (DSO), a free zone<br />

technology park and member of the<br />

Dubai Integrated Economic Zones<br />

Authority (DIEZ), has partnered with<br />

the Mohammed bin Rashid Innovation<br />

Fund (MBRIF), an initiative launched by<br />

the UAE Ministry of Finance to support<br />

national innovation, to support emerging<br />

technology start-ups in the UAE through<br />

Dubai <strong>Technology</strong> Entrepreneur Campus<br />

(Dtec), the largest tech hub and coworking<br />

space in the MENA region.<br />

<strong>The</strong> Future 100 programme to support<br />

top 100 startups in the UAE<br />

<strong>The</strong> UAE has started a new program to<br />

assist and recognize the top 100 startups<br />

that will significantly improve<br />

the nation’s economy and increase<br />

its future preparedness. <strong>The</strong> Future<br />

100 initiative will support emerging<br />

industries that will help to shape the<br />

nation’s economy in the future, such<br />

as space, renewable energy, and<br />

emerging technology, the Ministry<br />

of the Economy and the Ministry of<br />

Governmental Development and Future<br />

announced at the initiative’s launch in<br />

Dubai.<br />

IN FOCUS<br />

Hub71 and the MiSK foundation to Hub71 welcomes 20 new startups as<br />

promote cross-border market access part of latest cohort<br />

for local tech firms<br />

Global tech ecosystem Hub71, based<br />

Hub71, Abu Dhabi’s global tech<br />

in Abu Dhabi, announced that it has<br />

ecosystem, and <strong>The</strong> Mohammed Bin chosen 20 start-ups from six different<br />

Salman Foundation (MiSK Foundation) countries that operate in various<br />

have partnered to ease international strategic economic sectors to join<br />

market access for startups and its most recent cohort. Since the<br />

technology companies between Abu expansion, Hub71’s community has<br />

Dhabi and the Kingdom of Saudi expanded to include more than 200<br />

Arabia.<br />

start-ups.<br />

<strong>The</strong> partnership will benefit founders It marked its third intake of start-ups<br />

seeking a soft-landing into the Saudi this year, which saw a 60 per cent<br />

Arabia or Abu Dhabi technology increase in applications from founders<br />

ecosystem, with access to value worldwide, Hub71 said.<br />

creation programs, incentives and<br />

investors, corporate and government<br />

partners. Through Hub71 and MiSK’s<br />

extensive partner networks, high<br />

growth tech companies will gain<br />

easier access to Abu Dhabi’s global<br />

tech ecosystem or Saudi Arabia’s<br />

thriving market with dedicated<br />

relocation service support covering,<br />

visas, licensing, and introductions to<br />

investors and partners for fundraising<br />

opportunities to support business<br />

development and ease the startup<br />

journey.<br />

In order to help startups and<br />

enterprises become digital, Etisalat by<br />

e& teams up with ADGM<br />

<strong>The</strong> idea is a complete company<br />

mobility solution that gives every<br />

employee the tools they need to work<br />

remotely or in a hybrid workplace.<br />

Etisalat by e& and Abu Dhabi Global<br />

Market (ADGM), the capital’s financial<br />

hub, have teamed to provide tenants<br />

and entrepreneurs digital solutions<br />

and goods.<br />

Through this partnership, etisalat by<br />

e&’s solutions will address the digital<br />

needs of businesses by providing<br />

benefits that will facilitate office,<br />

remote and hybrid working.<br />

Chamberthon competition involves<br />

SMEs and start-ups to help Dubai<br />

attract overseas businesses<br />

Dubai International Chamber, one of<br />

three chambers operating under Dubai<br />

Chambers, recently hosted its first<br />

Chamberthon competition designed to<br />

engage business leaders in Dubai to<br />

develop a new programme to attract<br />

startups and SMEs from international<br />

markets to the emirate.<br />

<strong>The</strong> hackathon-style event, hosted<br />

in Dubai, brought together a select<br />

group of participants, representing<br />

various companies, to understand the<br />

needs of the business community, top<br />

challenges related to setting up in the<br />

emirate and high-potential market<br />

opportunities.<br />

26 / <strong>January</strong> <strong>2023</strong><br />


UAE NEWS<br />

Emirati Entrepreneur Association<br />

and Talabat UAE sign MoU<br />

A Memorandum of Understanding<br />

(MoU) was signed between the<br />

Emirati Entrepreneur Association<br />

(EEA) and Talabat UAE during a<br />

ceremony that took place at the Abu<br />

Dhabi International Food Exhibition,<br />

which was held at the Abu Dhabi<br />

National Exhibition Centre. <strong>The</strong> EEA’s<br />

ongoing initiatives to encourage<br />

entrepreneurship in the UAE include<br />

this MoU.<br />

Gitex 2022 brings in record $698m,<br />

DWTC report says<br />

Gitex 2022, one of the biggest<br />

technology events in the world, which<br />

was hosted in Dubai in October,<br />

produced a record Dh2.6 billion ($698<br />

million) in total economic production,<br />

according to a report released by<br />

the Dubai World Trade Center. <strong>The</strong><br />

research stated that about $394<br />

million, or nearly 57% of the total<br />

output, was kept within the Dubai<br />

economy.<br />

UAE’s technology innovation<br />

institute introduces first highpower<br />

fibre laser in the MENA<br />

region<br />

<strong>The</strong> Directed Energy Research<br />

Centre (DERC) of the <strong>Technology</strong><br />

Innovation Institute (TII), a preeminent<br />

international scientific research<br />

institute and the applied research<br />

pillar of Abu Dhabi’s Advanced<br />

<strong>Technology</strong> Research Council (ATRC)<br />

announced that it has achieved a<br />

significant milestone in the quick<br />

development of fiber laser technology.<br />

www.thetechnologyexpress.com<br />

DigitalX teams up with Blue MENA<br />

to enhance service quality for<br />

public and private sectors<br />

An exclusive agreement was signed by<br />

DigitalX, a division of Digital DEWA, the<br />

digital division of the Dubai Electricity<br />

and Water Authority (PJSC), and Blue<br />

MENA, a pioneer in digital solutions<br />

that combine disruptive technologies,<br />

business re-engineering, sector<br />

expertise, and innovation for improved<br />

customer experiences.<br />

<strong>The</strong> agreement was signed between<br />

Hamad Karam, COO of DigitalX and<br />

Riadh Boukhris, CEO of Blue MENA<br />

to provide unique, competitive and<br />

customised solutions tailored to the<br />

needs of private and public companies<br />

across banking, healthcare and varied<br />

other sectors.<br />

VR-focused startup Mental plans<br />

GCC expansion<br />

Hani Abu Ghazaleh founded Mental,<br />

a virtual reality-focused technology<br />

startup, out of his love for computer<br />

graphics and video games. Before<br />

establishing Mental in Abu Dhabi<br />

in 2018, Mr. Abu Ghazaleh had an<br />

almost 15-year experience in the<br />

video game industry, working for<br />

major corporations like Ubisoft.<br />

Through the application of modern<br />

technology, the organization seeks to<br />

enhance learning. As the usage of VR<br />

technology spreads beyond the UAE,<br />

it is also actively involved in educating<br />

employees of businesses across all<br />

industries.<br />

France’s Veolia collaborates with<br />

Masdar and Beeah to operate<br />

Sharjah waste-to-energy plant<br />

<strong>The</strong> Sharjah Waste to Energy project<br />

will be run by a joint venture with the<br />

French utility Veolia, the business<br />

announced. <strong>The</strong> first waste-toenergy<br />

facility in the area was built<br />

by Emirates Garbage to Energy,<br />

a partnership between Sharjah<br />

environmental management business<br />

Beeah and Abu Dhabi renewable<br />

energy company Masdar. <strong>The</strong> facility<br />

processes up to 300,000 tonnes of<br />

waste from landfills annually.<br />

Dubai Future Labs signs contracts<br />

to promote innovation in logistics<br />

and aviation<br />

In order to promote innovation in the<br />

domains of logistics and aviation,<br />

Dubai Future Labs (DFL), a project of<br />

the Dubai Future Foundation (DFF), has<br />

inked three preliminary agreements<br />

with Emirates airline, DP World, and<br />

Dnata. As he observed the agreements<br />

being signed, Sheikh Hamdan bin<br />

Mohammed, the Crown Prince of<br />

Dubai and chairman of the Executive<br />

Council of Dubai, tweeted that the<br />

collaborations would “use future<br />

technology to foster innovation in our<br />

aviation and logistics industries.”<br />

<strong>January</strong> <strong>2023</strong> / 27

GAMING<br />

28 / <strong>January</strong> <strong>2023</strong><br />


<strong>The</strong> latest and possibly best<br />

edition of their continuing<br />

survival horror anthology is<br />

presented by the writers of<br />

Until Dawn and <strong>The</strong> Quarry.<br />

<strong>The</strong> first time we learned that <strong>The</strong><br />

Dark Pictures Anthology had a season<br />

one was during the buildup to the<br />

release of this fourth season of the<br />

series and the leaks about what will<br />

come after. We may have missed the<br />

message. It doesn’t matter because<br />

each edition is essentially a solo story,<br />

but playing a franchise where the most<br />

recent edition is now the greatest is<br />

enjoyable.<br />

Suppose the previous game, House<br />

of Ashes, felt vaguely inspired by Tomb<br />

Raider, albeit with the horror quotient<br />

ramped up. In that case, it’s possible<br />

to discern subtle tributes to games<br />

like Alone in <strong>The</strong> Dark and the first<br />

Resident Evil in <strong>The</strong> Devil In Me – even<br />

if its core subject matter is very much<br />

serial killers rather than zombies.<br />

A prologue to the story is presented<br />

in which a newlywed couple checks<br />

into the World’s Fair Hotel in Chicago<br />

in 1893. Unfortunately for them, the<br />

moustachioed H. H. Holmes, one<br />

of America’s first serial killers,<br />

conceived, constructed, and operated<br />

this. Today, a hapless camera crew<br />

is attempting to make a TV program<br />

about the case when Holmes is caught<br />

and hanged.<br />

<strong>The</strong> TV crew represents the cast of<br />

characters that you must try to keep<br />

alive until the game’s conclusion in<br />

true Dark Pictures fashion. This time,<br />

they are reasonably well thought<br />

out and portrayed, including the<br />

somewhat neurotic sound engineer<br />

and general factotum Erin, the feisty<br />

lighting engineer Jamie, the earnest<br />

and excessively devoted cameraman<br />

Mark, the vivacious presenter Kate,<br />

and the director Charlie, who is, to put<br />

it bluntly, a total ass.<br />

Platform: PC, PlayStation 4 and 5, and<br />

Xbox<br />

Developer: Supermassive Games<br />

Publisher: Namco Bandai<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 29

GAMING<br />

Abang-average title isn’t<br />

going to cut it anymore,<br />

with <strong>The</strong> Callisto Protocol<br />

and Dead Space looming<br />

on the horizon with the<br />

horror genre seeing an unexpected<br />

but welcome rebirth. <strong>The</strong> Chant is<br />

regrettably just that. It’s a good game,<br />

but it will vanish as quickly as it<br />

appeared.<br />

In this third-person game, the<br />

protagonist Jess has chosen to go on a<br />

spiritual retreat, which manages to go<br />

wrong in under 15 minutes. <strong>The</strong> game<br />

is about fending off psychedelic threats<br />

rather than running from them. <strong>The</strong><br />

game eliminates any opportunity for<br />

tension to build by throwing you into<br />

a battle with another dimension after<br />

a ritual goes wrong. Not nearly as<br />

intriguing as what comes next.<br />

<strong>The</strong> game, which has a cinematic<br />

edge, takes you through relatively<br />

straight environments while you battle<br />

enemies and solve puzzles. Heavyhanded<br />

animations frequently lock you<br />

into assaults in the fighting system,<br />

and the absence of a lock-on makes it<br />

more challenging to assess distance.<br />

You get some pretty cool powers,<br />

but you can only use them so much<br />

because of a meter whose capacity<br />

you never feel is quite total enough.<br />

30 / <strong>January</strong> <strong>2023</strong><br />


<strong>The</strong>re are a few good puzzles<br />

between encounters, but they never<br />

progress far enough to be truly<br />

spectacular. <strong>The</strong> Chant has the<br />

impression of having been created<br />

solely for practical purposes. When<br />

the Jared Leto impersonation of a<br />

cult leader appeared on television, we<br />

sometimes really liked the five to sixhour<br />

title; other times, not so much.<br />

But it’s crucial to remember that<br />

this isn’t a AAA game; thus, some of its<br />

aesthetics seem very abundant. When<br />

the sun is up, there are some beautiful<br />

images to appreciate, with vistas of<br />

the entire island and the surrounding<br />

seas. No matter how fierce the action<br />

becomes, everything goes smoothly<br />

thanks to a rock-solid 60 frames per<br />

second.<br />

Platform: PC, PlayStation 5, Xbox<br />

Series S|X<br />

Developer: Brass Token<br />

Publisher: Prime Matter<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 31

WEB3<br />



Acentralized entity<br />

loses control over<br />

Web3, a decentralized,<br />

permissionless, and<br />

trustless ecosystem.<br />

Conversely, Web2 is a centralized<br />

area predominately controlled by<br />

companies like Google, Microsoft, and<br />

others.<br />

<strong>The</strong> term “Web3” alludes to the<br />

decentralized future generation of the<br />

internet, fundamentally different from<br />

the centralized Web2 ecosystem built<br />

on a client-server architecture. In<br />

Web2, a server hosted by companies<br />

like Google Cloud or Amazon Web<br />

Services houses the backend code<br />

that drives apps. This arrangement<br />

concentrates power, allowing these<br />

corporations—collectively known as<br />

Big Tech—to obstruct access to anyone<br />

or trade users’ sensitive data for cash.<br />

Web3’s architecture, on the other<br />

hand, aims to decentralize this unfair<br />

advantage currently held by Big Tech,<br />

increasing transparency, fostering<br />

innovation, and granting people<br />

control over their data and online<br />

interactions. <strong>The</strong>re is neither a server<br />

nor a client in Web3. Instead, peer-topeer<br />

file sharing exists because of the<br />

Interplanetary File System (IPFS).<br />

Web3 applications lack trust<br />

and require no permissions, while<br />

some private blockchains do. While<br />

“trustless” refers to the property<br />

where users need to trust the<br />

network and not network participants,<br />

“permissionless” refers to the<br />

capability of seamless inter- and<br />

intra-platform communication. Web2<br />

apps, on the other hand, depend on<br />

user trust and centralized authority<br />

approval to function.<br />

Can Web3 solve the problems of Web2?<br />

Web3 returns ownership of content<br />

rights to the creator, raises security<br />

standards, ends unjust censorship,<br />

ushers transparency, automates<br />

software operation, and supports a<br />

creator economy.<br />

Businesses can benefit from<br />

prospects that are unthinkable<br />

because of Web3’s qualities.<br />

Decentralization and the<br />

permissionless cybersphere were<br />

strictly sci-fi concepts. However, Web3<br />

aims to fix the issues of Web2, opening<br />

the door to a decentralized internet<br />

era.<br />

• Data Ownership<br />

Decentralization eliminates Big<br />

Tech’s monopoly by giving users more<br />

control. Users have the choice of<br />

making their data public or private.<br />

<strong>The</strong> system is intrinsically more<br />

stable than centralized systems<br />

since processing power and<br />

decision-making is distributed, unlike<br />

centralized systems, where the entire<br />

operation depends on a server cluster,<br />

central entity, or person.<br />

Although many Web2 apps have<br />

shifted to multi-cloud hosting,<br />

genuinely decentralized projects have<br />

a higher level of resiliency. Businesses<br />

can choose a topography for their<br />

application based on the difficulties<br />

they must overcome and their<br />

particular data landscape.<br />

• Data Security<br />

An extensive, central database<br />

that stores data is very prone to<br />

attack. Hackers must breach just<br />

one system to compromise sensitive<br />

user information. Insiders frequently<br />

contribute to the disclosure of<br />

important information to outside,<br />

malevolent parties. Decentralized<br />

systems are built to resist this type of<br />

conduct by some players, making Web3<br />

security more effective at protecting<br />

data than Web2 systems.<br />

On the other hand, as almost every<br />

business moves toward being datadriven<br />

and digital, the risk of malicious<br />

attacks has increased exponentially.<br />

Vandalism in cyberspace has become a<br />

severe concern, endangering financial<br />

and reputational loss. Decentralization<br />

raises the level of security, if not<br />

wholly solving the issues.<br />

• Unfair censorship<br />

Users of centralized systems<br />

are frequently the target of unfair<br />

censorship. Decentralization gives<br />

participants more control over the<br />

narrative, making it more difficult<br />

for any organization to sway it in a<br />

way that benefits them. For example,<br />

a Web2 social media platform like<br />

Twitter can filter any tweet whenever<br />

they see fit. Tweets on a decentralized<br />

Twitter cannot be edited. Similar to<br />

Web2, payment platforms may limit<br />

compensation for particular kinds of<br />

work.<br />

For both participants with good<br />

intentions and evil players, censorship<br />

on Web3 will be difficult. All users of<br />

a decentralized web are guaranteed<br />

privacy and control. Additionally,<br />

network users can participate actively<br />

in the project’s governance by voting.<br />

• Financial freedom<br />

Every participant in Web3 is a<br />

stakeholder. Web3 encourages<br />

financial freedom and is supported<br />

by a variety of technologies that, by<br />

their very nature, defy control. <strong>The</strong><br />

independence participants experience<br />

in decentralized finance (DeFi), where<br />

anybody can freely engage in financial<br />

operations, is a prime example.<br />

DeFi becomes more widely used<br />

and accessible when Know Your<br />

Customer (KYC) and Anti-Money<br />

Laundering (AML) regulations are<br />

met. Furthermore, Web3 payments<br />

32 / <strong>January</strong> <strong>2023</strong><br />


are made through cryptocurrencies,<br />

though fiat payment systems may also<br />

be integrated, whereas Web2 payments<br />

are made in fiat.<br />

• Transparency<br />

Transparency is a feature of<br />

decentralized ecosystems by design.<br />

Nodes collaborate to ensure the<br />

system operates without interruption,<br />

and no node may act independently.<br />

Through the casting of votes, even<br />

other participants can participate<br />

in the government decision-making<br />

process.<br />

Because Web3 transactions are<br />

virtually irreversible and traceable, no<br />

one can make database changes after<br />

a transaction. Web3 is now a powerful<br />

tool against fraud as a result of this.<br />

• Automation<br />

<strong>The</strong> system that can run without<br />

human involvement is automated using<br />

smart contracts. <strong>The</strong> code reflects the<br />

agreement between several parties,<br />

carrying out irreversible transactions.<br />

Smart contracts significantly reduce<br />

operational expenses, do away with<br />

prejudice, and increase transaction<br />

security.<br />

However, projects need to be aware<br />

of security flaws in the coding of smart<br />

contracts that thieves can exploit to<br />

seize the money. This can be avoided<br />

by having a team with experience in<br />

vulnerability assessments extensively<br />

examine the smart contract code<br />

using a combination of manual<br />

and automated tools. Tokyo, which<br />

specializes as an end-to-end security<br />

resource for blockchain-based<br />

projects, is a Web3 illustration of<br />

accelerating automation.<br />

• Creator economy<br />

<strong>The</strong> Web3 ecosystem’s nonfungible<br />

tokens (NFTs), which are a part of it,<br />

have given the online economy new<br />

depth. Every digital asset is distinctive<br />

in some way, thanks to these tokens.<br />

No matter how many it is reproduced,<br />

there is a way to tell them apart.<br />

This function helps to protect these<br />

assets from online fraud and uphold<br />

the owner’s ownership rights. In<br />

Web3, NFTs could act as metaverse<br />

assets, game assets, certifications,<br />

and other things, creating countless<br />

opportunities and enabling content<br />

creators to generate income in<br />

previously unheard-of ways.<br />

Web 3.0 will bring new levels of<br />

internet trust<br />

Despite the hoopla and derision<br />

around Web 3.0, if you look at the<br />

progression from Web 1.0 to Web 2.0,<br />

you’ll see that the latter improves<br />

on the shortcomings of the earlier.<br />

Similarly, Web 3.0 is currently<br />

achieving this by expanding on the<br />

shortcomings of Web 2.0, and several<br />

applications targeted at Web 3.0<br />

are being released daily in various<br />

industries.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 33

WHEELS<br />

<strong>2023</strong> MERCEDES-BENZ S-CLASS<br />

<strong>The</strong> Mercedes-Benz S-class<br />

retains its dominance by serving<br />

as the standard by which all other<br />

full-size luxury sedans are measured.<br />

<strong>The</strong> S-abundance classes of high-end<br />

materials, plush seating and advanced<br />

technology cater to the tastes of its<br />

wealthy customers. <strong>The</strong> S500 and S580<br />

are available variants, with standard<br />

4Matic all-wheel drive and each with a<br />

unique powerplant. A smooth 429-hp<br />

turbocharged straight-six powers<br />

the S500, while a refined 496-hp V-8<br />

powers the S580. <strong>The</strong> Mercedes-<br />

Maybach S-class super-luxury model,<br />

which was previously reviewed,<br />

offers an utterly decadent experience.<br />

Although the thick leather thrones<br />

in the front and back rows make it<br />

clear that the S-class prioritizes<br />

comfort and swanks, its standard air<br />

suspension completes the experience<br />

by turning the road into velvet.<br />

Additionally, the optional E-Active Body<br />

Control will even lean the vehicle into<br />

corners to prevent you from spilling<br />

any of your champagne cocktail, which<br />

you are sipping while relaxing in the<br />

power-adjustable, heated massage<br />

function-equipped back seats, which<br />

are an option. <strong>The</strong> S-class is excellent<br />

at bringing the good life to life.<br />

34 / <strong>January</strong> <strong>2023</strong><br />



Horsepower: V6 429/ V8 496<br />

Transmission: 9 speed, Automatic w/OD<br />

Engine capacity: 3.0L I-6 429 HP 384.0 ft. lbs<br />

Torque: 384 @ 1,800 rpm<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 35

GADGET<br />



BURGER (2022 VERSION)<br />

<strong>The</strong> renowned Sound Burger<br />

portable turntable is returning<br />

from Audio-Technica. <strong>The</strong><br />

updated version includes a few new<br />

features to make it more accessible<br />

to contemporary listeners after<br />

almost 40 years and countless<br />

copies. Beginning with Bluetooth<br />

connectivity and a built-in lithiumion<br />

battery with USB-C charging, the<br />

2022 Sound Burger is equipped with<br />

these features. To put it another way,<br />

you won’t need to find three C-cell<br />

batteries to run the new design.<br />

According to Audio-Technica, the<br />

2022 Sound Burger can be used<br />

continuously for roughly 12 hours<br />

before it needs to be recharged.<br />

<strong>The</strong> updated model comes with Audio-<br />

ATN3600L Technica’s stylus already<br />

installed, but you can also connect it to<br />

a sound system via an RCA wire.<br />

Audio-Technica also unveiled a brandnew,<br />

high-end manual belt-drive<br />

turntable with a distinctive seethrough<br />

casing and the Sound Burger.<br />



<strong>The</strong> MDA200 D/A Converter from<br />

McIntosh enables customers to<br />

enhance the capabilities of an<br />

analogue audio system with high-end<br />

digital music. <strong>The</strong> McIntosh DA2 Digital<br />

Audio Module, previously only available<br />

as an integrated D/A converter in the<br />

award-winning MA12000 Integrated<br />

Amplifier and C2700 and C53<br />

Preamplifiers, powers the MDA200.<br />

A 32-bit, 8-channel, next-generation<br />

Quad Balanced digital-to-analog<br />

converter powers the DA2 in the<br />

MDA200 (DAC). This audiophile-grade<br />

DAC has a better overall harmonic<br />

distortion and dynamic range. As the<br />

coax and optical inputs can decode<br />

digital music up to 24-bit/192kHz, the<br />

DA2 provides high-quality digital audio<br />

playing. <strong>The</strong> USB interface supports<br />

native playback up to DSD512 and<br />

DXD up to 384kHz. Seven digital audio<br />

inputs are available on the MDA200:<br />

two coaxial, two optical, one USB, one<br />

MCT (to work with the company’s MCT<br />

series of SACD/CD Transports), and<br />

one HDMI Audio Return Channel (ARC)<br />

connector that is just for audio.<br />

36 / <strong>January</strong> <strong>2023</strong><br />


GADGET<br />


YAMAHA YH-5000SE<br />

Audeze, HiFiMAN, Dan Clark Audio, Focal, Sennheiser,<br />

and ZMF have dominated the high-end headphone<br />

industry for the past ten years, with older companies<br />

like Sony, Fostex, and Beyerdynamic also competing. One-hit<br />

wonders have also had their fair share of success in the market<br />

before either disappearing or moving quite swiftly into the<br />

mainstream.<br />

Yamaha held a prominent position in the market thanks to<br />

the creation of its Orthodynamic driver, which is practically<br />

regarded as one of the first planar designs. To avoid feeling<br />

left out, the company concentrated its efforts elsewhere and<br />

eventually unveiled its first line of wireless headphones.<br />

<strong>The</strong> YH-5000SE features a new version of their Orthodynamic<br />

driver, which has been integrated into a new headphone chassis<br />

that seemingly can’t decide if it is part of the Star Wars galaxy<br />

or the latest iteration of Steampunk.<br />


<strong>The</strong> Wolverine V2 Pro, a brandnew<br />

wireless controller for the vibration motor strength, and trigger noting that the Wolverine V2 Pro is<br />

complete control over critical bindings, for precise haptic feedback. It is worth<br />

PC and PlayStation 5, has been or analogue stick sensitivity via a incompatible with the PlayStation 4 or<br />

unveiled by Razer. <strong>The</strong> Wolverine V2<br />

Pro will be available after <strong>2023</strong>, even<br />

though it will cost more than Sony’s<br />

DualSense Edge. <strong>The</strong> DualSense Edge,<br />

on the other hand, will begin delivering<br />

from Sony on <strong>January</strong> 26, <strong>2023</strong>. In<br />

addition, Razer has effectively used<br />

the PlayStation license with Wolverine<br />

V2 Pro, which maintains the original<br />

DualSense colour scheme while<br />

adding a few capabilities.<br />

On the one hand, Razer Chroma, the<br />

business’ RGB lighting system, is<br />

supported by the Wolverine V2 Pro.<br />

On the other hand, Razer gives you<br />

smartphone app. <strong>The</strong> 8-way D-pad on<br />

the controller also uses microswitches<br />

any Xbox console.<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 37



Artificial intelligence (AI) in the non-fungible token (NFT) industry is growing.<br />

Generative art, or art produced by an autonomous system, has quickly become one<br />

of the significant NFT market categories, inspiring creative projects and astounding<br />

collections.<br />

NFTs have emerged as one<br />

of the primary channels<br />

for accessing AI-powered<br />

art, from the creations of<br />

AI art legends like Tyler<br />

Hobbs’ new QQL project to those of<br />

Refik Anadol and Sofia Crespo.<br />

One of the classic uses for machine<br />

learning has been generative art, but<br />

it has only recently gained widespread<br />

attention. <strong>The</strong> computational advances<br />

and the development of new methods<br />

that allow models to learn without<br />

a large amount of expensive and<br />

scarcely available labelled datasets<br />

have driven mainly the advancement.<br />

Since it takes time to experiment<br />

with new techniques, many new<br />

generative art techniques have yet<br />

to be widely adopted by well-known<br />

artists. However, the gap between<br />

the generative art community and AI<br />

research has been closing in recent<br />

years.<br />

<strong>The</strong> generative art catalyzers<br />

Even many early AI pioneers<br />

were taken aback by the advent of<br />

generative AI, which they considered<br />

a niche branch of machine learning.<br />

<strong>The</strong>re are three primary reasons<br />

for the tremendous advancement in<br />

generative AI:<br />

1. Multimodal AI: <strong>The</strong>re has been a<br />

massive increase in AI techniques over<br />

the past five years that can work in<br />

various domains, including language,<br />

image, video, and sound. Models like<br />

DALL-E or Stable Diffusion, which<br />

produce images or films from natural<br />

language, were made possible.<br />

2. Pretrained language models: With<br />

techniques like GPT-3, language<br />

models have made incredible<br />

progress alongside the emergence<br />

of multimodal AI. This has made it<br />

possible to create artistic outputs<br />

like images, sounds, or videos using<br />

language as an input mechanism. As<br />

it has lowered the barrier for people<br />

to interact with generative AI models,<br />

language has played a crucial role in<br />

this new phase of generative AI.<br />

3. Diffusion methods: Diffusion<br />

models are a strategy used in most<br />

of the photo-realistic art created by<br />

AI techniques we see today. Diffusion<br />

models are replacing techniques<br />

like generative adversarial networks<br />

(GAN) and variational auto-encoders<br />

(VAE), which have problems scaling<br />

and suffer from a lack of diversity<br />

in the outputs they produce.<br />

Diffusion models work around these<br />

restrictions by reconstructing the<br />

training data images after destroying<br />

them until they are noisy. A model<br />

should be able to rebuild an image<br />

from virtually any representation,<br />

including representations from other<br />

domains like language, if it can do<br />

so from data that is, theoretically,<br />

noise. Unsurprisingly, text-to-image<br />

38 / <strong>January</strong> <strong>2023</strong><br />


AI & ML<br />

Generative art, or art produced by an autonomous<br />

system, has quickly become one of the significant NFT<br />

market categories, inspiring creative projects and<br />

astounding collections.<br />

generation approaches like DALL-E<br />

and Stable Diffusion are built on<br />

diffusion algorithms.<br />

<strong>The</strong> emergence of NFTs, which<br />

have unlocked extremely significant<br />

capabilities for digital art like digital<br />

ownership, programmable incentives,<br />

and more egalitarian distribution<br />

models, coincides with the influence of<br />

these techniques on generative art.<br />

<strong>The</strong> methods powering generative art<br />

in NFTs<br />

• Text to image: <strong>The</strong> NFT community’s<br />

favourite use of generative AI has<br />

been text-to-image (TTI) synthesis.<br />

Some AI models developed in the<br />

TTI field are now tangibly influencing<br />

popular culture. <strong>The</strong> most wellknown<br />

application of TTI to produce<br />

aesthetic visuals is OpenAI’s DALL-E.<br />

Another TTI model developed by<br />

OpenAI, GLIDE, has been widely used<br />

in generative art applications. Google<br />

has been experimenting with various<br />

approaches in the field of generative<br />

art, including Imagen, which is based<br />

on diffusion models, and Parti, which is<br />

based on an alternative method called<br />

autoregressive models.<br />

• Text-to-video: Although text-tovideo<br />

(TTV) is a more difficult part<br />

of generative art, we are making<br />

significant progress in this area. TTV<br />

models like Make-A-Video and Imagen<br />

Video, which can produce high-framefidelity<br />

video clips based on natural<br />

language, were recently published by<br />

Meta and Google.<br />

• Image-to-image: Although it<br />

seems almost natural, text-based<br />

image synthesis has limitations<br />

when capturing characteristics like<br />

distances between items, orientation,<br />

or even highly detailed landscapes.<br />

Drawings or other visuals work better<br />

to communicate this information.<br />

<strong>The</strong> best diffusion models include<br />

processes for producing images from<br />

sketches, including DALL-E, Stable<br />

Diffusion, and Imagen.<br />

• Music generation: Another frequent<br />

application of generative AI that has<br />

gained popularity in recent years is<br />

the automatic production of music.<br />

With models like MuseNet and, more<br />

notably, Jukebox, which can produce<br />

music in various styles and genres,<br />

OpenAI has also been in the vanguard<br />

of this change. Google has entered<br />

the market with AudioLM, a model<br />

that generates lifelike speech and<br />

piano music by only listening to sound<br />

fragments. With the release of Dance<br />

Diffusion, a collection of algorithms<br />

and tools that can produce creative<br />

music clips, Harmonai, funded by<br />

Stability AI, began pushing the limits of<br />

the AI music-generating field.<br />

An enviable match: NFTs and<br />

generative art<br />

Many relatively unrelated movements<br />

have been able to influence one<br />

another to obtain enormous market<br />

shares over the history of technology.<br />

<strong>The</strong> social-mobile-cloud revolution<br />

is the most recent example, in which<br />

each of these trends increased the<br />

market for the other two. NFTs and<br />

generative AI are beginning to display<br />

a similar dynamic. Both movements<br />

have succeeded in bringing a<br />

sophisticated technological market into<br />

popular culture. NFTs provide digital<br />

ownership and distribution models<br />

that would be nearly impossible to<br />

implement otherwise, complementing<br />

generative AI. Similarly, generative AI<br />

is anticipated to emerge as one of the<br />

major engines for the production of<br />

NFTs.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 39

WHEELS<br />

BMW THE IX<br />

<strong>The</strong> <strong>2023</strong> iX SUV offers comparable<br />

space and functionality to the<br />

brand’s well-liked X5 but, with<br />

cutting-edge flair, is a preview of<br />

BMW’s electrified future. With 516<br />

horsepower in the xDrive50 and a<br />

whopping 610 horsepower in the M60,<br />

two electric motors provide all-wheel<br />

drive and more than enough power,<br />

and a sizable battery pack provides<br />

enough energy for an estimated<br />

driving range of more than 300 miles<br />

per charge. <strong>The</strong> luxurious interior<br />

of the iX is well-appointed and has<br />

a stylish, futuristic design. A large<br />

digital dashboard shows what BMW’s<br />

iDrive infotainment system will look<br />

like in the future and is operated by<br />

a simple, see-through rotary knob<br />

on the centre console. <strong>The</strong> iX should<br />

fare well against newcomers like the<br />

Fisker Ocean and the Rivian R1S and<br />

established all-electric rivals like the<br />

Audi e-Tron and the Tesla Model X.<br />

40 / <strong>January</strong> <strong>2023</strong><br />



Horsepower: 516<br />

Torque: 765 Nm<br />

Battery Capacity: 71kWh<br />

Acceleration: 0-100 km/h, 4.6 sec<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 41




Platforms, systems, and<br />

applications known as<br />

virtual event software<br />

simplify the online<br />

event planning process.<br />

<strong>The</strong>se applications frequently have<br />

capabilities like live streaming,<br />

event data analytics, and tickets and<br />

registration. <strong>The</strong>se platforms’ primary<br />

functions are to automate fundamental<br />

planning steps and centralize tasks<br />

and information related to event<br />

organization. Virtual event platforms<br />

and virtual event management<br />

systems are other names for these<br />

products.<br />

<strong>The</strong>se tools help organize virtual<br />

team development, online conferences,<br />

virtual fundraisers, and social<br />

gatherings. <strong>The</strong>y resemble event<br />

management software.<br />

<strong>The</strong> virtual event software market<br />

was expected to be about $9.6 billion<br />

in 2021. <strong>The</strong> market size is projected<br />

to jump to about $24 billion by 2028,<br />

increasing at a CAGR of 12.4 per cent.<br />

List Of Top Virtual Platforms For<br />

Events<br />

Zoom Events<br />

One of the most recent options for<br />

live internet events is Zoom Events.<br />

With the help of this technology,<br />

users can designate private or public<br />

hubs for online gatherings and<br />

provide live and on-demand material.<br />

Organizations can gather signups for<br />

both free and paid events with the<br />

aid of the registration and ticketing<br />

processes. <strong>The</strong> platform enables<br />

seamless online networking between<br />

attendees at virtual events through<br />

chat functions, contact information<br />

exchange tools, and virtual common<br />

areas. Additionally, Zoom Events offers<br />

a directory of open events where<br />

prospective attendees can find listings<br />

for available events.<br />

Hopin<br />

Hopin is a live virtual event platform<br />

that scales to handle events of any<br />

size and can host up to 100,000 distant<br />

attendees. An easy user experience<br />

is made possible by the software’s<br />

intuitive and inviting interface.<br />

Participants can easily switch between<br />

digital rooms, and the program even<br />

features entertaining animations and<br />

transitions that add interest to the<br />

process. With the program’s help,<br />

StreamYard video streaming can<br />

42 / <strong>January</strong> <strong>2023</strong><br />


give the content a more professional<br />

appearance and elevate virtual events<br />

above the level of a typical video chat<br />

room. Additionally, the software has<br />

an event marketing package with<br />

simple visual design tools. Hopin can<br />

accommodate internal events like<br />

virtual retreats and external events<br />

like conferences and product launches.<br />

Gatherly<br />

<strong>The</strong> virtual event hosting platform<br />

Gatherly has helpful features like<br />

setting up venue maps, letting<br />

participants hop in or out of<br />

conversations, and even setting<br />

up virtual booths for sponsors and<br />

vendors, with the goal of “replicating<br />

the magic of in-person interactions.”<br />

White-label and brand opportunities<br />

are also integrated into the software,<br />

which you can use to create extra<br />

revenue streams for your event.<br />

Swoogo<br />

Swoogo is an all-in-one tool for<br />

organizing and hosting online, hybrid,<br />

and physical events. Using a drag-anddrop<br />

builder, modifying a template,<br />

or writing their code are all options<br />

for organizers utilizing the software’s<br />

responsive design tool. <strong>The</strong> platform<br />

offers an online event centre that<br />

serves as a base of operations for<br />

managing events online. Swoogo<br />

interfaces with dozens of programs,<br />

including Salesforce and Stripe, and<br />

works with numerous streaming<br />

services. Mobile check-in and event<br />

participation are available, and the<br />

program offers helpful features for<br />

international attendees, like converting<br />

content into other languages and<br />

updating the agenda for various<br />

time zones. Options for two-factor<br />

authentication and other security<br />

features aid in safeguarding participant<br />

data and ensuring the online security<br />

of the event.<br />

BigMarker<br />

One of the most adaptable virtual<br />

event systems is BigMarker. <strong>The</strong><br />

software blends flexible design with<br />

template simplicity. Over a dozen<br />

virtual event modules, including<br />

lobbies, significant stages, exhibition<br />

halls, networking spaces, and ondemand<br />

galleries, are available for<br />

users to mix and match. Without<br />

starting from scratch, event planners<br />

can alter the design and functionality<br />

of these components to create a<br />

distinctive event experience.<br />

Web summits, onboarding and<br />

training sessions, and customer<br />

demonstrations are just a few of the<br />

event types that the platform supports.<br />

Additionally, BigMarker makes it<br />

simple to duplicate or repeat events.<br />

<strong>The</strong> platform has a media hub<br />

for on-demand content, and the<br />

video player seamlessly streams<br />

to Facebook Live or Youtube. Even<br />

interactive features like polls<br />

and limited-time offers can be<br />

incorporated into videos by content<br />

producers, who can embed videos<br />

to share on other websites. Despite<br />

having ten years of experience in the<br />

field of virtual events, BigMarker keeps<br />

coming up with new ideas.<br />

Conclusion<br />

Events that are virtual or hybrid<br />

require an entirely new playbook<br />

and toolkit. <strong>The</strong> right virtual event<br />

platforms can do planning and carrying<br />

out a successful online event easier<br />

while collecting vital information about<br />

attendance and engagement that can<br />

help with future event improvements.<br />

This software simultaneously serves<br />

the event’s canvas and the gathering’s<br />

location. Professionals who master<br />

these solutions position their<br />

companies for a future of virtual and<br />

international events.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 43





Revival Lab announces<br />

the venture builder,<br />

“Fin-tactics Ventures”, at<br />

the World Fintech Show<br />

conference as the first<br />

venture builder specialised in fintech,<br />

insurance and regulatory technologies<br />

in the region, and supported by 150<br />

million riyals venture capital, approved<br />

by the Capital Market Authority (CMA)<br />

and managed by Arbah Capital to<br />

invest in promising opportunities in the<br />

sector in the Kingdom, the Middle East<br />

and the rest of the world.<br />

<strong>The</strong> announcement included the<br />

signing of a partnership agreement<br />

between Fin-tactics Ventures and Aion<br />

Digital, represented by its Chairman,<br />

Mr Abdullatif Al-Rajhi, a company<br />

that specialised in providing technical<br />

solutions to the financial sector in the<br />

region. In light of this partnership, the<br />

joint venture (Lizam) was announced<br />

to create an integrated digital<br />

experience that is compatible with<br />

customer requirements and achieve<br />

the necessary flexibility by providing<br />

the service (RegTech-as-a-Service)<br />

with all the capabilities required<br />

for digital onboarding, eKYC, and<br />

compliance. In addition to verification<br />

by regulators to combat risk and fraud.<br />

This partnership aims to shape the<br />

financial landscape of the future and to<br />

develop and promote the expansion of<br />

well-built digital products.<br />

Mahmoud Al-Kohji, CEO of<br />

Arbah Capital, mentioned: “We are<br />

now witnessing a notable flow of<br />

opportunities with unique quality,<br />

and through this cooperation, we<br />

are committed to creating a suitable<br />

business environment to enhance<br />

excellence and growth in the financial<br />

sector.”<br />

According to Mohammed Al-<br />

Maghlouth, CEO of Revival Lab: “We<br />

have worked to provide innovative<br />

initiatives for the financial sector in<br />

the Kingdom of Saudi Arabia, and we<br />

aim to enable the fund to support other<br />

regions globally.”<br />

Haitham Al-Sahafi, CEO of Fintactics<br />

Ventures, said: “As a venture builder<br />

specialised in fintech, we seek to<br />

make Fintactics Ventures the initiator<br />

and supporter of rapid growth in<br />

the sector on solid foundations<br />

creating an attractive environment for<br />

competition and entrepreneurship by<br />

providing resources and capabilities<br />

through cooperation to accelerate the<br />

development process in startups, and<br />

be among the recent organisations to<br />

strengthen the national ecosystem in<br />

the field.”<br />

-feature@thetechnologyexpress.com<br />

44 / <strong>January</strong> <strong>2023</strong><br />


UAE’S GII<br />


$100M DEBT<br />

FUND TO<br />




A$100 million venture<br />

loan fund has been<br />

established by Gulf Islamic<br />

Investments, a Shariacompliant<br />

alternative<br />

investments firm located in the UAE,<br />

to support the GCC region’s rapidly<br />

expanding businesses. According to a<br />

statement released by the company,<br />

the GII Debt Fund-I will concentrate<br />

on businesses in the consumer,<br />

health care, education, logistics, and<br />

technology and technology-enabled<br />

business sectors in the area.<br />

<strong>The</strong> fund will also seek investment<br />

opportunities in high-growth Indian<br />

companies looking to expand in the<br />

GCC and internationally.<br />

“We actively seek companies that<br />

are backed by established venture<br />

capital investors and work with these<br />

companies to provide venture debt<br />

and build the business,” Mohammed<br />

Al Hassan co-founder and co-chief<br />

executive of GII, said.<br />

“This presents a new opportunity for<br />

our investors to diversify in different<br />

high-growth asset classes with<br />

attractive returns.”<br />

<strong>The</strong> VC ecosystem in the Middle<br />

East and North Africa is growing amid<br />

the boom in start-ups, particularly<br />

in sectors such as technology and<br />

digitisation.<br />

Venture capital funding for startups<br />

in the region rose 20 per cent<br />

annually to more than $2.3 billion in<br />

the first three quarters of 2022, putting<br />

it on track to potentially surpass the<br />

total investments attracted in 2021,<br />

according to a report by data platform<br />

Magnitt.<br />

Egypt, the UAE and Saudi Arabia<br />

retained the top three positions in<br />

terms of both funding value and<br />

number of deals, capturing more<br />

than 75 per cent of overall MENA<br />

investments, it said.<br />

Globally, venture debt is a fastgrowing<br />

asset class for companies<br />

looking to use the capital for team<br />

building, working capital and capital<br />

expenditure requirements. In the US,<br />

the venture debt industry is 15 per<br />

cent to 20 per cent of venture capital<br />

investments over long term. <strong>The</strong><br />

market so far is underpenetrated in<br />

the GCC and India region, GII said.<br />

“One of our principles is to provide<br />

diverse opportunities, and GDF-I truly<br />

reflects that as it provides income and<br />

growth to our investors,” Pankaj Gupta,<br />

co-chief executive of GII, said.<br />

“GII has developed a robust<br />

underwriting approach based on our<br />

experience working with high growth<br />

companies across developed and<br />

emerging markets.”<br />

In June, GII, which has about $3<br />

billion in assets under management,<br />

fully acquired Anglo-Gulf Trade Bank,<br />

a digital trade finance lender, from<br />

Mubadala Investment Company, for an<br />

undisclosed sum.<br />

AGTB is a digital bank licensed by<br />

the Financial Services Regulatory<br />

Authority of the Abu Dhabi Global<br />

Market, and is described as the world’s<br />

first digitally enabled trade bank, GII<br />

said at the time.<br />

In May, the company said it plans<br />

to invest close to $530 million for<br />

a majority stake in Saudi Arabian<br />

healthcare operator Almeswak, as part<br />

of its push for a more than threefold<br />

increase in its asset to $10 billion in<br />

the next five years.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 45

WHEELS<br />


Although there is no restriction<br />

against the daily use of a<br />

Porsche sports car, the 911<br />

and 718 two-door models are only<br />

some of the most valuable vehicles.<br />

Fortunately, Porsche’s fun-to-drive<br />

philosophy combines a four-door<br />

body and a luxurious interior in the<br />

2022 Panamera sedan to produce<br />

a more well-rounded solution for<br />

individuals requiring space for children<br />

and freight. Most models have a<br />

turbocharged V-6, but there are also<br />

models with a 473-hp twin-turbo<br />

V-8 and a plug-in hybrid with up to<br />

552 horsepower. Like the brand’s<br />

sports cars, the Panamera handles<br />

with enthusiasm and vigour, and its<br />

fastback roofline gives it a sportier<br />

appearance than similarly priced<br />

sports sedans like the BMW M5 and<br />

the Mercedes-AMG E63. If you need<br />

even more practicality, Porsche will<br />

sell you a Panamera Sport Turismo<br />

station wagon, or if you want more<br />

power, there’s also the Panamera<br />

Turbo.<br />

46 / <strong>January</strong> <strong>2023</strong><br />



Horsepower: 325 hp @ 5,400 rpm<br />

Torque: 331 lb-ft @ 1,800 rpm<br />

Transmission: 8-speed automated manual<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 47


“Choose the level of digital transformation adoption<br />

that fits your organization the best, grow from there<br />

and scale upwards. Keep your eyes on the lessons<br />

learned as you adopt, deploy and transform.”<br />

48 / <strong>January</strong> <strong>2023</strong><br />




Dr Ahmad Altarawneh is a civil engineer, a business data science professional, a<br />

quality and market strategy professional, DBA in Smart Responsive Cities, and<br />

has deep knowledge and expertise in CX, DX, EX and TX. He holds 32 International<br />

Certificates. Ahmad’s expertise is in areas of digital/business transformation,<br />

Metaverse, digital twin, conversational AI, Blockchain use cases and emerging technologies.<br />

Exclusive to <strong>The</strong> <strong>Technology</strong> <strong>Express</strong><br />

A brief introduction of yourself<br />

highlighting your significant<br />

achievements<br />

My name is Dr Ahmad Altarawneh. I<br />

am one of the senior consultants with<br />

Dubai police.<br />

My job focuses on transforming the<br />

organisation into the future, making it<br />

future-ready.<br />

How will Web3 affect governments<br />

worldwide and official transactions?<br />

Everything progresses and Web3 is<br />

definitely coming to us like a running<br />

train. It’s basically part of the future<br />

that we need to be ready for and it’s<br />

going to take us into the future very<br />

fast. Web3 is going to play a big role in<br />

governments and organisations of all<br />

types and sizes and it’s going to involve<br />

everything that you can think of, from<br />

autonomous vehicles and drones, to<br />

monitoring and managing the safety<br />

and security of cities. So it is definitely<br />

going to affect governments in many<br />

ways. Government entities that are<br />

going to quickly adopt anything that<br />

grows into Web3 are going to be<br />

winners, and they’re going to be the<br />

organisations that can create future<br />

readiness quickly, and that growth, of<br />

course, will require some essential<br />

elements. When I say adopt Web3, it’s<br />

first of all, the mindset of believing<br />

that Web3 is the future. <strong>The</strong> second<br />

thing is growing the people of the<br />

organisation into Web3, which means<br />

upscaling and upgrading people and<br />

knowledge within Web3 in many<br />

things because Web3 is definitely a<br />

very wide spectrum. It’s an ocean of<br />

www.thetechnologyexpress.com<br />

things, so those government entities<br />

that are going to adopt and adapt to<br />

Web3 are going to be big winners. In<br />

many ways, they’re going to create<br />

efficiency, affectivity and they’re going<br />

to create future readiness. <strong>The</strong>y’re<br />

going to do things faster, simpler, and<br />

better. <strong>The</strong>y’re going to transform the<br />

organisation from anything periodic<br />

to everything real-time. Web3 will<br />

empower those organisations to do a<br />

lot of things, in services in particular.<br />

Now, those government<br />

organisations that are not early<br />

adopters and believe in just waiting<br />

and seeing what will happen in Web3<br />

and how it will develop and then<br />

trying to figure out what to do and<br />

what is the angle of Web3 that they<br />

can adopt and so on. Those are going<br />

to be government organisations that<br />

are probably going to lose out in the<br />

race for efficiency, as I said, affectivity,<br />

future readiness, customer satisfaction<br />

and employee satisfaction and<br />

happiness.<br />

How is it going to affect<br />

our government services and<br />

transactions? Well, it’s going to create<br />

better technologies, and it’s basically<br />

going to take us into a faster world<br />

where we can serve and deploy our<br />

services faster, better, more efficiently<br />

and more effectively, with a lot more<br />

governance. So that’s just a little bit<br />

about Web3.<br />

How do you see the Metaverse shaping<br />

up to become of mainstream value?<br />

Some people think that the<br />

Metaverse is a game. I think it’s a<br />

game-changer.<br />

What is it going to do to us? It is<br />

going to have multi-fold the effect of<br />

what the internet did to us more than<br />

twenty years ago, so the Metaverse<br />

is definitely going to become a major<br />

part of our life, not tomorrow, but it’s<br />

definitely going to grow and grow a lot<br />

faster than what the internet did about<br />

20 years ago.<br />

So, in particular and in very simple<br />

words, the Metaverse is basically a<br />

word that means what comes after the<br />

world and it’s basically an application<br />

and a platform, it’s a concept, it’s a<br />

service, it’s a lot of things. It can be<br />

physical, it can be blockchain-based,<br />

it can be VR-based, and it can be a<br />

lot of things. <strong>The</strong> Metaverse is going<br />

to grow to not even need a headset.<br />

You don’t have to put a headset to<br />

use the Metaverse. You can log into a<br />

Metaverse like you log into a website<br />

or an application. <strong>The</strong> Metaverse is<br />

going to be in everything and all the<br />

verticals. It’s going to be in services.<br />

It’s going to be in trading. It’s going<br />

to be in real estate. It’s going to be in<br />

university. It’s going to be in education.<br />

It’s going to be in health. It is already in<br />

a lot of these places. So Metaverse is<br />

definitely going to be a game-changer.<br />

It will produce a lot of value and<br />

impact for organisations. Again, there<br />

will be those who are early adopters,<br />

and there will be organisations that<br />

lag and wait. Because basically, it’s<br />

a decentralized model and concept,<br />

ownership of these things is still<br />

something that’s not there. Policing<br />

the Metaverse is basically like one<br />

<strong>January</strong> <strong>2023</strong> / 49


Web3 is going to create better technologies and take<br />

us into a faster world where we can serve and deploy<br />

our services faster, better, more efficiently and more<br />

effectively, with a lot more governance.<br />

of the things that we’re looking at in<br />

Dubai police. I suppose worldwide<br />

rules and regulations are still lagging<br />

and lacking when it comes to the<br />

Metaverse, but what is it going to<br />

do to us? It’s definitely going to be<br />

mainstream and it’s going to change<br />

our lives and it’s going to be a game<br />

changer, not just a game.<br />

What are some of the real-life<br />

use cases for emerging disruptive<br />

technologies?<br />

For example, if you take bundling<br />

the Metaverse with digital twin and<br />

conversational AI, so there you could<br />

produce a platform that you can deliver<br />

services anytime from anywhere in<br />

the world with any language because<br />

you have conversational AI; you can<br />

train the AI models to speak in any<br />

language and to execute services,<br />

deliver services in real-time,<br />

proactively, immersively and so on. So,<br />

this is basically one major use case,<br />

one of the things that we’re working<br />

at, again in Dubai police. So there in<br />

the Metaverse, for example, we can<br />

deliver our services and we could do<br />

it immersively. We can do it in any<br />

language and we can also do it anytime<br />

from anywhere. Anyone from anywhere<br />

around the world in any language can<br />

come in and talk to our chatbots. We<br />

call them digital twins.<br />

And the beauty of it is you can<br />

choose to speak to a male or a female<br />

digital twin, dressed in, for example,<br />

the traditional Arab dress or the<br />

official police uniform. <strong>The</strong> beauty of<br />

it is also it can be 100% governed, you<br />

could see your services and we would<br />

be able to know or sort of like scale<br />

the customer journey into what we<br />

call the customer life journey. Now<br />

that’s pretty major. That’s a one-use<br />

case that can be done. So disruptive<br />

technologies are many. However, that<br />

would be one bundle.<br />

And when it comes to disruptive<br />

services, I would always speak of<br />

bundles. It’s not just one service that<br />

can really produce magic. It would<br />

have to be a bundle of services.<br />

Can you elaborate on the concept of<br />

digital twins?<br />

If I wanted to elaborate more on<br />

the digital twin concept, so the digital<br />

twin will be one of the disruptive<br />

services, but it has many applications.<br />

We could use it, for example, in project<br />

management so we can create a digital<br />

twin of the project before we even<br />

execute the project. This is pre-project<br />

work so we can do a digital twin, and<br />

in that digital twin, we can simulate<br />

the project, we can simulate project<br />

risks, we can simulate project health<br />

and all kinds of things can happen, and<br />

then we can decide extremely well if<br />

this project should go forward or not.<br />

Once the project goes forward, then<br />

we could use the digital twin with a<br />

combination of wearables for example,<br />

for the people who are executing the<br />

project, the project team, labour, and<br />

so on, we could actually measure<br />

the project’s health and monitor the<br />

project and do all kinds of things that<br />

are magical about the project in realtime<br />

and remotely. So that’s another<br />

example on the digital twin, and also,<br />

the digital twin can be used in logistic,<br />

and it can be used in maintenance.<br />

For example, if an organisation wants<br />

to go from preventive maintenance<br />

to proactive maintenance, a digital<br />

twin will definitely work well here,<br />

and so this is where you could do a<br />

digital twin of the whole organisation<br />

and basically use that digital twin to<br />

simulate the whole organisation even<br />

if you want to move one person from<br />

one position to another position you<br />

could simulate it within the digital twin.<br />

<strong>The</strong>se things would require AI so AI<br />

is developing and it’s developing very<br />

fast.<br />

With AI developing very fast, is<br />

conversational AI taking the lead in the<br />

race?<br />

Conversational AI could take the<br />

lead in the race that we’re actually<br />

competing in. Humans are always<br />

looking for ways to reduce effort.<br />

So basically, when you take the<br />

combination, for example, a Metaverse<br />

platform and a digital twin and<br />

then bundle them together and try<br />

to use them whether it’s in project<br />

management, whether it’s in training,<br />

whether it’s in logistics, maintenance,<br />

construction or whatever, there’s<br />

always the input side of things. How<br />

do you input data, where do you make<br />

these things read from and write to,<br />

and so on in terms of data. So, when<br />

this is conversational, imagine that<br />

I can speak to the digital twin in any<br />

language anytime from any wearable<br />

device from my phone, whatever it<br />

is, and input into the digital twin or<br />

the Metaverse platform using the<br />

concept of conversational AI, you<br />

can see now how things become low<br />

effort and low effort means efficiency<br />

means affectivity and definitely means<br />

innovating faster, doing work faster,<br />

producing project value and impact<br />

over the overall organisation a lot<br />

faster with conversational AI. <strong>The</strong>re<br />

are challenges of course, there are<br />

pros and cons.<br />

What are the pros and cons of<br />

government digital transformation?<br />

Pros are simple, like ease of use,<br />

low effort, and breaking down barriers,<br />

such as language, geography, and<br />

time barriers can be broken with<br />

conversational AI or even the bundle<br />

of things such as the Metaverse digital<br />

twin, conversational AI, the connected<br />

concept, all of these things can be<br />

pros, which is breaking down barriers.<br />

This is part of what governments are<br />

doing, which is digital transformation.<br />

So, now, if this is not a part of a<br />

strategy and an action plan, that<br />

50 / <strong>January</strong> <strong>2023</strong><br />


is clear, then we have a problem.<br />

If an organisation just goes after<br />

digitally transforming, and here they<br />

believe that digital transformation<br />

is just putting on more automation,<br />

buying more systems or adopting<br />

more platforms and this as a service<br />

and that as a service and this as a<br />

platform, this is not the way to do it.<br />

What you need to do as an organisation<br />

is actually build a very solid, realistic,<br />

practical pragmatic strategy in digital<br />

transformation, and it actually needs<br />

to be two parts. <strong>The</strong>re’s the digital side<br />

and the business side. So basically,<br />

you need to look at the business value<br />

you want to create. You need to look<br />

at the impact that you want to create<br />

within an organisation. I call this the<br />

benefit realization matrix. You need<br />

to come up with a benefit realization<br />

matrix in terms of your transformation,<br />

so you say, I want to lower customer<br />

efforts in my services. I want to make<br />

my services lower effort, we call that<br />

customer effort and it is an initiative or<br />

a project.<br />

You look at the combination. What<br />

do I need to succeed in creating this<br />

impact, this value, this benefit? So<br />

here, you need to look in the main<br />

rooms. You need to look in the room<br />

of people, in the room of processes, in<br />

the room of technologies, resources<br />

and partnerships. And once you look<br />

in these three rooms, you decide what<br />

exactly needs to happen in each room<br />

so that you, with the bundle of all of<br />

these rooms working together, can<br />

create and put together the initiative<br />

or the project needed so that you can<br />

create that business value, which is<br />

lowering customer effort, lowering<br />

employee level effort, producing more<br />

quality of life, happiness, wellness,<br />

whatever it is that you want to achieve<br />

within an organisation. Mainly my<br />

recommendation here is one thing that<br />

we work on is based on what we call<br />

challenges and ambitions. So yes, we<br />

have a strategy, yes, we have KPIs,<br />

we have even OKRs (Objective Key<br />

Results). We have a lot of these things<br />

that we do strategically like any other<br />

organisation globally. However, we try<br />

to simplify things because, basically<br />

strategies are executed by people,<br />

and people are levels people are<br />

different levels of learning, different<br />

levels of capacities, different levels<br />

of capabilities and abilities and so on.<br />

It is people who execute strategies<br />

www.thetechnologyexpress.com<br />

Some people<br />

think that the<br />

Metaverse is a<br />

game. I think it’s<br />

a game-changer.<br />

What is it going<br />

to do to us? It is<br />

going to have<br />

multi-fold the<br />

effect of what<br />

the internet did<br />

to us more than<br />

twenty years ago.<br />

and what we do there is we try to<br />

reduce the strategy into a number of<br />

challenges and a number of ambitions<br />

and then give ownership of this<br />

ambition or this challenge to a group<br />

of people or cross-functional team<br />

that works on it and gets it done and<br />

achieved. That is one of the things that<br />

we do.<br />

<strong>The</strong> pros in government digital<br />

transformation are if you have a<br />

strategy, if you have an action plan, if<br />

you have a framework for these things,<br />

then you can reduce things to a simple<br />

level where teams or cross-functional<br />

teams can execute achieving this<br />

ambition or beating this challenge. This<br />

is where you can best do your strategy.<br />

Cons are basically if you go after a<br />

solution or a platform or something<br />

like that, if you haven’t done your<br />

research, if you haven’t done your<br />

work, if you haven’t done a benefit<br />

realization study, if you are not really<br />

clear about your ambitions and your<br />

challenges, you could easily pick up<br />

something, spend millions on it, and<br />

two months down the line, something<br />

else comes up.<br />

Basically, you’ve shot yourself<br />

in the foot on this adoption. Other<br />

things is data. For example, digital<br />

transformation is an ecosystem. It’s<br />

a lot of things. And one of the major<br />

fuels that fuels digital transformation<br />

is data. You need to look within your<br />

organisation deeply at your data<br />

points, your data lakes and data sets,<br />

and things of that sort. If you don’t have<br />

enough people who can execute the<br />

analysis and visualization of data, then<br />

you have a problem. If your culture<br />

is not data-driven or data-enabled,<br />

you have a problem. If your data is<br />

not clean and, in many areas it needs<br />

cleansing and stuff like that, you have<br />

a problem. If your data is not enough<br />

then you need a data enrichment<br />

initiative that can enrich your data.<br />

If your data is not shared, parts<br />

of it are not being opened all the<br />

time. If it’s not growing, then you<br />

have a problem. Those are all cons<br />

that can be associated with digital<br />

transformation. I’m just trying to be as<br />

simple as possible. <strong>The</strong> main objective<br />

should be working towards the bigger<br />

overall picture. If you remember many<br />

years ago, we started out with the<br />

term Electronic Governments, and<br />

then we grew from that concept of<br />

Electronic Governments into Smart<br />

Governments. Now we’re talking<br />

about the term Digital Governments<br />

which is actually growing. So, of<br />

course, digital governments, digital<br />

cities, digital organisations, smart<br />

cities, smart organisations, and so<br />

on. But what comes after that? If we<br />

consider Electronic Governments as<br />

iOS 10 and Smart Governments and<br />

Smart Organisations, Smart Cities, for<br />

example, as iOS 11 and 12, and Digital<br />

Cities, Digital Organisations, and Digital<br />

Governments as iOS 13, 14, 15 and 16<br />

then what is iOS 17 or 18 or 19?<br />

Can you explain the concept of<br />

‘Responsive Cities’?<br />

Well, the concept has grown<br />

across the world in small spots here<br />

and there. Thought leadership is all<br />

about that. It’s a concept that’s called<br />

responsive governments, responsive<br />

cities, and responsive organisations.<br />

<strong>The</strong> word responsive, if I want to<br />

explain it simply, it’s all about the<br />

interaction between the city and<br />

its users. Employees who work in<br />

the city, for example, in all kinds of<br />

<strong>January</strong> <strong>2023</strong> / 51


Digital transformation will provide<br />

ease of use, low effort, and breaking<br />

down barriers, such as language,<br />

geography, and time, these barriers<br />

can be broken with the Metaverse<br />

digital twin, conversational AI, and<br />

the connected concept.<br />

organisations, public, private, semiprivate,<br />

or whatever, are users of the<br />

city. People who live in the city are<br />

users of the city, people who bypass<br />

the city. If the city is between two<br />

cities, and you are coming from one<br />

city, driving through the city to another<br />

city, you’re a user of the city. If you do<br />

business or invest in the city, you are a<br />

user of the city.<br />

City users become involved with<br />

the city in real-time, which means the<br />

city is managed officially, of course,<br />

by government entities and so on.<br />

But now, on the side of voice, it’s<br />

the voice of society, the voice of city<br />

users collectively. So it is the voice<br />

of the customer plus the voice of the<br />

employee, plus the voice of all city<br />

users, whether they’re investors or<br />

residents or whatever. All of them are<br />

actually improving the city, managing<br />

the city in as real-time as possible.<br />

And here, cities have to adopt this<br />

concept first, understand it, and<br />

then “capabalise” it. If I want to give<br />

my feedback to the city, then I need<br />

a platform or a channel to give this<br />

feedback.<br />

So now we’re talking about realtime<br />

channels that enable city<br />

users to interact with the city, and<br />

that’s just part of the equation. <strong>The</strong><br />

other part is where the city actually<br />

invests in the “Connected” concept<br />

and this is where everything in the<br />

city talks to everything in the city.<br />

So there is the V2V concept, for<br />

example, where a vehicle is talking<br />

to vehicles, and there is the V2X,<br />

where the vehicles are talking to the<br />

streets and lamps to better guide<br />

them and route them through the city<br />

and find parking and do all kinds of<br />

things. And there is the X2X, which is<br />

everything talks to everything. Here<br />

you need a lot of technologies such<br />

as Beacons, Geofencing, sensors,<br />

IoT, Web3, definitely 5G and so on.<br />

So this is basically where the city<br />

becomes responsive, which means<br />

if something is broken within the<br />

city, the city components already<br />

alert whoever needs to be alerted<br />

and it escalates that in an automated<br />

manner, in a digital manner, in as<br />

real-time as possible which is pretty<br />

much real-time. And it gets fixed,<br />

it gets corrected, it gets done. So<br />

“Crowd” concept here becomes really<br />

something that’s very valuable.<br />

What are the major elements of<br />

establishing a “Responsive City”?<br />

Well, let me reiterate that it’s<br />

the people, the city users, as this<br />

is a major element and a major<br />

component. It is the city investing in<br />

the city by doing whatever it takes<br />

into IoT and sensors and empowering<br />

these things. <strong>The</strong>n part of it is also<br />

regulations and laws that can allow<br />

that, like adopting cloud. For example,<br />

here in the Middle East and specifically<br />

in the Gulf Region, sometimes<br />

government organisations are not<br />

allowed to use the cloud. <strong>The</strong>y need to<br />

be on either what we call sovereign<br />

cloud or private cloud and that<br />

sometimes limits us from reaching this<br />

concept of “Responsive City”. This is<br />

where all of these things have to work<br />

together, from regulations and people<br />

and organisations to governments<br />

and officials and culture, there’s<br />

awareness and there is marketing for<br />

the city that takes place and sensors,<br />

and it’s a collaborative effort. So I<br />

call it collaborative space cities. This<br />

is where the whole city collaborates<br />

with everything within the city so that<br />

they become responsible. What is the<br />

value of being a “Responsive City”?<br />

It is the quality of life. You create the<br />

highest levels of quality of life. You<br />

create people’s happiness, you reduce<br />

effort and you take out digital frictions.<br />

So there are a lot of values because<br />

I don’t believe in doing anything<br />

unless it is within a benefit realization<br />

somewhere.<br />

What message do you have for our<br />

readers?<br />

We are approaching a beautiful<br />

part of the world. It’s definitely<br />

challenging. Digital transformations<br />

come with a price. <strong>The</strong>re’s a privacy<br />

issue. <strong>The</strong>re are policing issues.<br />

<strong>The</strong>re are law enforcement issues.<br />

<strong>The</strong>re are what we call data privacy<br />

issues, ethics, AI ethics, and so on.<br />

City ethics, once we empower cities<br />

and make them responsive and, of<br />

course, to make them responsive, we<br />

have to deploy platforms and bring<br />

in a lot of platforms to talk to a lot of<br />

platforms, so we create what we call<br />

a read-write capability between all of<br />

these platforms, we have to become<br />

data-driven, data-enabled. We have to<br />

collect a lot of data, a lot of behaviour<br />

analysis, a lot of attitude analysis on<br />

the side of city users and so on. So<br />

there are a lot of issues there that<br />

need to be looked at.<br />

My message is adopt it, look at it,<br />

choose the level of adoption that is<br />

the best fit for your organisation, for<br />

you as a person, for you as an entity<br />

and grow from there. Scale upwards.<br />

Keep your eyes on lessons learned as<br />

you adopt and deploy and transform.<br />

Capture your lessons learned, learn<br />

from them and scale upwards. Sustain<br />

what you transform and make it<br />

grow. However, keep your eyes on the<br />

lessons learned. Learn from them so<br />

that when you transform the next time,<br />

the next segment of transformation<br />

will be less expensive for you, less<br />

heartbreaking, more efficient, and<br />

more effective. Thank you.<br />

-feature@thetechnologyexpress.com<br />

52 / <strong>January</strong> <strong>2023</strong><br />






Travel & Lifestyle apps have<br />

entirely changed how we<br />

plan and experience our<br />

trips. From booking flights<br />

to finding the perfect hotel,<br />

these apps have made it easier than<br />

ever to find the best deals and plan the<br />

perfect vacation.<br />

<strong>The</strong> Different Ways In Which Travel &<br />

Lifestyle Apps are changing Customer<br />

Experience and Reinventing the Future<br />

• Embracing True Mobility Through<br />

Mobile Apps <strong>Technology</strong>: <strong>The</strong> world<br />

has gone mobile. Smartphones,<br />

tablets, and other mobile devices<br />

have become increasingly ubiquitous<br />

in our lives. As a result, true mobility<br />

has become a reality. Mobile app<br />

technology has enabled businesses<br />

to create applications that allow<br />

customers to access their services<br />

from anywhere at any time. This<br />

has revolutionized the way people<br />

interact with businesses, leading to<br />

greater customer engagement and<br />

loyalty.<br />

Mobile apps have also opened the door<br />

to new opportunities for businesses to<br />

reach and engage with their customers<br />

in ways that were not previously<br />

possible. By embracing mobile app<br />

www.thetechnologyexpress.com<br />

technology, businesses can take<br />

advantage of this powerful technology<br />

to create engaging and interactive<br />

experiences for their customers.<br />

• Easy And Fast Bookings: AI has<br />

revolutionized the travel and<br />

tourism industry by providing<br />

customers with an easier and faster<br />

booking experience. AI technology<br />

can provide customers with<br />

personalized recommendations,<br />

real-time information, and tailored<br />

offers. AI-powered chatbots can<br />

provide immediate responses to<br />

customers’ queries and help them<br />

to make bookings in a faster and<br />

more efficient way. Moreover, AIbased<br />

chatbots can also provide<br />

customers with personalized advice<br />

and assistance in booking their<br />

trips. AI can also help customers<br />

find the best deals on flights, hotels,<br />

and other travel services quickly<br />

and easily. AI-based virtual travel<br />

assistants can help customers plan<br />

their entire trip, from start to finish,<br />

by providing them with tailored<br />

recommendations and advice. All in<br />

all, AI is providing customers with a<br />

more convenient, efficient, and costeffective<br />

way to book their travel and<br />

tourism services.<br />

• Streamlined Transactions: This<br />

transaction enables customers<br />

to book their flights, hotel rooms<br />

and other travel packages online.<br />

It involves payment processing,<br />

customer authentication, inventory<br />

tracking, and other related<br />

activities. Payment Processing: This<br />

transaction enables customers to<br />

pay for travel-related purchases<br />

using their credit cards, debit cards,<br />

or other digital payment methods.<br />

This transaction involves transaction<br />

authorization, fraud detection, and<br />

other related activities.<br />

• Mobile Check-In: This transaction<br />

enables customers to check in to<br />

their flights, hotel rooms, and other<br />

travel-related services using their<br />

mobile devices. It involves customer<br />

authentication, flight tracking, and<br />

other related activities.<br />

• Quality Videos And Images Of Unique<br />

Travel Destinations: According to<br />

studies, 80% of travellers frequently<br />

spend up to a month researching<br />

their destinations and reading<br />

reviews. People frequently look<br />

for videos and pictures about their<br />

destination both before and after a<br />

trip.<br />

Most travel applications assist users<br />

in finding actual photos and videos<br />

of a particular location, enabling<br />

you to discover more about its many<br />

qualities. Based on your tastes and<br />

travel objectives, you can choose<br />

and arrange your vacation using this<br />

information.<br />

• Integrating Modern <strong>Technology</strong> To<br />

Enhance Customer Experience:<br />

As technology continues to evolve,<br />

it is essential that businesses<br />

integrate modern technology into<br />

their customer service processes.<br />

To ensure customer satisfaction,<br />

businesses should strive to provide<br />

services that are easily accessible<br />

and efficient.<br />

• Automated Chatbots: Automated<br />

chatbots can provide customers<br />

with an efficient way to get their<br />

questions answered. <strong>The</strong>y can also<br />

be used to provide customers with<br />

product recommendations or to<br />

reduce wait times.<br />

-feature@thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 53



Otternal Life is a habit<br />

tracker app. <strong>The</strong> app<br />

enables you to establish<br />

new routines and then supports<br />

your tracking of those routines<br />

to make sure they stick. A simple<br />

mood journal, progress tracking,<br />

and other options are available.<br />

It is entirely offline-compatible,<br />

free to use, and ad-free. It’s a<br />

relatively simple app. However,<br />

the features are compelling, and<br />

the UI is quite tidy.<br />

<strong>The</strong> software will help you<br />

establish enduring habits in<br />

many facets of your life, including<br />

relationships, finances, health,<br />

and mindfulness. <strong>The</strong> app will give<br />

you many habits presets after you<br />

choose a living area to improve.<br />


Astunning selection of highquality<br />

wallpapers that are<br />

scarce yet incredibly gorgeous<br />

to utilize on your home screen can<br />

be found at Pixwallpapers. <strong>The</strong> users’<br />

most popular and sought-after<br />

wallpaper categories, including the<br />

much-needed PIXEL and material<br />

theme wallpapers, are all included in<br />

this top wallpaper app.<br />

<strong>The</strong> quality of the wallpapers is not<br />

harmed when you switch between<br />

the various dark and light versions.<br />

Pixwallpapers is a must-try wallpaper<br />

app if you long for PIXEL theme<br />

wallpapers. It is entirely free and has<br />

no advertisements.<br />

54 / <strong>January</strong> <strong>2023</strong><br />



To help people better understand<br />

their emotions and discover coping<br />

mechanisms, scientists, designers,<br />

engineers, and therapists developed the free<br />

app How We Feel. How We Feel is an app<br />

that was developed in collaboration with Yale<br />

University’s Center for Emotional Intelligence<br />

and based on Dr. Marc Brackett’s research.<br />

It helps users find the appropriate word<br />

to describe their feelings while also using<br />

HealthKit to track their sleep, exercise, and<br />

health trends to identify patterns over time.<br />

Users of How We Feel begin by checking in<br />

with their feelings before journaling or tagging<br />

the things they think are influencing their<br />

emotional state. Users are then allowed to<br />

investigate methods to feel the way they want<br />

to feel through helpful movies and exercises<br />

since emotions are neither good nor evil.<br />


A<br />

Locket widget displays realtime<br />

images from your closest<br />

pals on your home screen.<br />

Every time your phone is unlocked,<br />

you and your closest pals will see<br />

fresh photos from one another. It’s a<br />

small window into everyone’s daily<br />

activities.<br />

A locket is a widget that resides<br />

on your home screen and is created<br />

by Matt Moss, a previous recipient of<br />

the student scholarship at the Apple<br />

Worldwide Developer Conference.<br />

<strong>The</strong>y can send you images after you<br />

connect with up to five of your pals.<br />

However, they don’t arrive through<br />

iMessage or Snapchat; instead, they<br />

merely show up on your screen as<br />

a slight surprise. (Or, like the photo<br />

contained in a locket.)<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 55





Over the years, there have been considerable developments in the automotive manufacturing<br />

industry. Automation and robotics are gradually improving sectors to the point where they can<br />

streamline operations and boost production efficiency, which will inevitably lead to higher profitability<br />

across the board.<br />

<strong>The</strong>re are a lot of intriguing new<br />

elements in the automotive<br />

industry that will soon be<br />

available. It’s only natural that the<br />

manufacturing sector pays attention<br />

and adopts several automation and<br />

robotics practices in light of the rise<br />

in demand for electric cars, hyperpersonalization,<br />

and autonomous<br />

driving.<br />

Human-Robot Collaboration/<br />

Cooperation (HRC) and Prototyping<br />

<strong>The</strong> most crucial step in the<br />

production process is prototyping,<br />

and an early prototype can be<br />

created using a digital simulation.<br />

HRC (human-robot collaboration/<br />

cooperation), which combines the work<br />

of humans and robots, will significantly<br />

impact the industry’s future.<br />

When humans and robots work<br />

together, human power always<br />

prevails, which is fantastic. It’s a<br />

prevalent misperception that the<br />

robotics component of the sector will<br />

make human assistance unnecessary.<br />

<strong>The</strong> ability to precisely tune each<br />

tiny aspect of the process means that<br />

HRC ensures that human error is<br />

significantly reduced.<br />

In a vehicle like a Ford Mustang,<br />

Ford F150 Ecoboost performance<br />

parts are such tiny components<br />

that will make a massive difference,<br />

which is critical during the design and<br />

prototyping phase for something so<br />

minuscule.<br />

It will enable adding components<br />

and materials to boost precision for<br />

the producer and the vehicle.<br />

Artificial Intelligence (AI)<br />

By 2025, the size of the automation<br />

market is expected to have doubled,<br />

reaching about $27 billion.<br />

As we have seen in many other<br />

facets of the digital industry, AI is<br />

essential. We will see how AI is used in<br />

56 / <strong>January</strong> <strong>2023</strong><br />


various tasks in the automotive sector,<br />

including the design and production<br />

phases and even service roles like<br />

predictive maintenance.<br />

AI has a massive impact on the<br />

industry since it powers driver<br />

assistance features in driverless<br />

vehicles. This also applies to<br />

automated order fulfilment, which<br />

supports tasks with little to no<br />

programming or human input.<br />

Although it can also be utilized in<br />

data collection and customer service,<br />

intelligent automation in manufacturing<br />

will develop enormously due to car<br />

assembly, collaborative software, and<br />

a host of other factors.<br />

Robotic Process Automation (RPA)<br />

RPA can set up automation for<br />

major future expansion in a production<br />

context. RPA is the practice of using<br />

software to automate several rulebased<br />

operations that often pertain to<br />

business processes. This can reduce<br />

the amount of time spent on arduous<br />

and time-consuming jobs. This can be<br />

applied to expedite order processing,<br />

inventory management, or even freight<br />

management.<br />

Numerous parts in the vehicle<br />

manufacturing sector may use<br />

streamlining, especially considering<br />

how difficult it is for people to keep<br />

track of every part.<br />

Although we cannot eliminate<br />

human error, we must reduce it<br />

whenever possible. RPA is a crucial<br />

addition to any production setting<br />

since it will promote future growth and<br />

make it easier for humans to do the<br />

more demanding components of the<br />

profession.<br />

In the past 20 years, the likelihood of<br />

human error naturally increased when<br />

a single tiny task had to be performed<br />

hundreds of times throughout the day.<br />

In a manufacturing setting, a small<br />

error could affect the entire production<br />

line in addition to that particular area<br />

of the factory floor. Nearly every<br />

area will be significantly impacted by<br />

robotic process automation.<br />

Agile Manufacturing<br />

Agile manufacturing is a crucial<br />

element that offers answers and a<br />

fresh perspective. Agile production<br />

can highlight change throughout the<br />

supply chain due to the shifting nature<br />

of client expectations. Additionally, it<br />

enables newer businesses to enter the<br />

market.<br />

Getting started in the auto industry<br />

is notoriously challenging, and it takes<br />

newer businesses a long time to<br />

mature.<br />

New automotive startups can open<br />

brand-new production facilities with<br />

agile car manufacturing at their core.<br />

This is shaking up the old guard<br />

and ensuring they employ the<br />

crucial components of bringing agile<br />

manufacturing into the present and<br />

the future. Various agile automotive<br />

manufacturing hubs are opening that<br />

aim to spearhead an independent<br />

approach to production.<br />

Agile manufacturing has several<br />

advantages, including less reliance on<br />

conventional production lines, more<br />

flexibility in assembly stations, and the<br />

ability to produce highly customized<br />

products without affecting the entire<br />

factory line.<br />

<strong>The</strong> goal of many businesses is<br />

to reduce reliance on the integrated<br />

approach to factory lines, which will<br />

result in a substantial transformation.<br />

Still, it will take some time before<br />

it is fully adopted into the current<br />

environment, even though agile<br />

manufacturing is still mainly a pipe<br />

dream for many.<br />

An Advancement in Automated Guided<br />

Vehicles (AGVs)<br />

AGVs are already used in large<br />

production areas to move materials,<br />

such as heavy objects. <strong>The</strong>y navigate<br />

and gain from manufacturing<br />

environments using precise control,<br />

thanks to 3D map technology.<br />

AGV production will rise to meet<br />

the demands of the factory line as<br />

automakers look to improve their<br />

products. Beyond the auto industry,<br />

several other industries will<br />

undoubtedly be impacted by the 10.8%<br />

growth predicted for the global AGV<br />

markets by 2026.<br />

Automation and robotics work hand<br />

in hand, and it’s evident from the car<br />

manufacturing industry that there will<br />

be a significant change in how robots<br />

permeate every element of our life.<br />

<strong>The</strong> usage of robotics in auto<br />

parking makes it evident that some,<br />

if not all, of these components will<br />

be included in the sector as a whole,<br />

helping it remain competitive and grow<br />

significantly.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 57

WHEELS<br />

<strong>2023</strong> AUDI RS7 SPORTBACK<br />


<strong>The</strong> Audi RS7 is a largemouth,<br />

high-performance hatchback<br />

sedan with bulging fenders and<br />

a roomy interior packed with the<br />

amenities and cutting-edge technology<br />

you’d expect in a super-sedan. A 591-<br />

hp provides the thrills twin-turbo V-8<br />

coupled to an eight-speed automated<br />

transmission with standard all-wheel<br />

drive. Despite weighing close to 5000<br />

pounds, the RS7 feels surprisingly<br />

agile for its size due to its rearwheel<br />

steering system and excellent<br />

suspension. <strong>The</strong>re’s always the 444-hp<br />

S7, which we assess separately if this<br />

much power is too much. <strong>The</strong> RS7 is<br />

supremely comfortable and extrapractical,<br />

thanks to its hatchback body<br />

style. But while the RS7’s swiftness<br />

puts it in league with mega-sedans like<br />

the BMW M5 Competition and Cadillac<br />

CT5-V Blackwing, the experience<br />

behind the wheel is less visceral than<br />

in the big Bimmer or killer Caddy.<br />

58 / <strong>January</strong> <strong>2023</strong><br />



Horsepower: 605<br />

Torque: 800 Nm @ 2050-4500 RPM<br />

Transmission: Automatic<br />

Acceleration (0-100 kmph): 3.6 seconds<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 59




<strong>The</strong> masses who first connected<br />

to the internet in the 1990s and<br />

the passengers who boarded<br />

commercial flights shortly<br />

after World War II had no idea<br />

that air travel would take off over the<br />

following decade. <strong>The</strong>y also had no idea<br />

computers would one day provide most<br />

of their news, entertainment, and social<br />

life. Few people today are aware that the<br />

space economy, which is broadly defined<br />

as human-beneficial activities in orbit<br />

or on other planets, has the potential<br />

to alter how people live and work in the<br />

future drastically.<br />

<strong>The</strong> frequent news stories about<br />

SpaceX, Blue Origin, and other private<br />

corporations launching their rockets<br />

and deploying satellite constellations<br />

indicate impending changes. <strong>The</strong>se onceprimarily<br />

government agency-restricted<br />

operations are now open to the private<br />

sector thanks to recent developments in<br />

manufacturing, propulsion, and launch<br />

that have made space travel more<br />

straightforward and less expensive.<br />

Lower prices have allowed new startups<br />

to flourish and inspired established<br />

aerospace firms to investigate advanced<br />

options that previously looked too<br />

expensive or challenging. Investors<br />

have been drawn to the technical<br />

advancements, which have increased<br />

space spending during the previous five<br />

years.<br />

<strong>The</strong> potential for novel space<br />

applications is enormous, mainly if<br />

well-known aerospace corporations<br />

collaborate with firms that haven’t<br />

often gone into orbit. For instance,<br />

pharmaceutical businesses might build a<br />

lab on a space station to investigate cell<br />

growth, or semiconductor companies<br />

might produce chips in facilities on<br />

other worlds to see whether anything<br />

about the zero-gravity environment in<br />

space makes the process more efficient.<br />

Such possibilities, which a few years<br />

ago might have seemed like the stuff of<br />

science fiction, could soon play a crucial<br />

role in business operations in various<br />

industries.<br />

But when and how should businesses<br />

pursue novel use cases with increased<br />

access to space? And with the technology<br />

being so new, how can they determine<br />

which possibilities are the most<br />

promising? Even though there are still<br />

many unknowns, businesses that start<br />

looking into these issues now can have<br />

an advantage in the long run.<br />

<strong>The</strong> benefits of the space economy<br />

- with more to come<br />

Long known as a potent incubator<br />

for innovation, space has attracted<br />

numerous private enterprises,<br />

governments, and carriers. Since<br />

the 1957 launch of Sputnik 1 until the<br />

present, satellite services, including<br />

communications, data collection, and<br />

picture analysis, have accounted for<br />

most of the value delivered by the<br />

space economy. Large businesses<br />

can benefit from satellites for<br />

various tasks, including international<br />

videoconferencing, instant credit card<br />

authorization, and inventory tracking<br />

at remote locations. When a consumer<br />

uses an online navigation system to<br />

pinpoint their location, make calls<br />

while flying, or are in remote areas<br />

without cell phone towers, they are<br />

using satellite technology. Additionally,<br />

satellites are credited for transmitting<br />

the signals allowing television viewers<br />

to see their preferred shows. Unless a<br />

problem arises and draws attention to<br />

the discreet technology running in the<br />

background, the significance of satellites<br />

in these activities is frequently ignored—<br />

many people may believe terrestrial<br />

computer networks offer essential<br />

connectivity.<br />

Satellites also aid in the solution of<br />

challenging social, environmental, and<br />

economic problems. Consider a few<br />

60 / <strong>January</strong> <strong>2023</strong><br />


ways that satellite data can provide<br />

insights—often more effectively and<br />

comprehensively than other sources:<br />

• Climate change. To measure the<br />

effects of global warming and find<br />

potential contributing factors, such<br />

as illegal logging, more than 160<br />

satellites continuously scan the<br />

Earth. For more than 20 years, NASA<br />

has tracked environmental changes<br />

with an instrument attached to<br />

its Aqua satellite, including ocean<br />

water, water vapour, clouds, sea<br />

and land ice, and precipitation.<br />

Government agencies can use<br />

information from other satellites<br />

to take immediate action to combat<br />

wildfires, coastal erosion, and other<br />

climate-related natural disasters.<br />

• Food security. More and more, crop<br />

development and potential harvest<br />

threats like drought or insect<br />

invasions are being tracked using<br />

satellite data. <strong>The</strong> SERVIR project,<br />

a collaboration between NASA and<br />

the US Agency for International<br />

Development, uses geospatial<br />

technologies and data from<br />

Earth-imaging satellites to assist<br />

governments in addressing various<br />

problems, including food shortages.<br />

• National security. Governments can<br />

frequently use satellite images and<br />

data to gather crucial intelligence,<br />

such as details on the deployment<br />

of weapons systems or troop<br />

movements, in collaboration with<br />

private sector businesses.<br />

<strong>The</strong> space industry was estimated<br />

to be worth $469 billion in 2021 by<br />

the non-profit Space Foundation,<br />

an increase of 9% from 2020 and<br />

the fastest growth seen since 2014.<br />

Although the space economy currently<br />

creates the majority of its value by<br />

facilitating or augmenting activities on<br />

Earth, in-orbit service, research and<br />

development, and manufacturing could<br />

generate considerable future value.<br />

Nevertheless, present-day satellite<br />

services will continue to be crucial and<br />

perhaps indispensable in some future<br />

use cases.<br />

How does the future space<br />

economy impact you?<br />

Global space trade has skyrocketed.<br />

<strong>The</strong> future of space spans all<br />

industries and is currently worth $469<br />

billion annually. Companies throughout<br />

the world are searching upward for<br />

fresh prospects. <strong>The</strong> next phase is<br />

to move manufacturing and heavy<br />

Governments,<br />

aerospace,<br />

and defence<br />

companies are<br />

no longer the<br />

only players in<br />

the space race.<br />

Businesses<br />

that seize new<br />

opportunities<br />

now may<br />

benefit from<br />

being first to<br />

market.<br />

industrial processes and businesses<br />

into space, which will open up virtually<br />

endless opportunities.<br />

<strong>The</strong> development, adoption, and<br />

adaptation of new and emerging<br />

technologies are expected to undergo<br />

transformative changes over the<br />

coming ten years. <strong>The</strong>se changes<br />

will have enormously positive effects<br />

on society, including creating new<br />

businesses, jobs, opportunities,<br />

medical advancements, and novel<br />

ways to live sustainably in the future.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 61




$148.6 BILLION BY 2027<br />

<strong>The</strong> commercial application<br />

segment is anticipated to<br />

hold the largest market share<br />

during the projected period<br />

<strong>The</strong> commercial application<br />

category is anticipated to hold the<br />

largest market share during the<br />

projected period. <strong>The</strong> retail market<br />

is expanding due to the expanding<br />

deployment of building automation<br />

systems in sizable shopping<br />

malls, office buildings, and public<br />

transportation hubs like airports and<br />

train stations. <strong>The</strong> most important<br />

methods utilized in commercial<br />

applications are those for HVAC,<br />

lighting, security, and access control.<br />

Due to growing security concerns,<br />

access control and security systems<br />

have been integrated into commercial<br />

buildings. Office buildings, hotels,<br />

hospitals, healthcare facilities,<br />

shopping malls, public gathering<br />

places, railroads, airports, and<br />

warehouses are a few examples<br />

of commercial structures that use<br />

building automation systems.<br />

<strong>The</strong> building automation system<br />

market’s BEM software segment is<br />

anticipated to experience the greatest<br />

CAGR growth throughout the projected<br />

period<br />

During the projection period, the<br />

building energy management software<br />

segment is anticipated to develop at<br />

the greatest CAGR. <strong>The</strong> capacity to<br />

build automation systems that reduce<br />

energy consumption, which results<br />

in energy and cost savings, can be<br />

credited with the rise of the building<br />

automation software market.<br />

It is essential to monitor the energy<br />

consumption levels in buildings due to<br />

rising energy prices and the creation<br />

of strict energy efficiency standards.<br />

62 / <strong>January</strong> <strong>2023</strong><br />


Building energy management software<br />

enables building managers or<br />

homeowners to track and continuously<br />

assess their properties’ energy<br />

consumption.<br />

<strong>The</strong>y provide actionable information<br />

for energy savings and alert building<br />

owners or operators of energy drifts.<br />

Building energy management software<br />

is provided by a few businesses,<br />

including Schneider Electric<br />

(France), Siemens AG (Germany),<br />

and International Business Machines<br />

Corporation (US). Manufacturers of<br />

building automation systems are<br />

concentrating on creating user-friendly<br />

software for managing energy usage<br />

in buildings due to technological<br />

advancements. Building energy<br />

management software is in demand<br />

globally as a result of this.<br />

During the projection period, the<br />

building automation system market in<br />

APAC is anticipated to have the highest<br />

www.thetechnologyexpress.com<br />

CARG and the largest market share<br />

(2022-2027)<br />

China, Japan, India, South Korea,<br />

and the rest of Asia Pacific have<br />

all had building automation system<br />

markets analyzed. This region’s market<br />

is anticipated to see the greatest<br />

CAGR throughout the forecast period.<br />

Building automation system market<br />

growth in APAC can be attributed to<br />

the region’s economic expansion as<br />

well as an increase in industrial and<br />

construction activity seen in the major<br />

economies in Asia Pacific.<br />

Consumers in the area are primarily<br />

interested in building automation<br />

systems to achieve energy savings,<br />

resulting in monetary savings. Smart<br />

city development has increasingly<br />

begun in nations like China and India.<br />

In these nations, building automation<br />

systems are essential for achieving<br />

energy-saving goals. A sizable portion<br />

of the world’s population lives in Asia<br />

and the Pacific.<br />

Due to the region’s improving<br />

economic conditions, consumers are<br />

actively installing building automation<br />

systems in both residential and<br />

commercial spaces. Additionally, the<br />

building automation system market<br />

in the Asia Pacific is expanding due<br />

to rising construction activity in<br />

China. <strong>The</strong> ability of these systems<br />

to lower building operating costs<br />

is causing the surge in demand for<br />

building automation systems for<br />

use in commercial applications.<br />

Building automation systems facilitate<br />

comfortable temperature and lighting<br />

maintenance and provide increased<br />

security, which drives market<br />

expansion in the area.<br />

-feature@thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 63






Sustainability is neither a buzzword nor jargon. Our daily lives are<br />

fundamentally driven by it. Changes in the social, environmental, and financial<br />

landscapes have made the adverse effects of climate change more prominent,<br />

influencing all of us. Sustainability in the business sector is now a “must do,”<br />

not just a “good to have.” We face severe damages if we don’t sustain ourselves<br />

as a globe.<br />

W<br />

hile we consider the<br />

interdependence of<br />

nations, civilizations,<br />

and global economies,<br />

the attempts to achieve<br />

environmentally-sustainable economic<br />

development will mostly have to start<br />

at the local level. Individual nations<br />

will need to create strategies for<br />

resolving sustainability issues specific<br />

to their particular rates of economic<br />

development, cultures, faiths, and<br />

political systems. <strong>The</strong>se strategies will<br />

need to be developed in collaboration<br />

with local industrial stakeholders.<br />

We need to accelerate our efforts to<br />

reverse the loss of biodiversity on the<br />

planet, use renewable energy sources,<br />

reforest, modernize our factories,<br />

conserve water, reduce pollution,<br />

and other aspects of protecting our<br />

natural resources, among many<br />

others. Sustainability, in its simplest<br />

form, is the ability to satisfy our needs<br />

without compromising the capacity of<br />

future generations to satisfy theirs.<br />

Usually, or permanently, we think<br />

about the environment when we talk<br />

about sustainability. We must begin<br />

to consider social factors as well.<br />

<strong>Technology</strong> will play a significant role<br />

in all of these as a unifying element.<br />

All corporate sustainability<br />

projects should have measurable<br />

objectives with follow-up milestones,<br />

be independent of specific team<br />

members, and use commercially<br />

accessible digital tools. If you want,<br />

call it MAD: Digital-led, Attritionproof,<br />

and Measurement-based.<br />

<strong>The</strong> manufacturing, transportation,<br />

agriculture, and construction<br />

industries govern where we live,<br />

work, play, and eat and how goods and<br />

services are carried out. However, they<br />

have a significant negative influence<br />

on the ecosystem. Understanding the<br />

issue in-depth and in its entirety is<br />

64 / <strong>January</strong> <strong>2023</strong><br />


crucial for reducing this adverse effect.<br />

Since quantifying the impact cannot be<br />

made in a straight line, it is crucial to<br />

establish the baselines accurately.<br />

<strong>Technology</strong> would help with the<br />

problematic, multi-variable-dependent<br />

answer. <strong>Technology</strong> can measure and<br />

boost productivity, give efficiency and<br />

cost savings, reduce product waste,<br />

chemicals, and resources, and analyze<br />

and track progress to minimize the<br />

harmful effects on the environment.<br />

For instance, modern farms can use<br />

less water and chemicals thanks<br />

to precision application equipment,<br />

and cutting-edge technologies like<br />

robotics, drones, and various sensors<br />

can make agriculture enterprises<br />

more ecologically friendly. <strong>Technology</strong><br />

in agriculture has a positive impact on<br />

the environment since it has less of an<br />

impact on natural ecosystems and less<br />

chemical runoff into rivers.<br />

It will take more work to<br />

remedy industrialization’s adverse<br />

environmental effects. Digital<br />

technology and environmental<br />

sustainability appear unrelated and<br />

mutually exclusive in the conventional<br />

business model. One is fueled by<br />

the Fourth Industrial Revolution’s<br />

profound technical advancements.<br />

<strong>The</strong>se can revolutionize labour,<br />

industrial processes, and global<br />

production. It’s all about efficiencies,<br />

to put it simply. <strong>The</strong> other is caused by<br />

geopolitical instability, environmental<br />

degradation, and climate change, all<br />

of which call for a new strategy that<br />

prioritizes resource management and<br />

environmental stewardship.<br />

Businesses are becoming<br />

increasingly aware that more<br />

than merely increasing output and<br />

consumption would be required<br />

to satisfy consumers’ growing<br />

demand for goods and services.<br />

With fundamental business model<br />

innovation and the conscious adoption<br />

of newer and better ways of living, we<br />

will be able to address the ecological<br />

and social issues of the day. Simply<br />

changing the ownership of brown<br />

assets won’t make these fossil fuelbased<br />

sectors more sustainable or<br />

address their problems immediately.<br />

<strong>The</strong> answer is to continue to invest<br />

in these brown assets to speed up<br />

their conversion to green. With digital<br />

technology, businesses would find it<br />

easier to control waste or reduce their<br />

environmental impact at the current<br />

crossroads.<br />

<strong>The</strong> success of an enterprise<br />

depends on its sustainability goals and<br />

related actions! <strong>The</strong> most influential<br />

corporate boards should monitor every<br />

achievement in business sustainability<br />

and outcomes.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 65


ekar<br />

Ekar is the first self-drive mobility<br />

startup in the Middle East,<br />

allowing users on-demand<br />

access to a network of vehicles<br />

available for rental and leasing<br />

subscription. Users can pay through<br />

the company’s mobile app (available<br />

for Android and iOS devices) by the<br />

minute, hour, day, or week, or even<br />

choose long-term monthly rentals,<br />

which come with fuel, free on-street<br />

parking, insurance, maintenance, and<br />

round-the-clock customer support.<br />

<strong>The</strong> concept for ekar, introduced in<br />

2016, began when founder and CEO<br />

Vilhelm Hedberg identified a need<br />

for the Middle Eastern car-sharing<br />

market. <strong>The</strong> original idea was<br />

straightforward: give cars to the flight<br />

attendants who work for Emirates<br />

Airlines and Etihad Airways. “This<br />

homogeneous group lives in apartment<br />

buildings with empty parking spaces<br />

because cars are expensive and<br />

unnecessary for people who work<br />

primarily abroad.”<br />

Currently operating in seven locations<br />

across the UAE and Saudi Arabia, ekar<br />

has ambitions to expand to Thailand<br />

and Malaysia this year, Turkey and<br />

Egypt in 2022, and Malaysia and<br />

Thailand in <strong>2023</strong>. <strong>The</strong> platform links<br />

fleet owners and original equipment<br />

manufacturers (OEMs) with an easyto-use,<br />

internally-built digital rental<br />

and leasing platform. Hedberg is<br />

especially proud to note that it is the<br />

first car share company in the world<br />

to offer Tesla vehicles as an option<br />

on its app, alongside other vehicles<br />

like the Nissan Micra, MG ZS, Mazda<br />

6, Mitsubishi Attrage, Peugeot 3008,<br />

Chevy Spark, Ford EcoSport, and<br />

Hyundai Accent.<br />


In the UAE, you can shop now<br />

and pay later by dividing your bill<br />

into three interest-free monthly<br />

instalments. With Postpay, a nointerest<br />

and no-hidden-fee payment<br />

plan shopping app, you can purchase<br />

now and pay later in the United Arab<br />

Emirates. Find the best pay-later<br />

shopping deals on various fashion,<br />

clothing, beauty, entertainment, and<br />

more by selecting from hundreds of<br />

stores and brands.<br />

Tariq Sheikh and Dani Molina<br />

founded Postpay. Shop online at any<br />

retailer, choose “Postpay” at the<br />

checkout, fill out your information, and<br />

you’re good to go!<br />

Postpay provides a variety of<br />

payment choices that vary according<br />

to time frames. Three-time ranges<br />

can be used for payment splitting by<br />

customers. Interest is not charged on<br />

any payments.<br />

Several companies from the<br />

Postpay website can be found in the<br />

electronics, beauty, fashion, sports<br />

& fitness, home and furnishings,<br />

children, and entertainment categories.<br />

<strong>The</strong>se include retailers like Victoria’s<br />

Secret, Footlocker, Brands for Less,<br />

Mother Care, Bath & Body Works,<br />

Boots, Marina Home, Pottery Barn,<br />

West Elm, and Brands for Less.<br />

You may download the Postpay<br />

app from the App Store or Google<br />

Play. Depending on the user’s history,<br />

there are different minimum spend<br />

restrictions.<br />

Common payment methods,<br />

including Mastercard and Visa debit/<br />

credit cards, are accepted by Postpay.<br />

66 / <strong>January</strong> <strong>2023</strong><br />



André Sayegh<br />

CEO of First Gulf Bank<br />

Mudassir Sheikha is the CEO and<br />

Co-Founder of Careem.<br />

Careem is a Dubai-based super app<br />

with operations in over 100 cities,<br />

covering 12 countries across the<br />

Middle East, Africa, and South Asia<br />

regions. <strong>The</strong> company, valued at over<br />

US$2 billion in 2018, became a whollyowned<br />

subsidiary of Uber after being<br />

acquired for $3.1 billion in <strong>January</strong><br />

2020. Careem expanded into the food<br />

delivery business with Careem Now in<br />

November 2018 and launched a digital<br />

payment platform, Careem Pay, in April<br />

2022.<br />

Mudassir started his career with<br />

Trilogy Software before joining San<br />

Francisco-based mobile experience<br />

startup Brience at the height of<br />

the dot-com bubble in March 2000.<br />

Mudassir then joined the founding<br />

team of mobile testing and monitoring<br />

startup DeviceAnywhere, where<br />

among other things, he led its<br />

offshore development centre in<br />

Pakistan. Keynote Systems acquired<br />

DeviceAnywhere, and Mudassir joined<br />

the management consulting firm<br />

McKinsey & Company in Dubai.<br />

Until the company eliminated all job<br />

titles in July, Amit Jain served as<br />

group CEO of Emaar Properties in<br />

Dubai. In June 2017, Jain assumed the<br />

group CEO position at Dubai’s largest<br />

developer. He is responsible for the<br />

Amit Jain<br />

Emaar Properties<br />

company’s overall management and<br />

strategy and reports directly to the<br />

chairman and board. He has been with<br />

Emaar since 2006, and during his time<br />

there as the Group’s CFO and COO, he<br />

gained extensive knowledge of the<br />

company. <strong>The</strong> chartered accountant<br />

will primarily guide the company’s next<br />

phase in the future.<br />

Jain, who had 22 years of experience<br />

in real estate and banking, joined<br />

Emaar as the Group’s financial director<br />

in 2006. Emaar Properties generated<br />

$5.4 billion in revenue in 2020. <strong>The</strong><br />

business declared in April 2020 that<br />

it would contribute $27.2 million to<br />

the “Social Solidarity Fund Against<br />

COVID-19,” established by the Dubai<br />

Department of Islamic Affairs and<br />

Charitable Activities. Jain holds a<br />

CFA Charter from the CFA Institute in<br />

the United States and is a Chartered<br />

Accountant from the Institute of<br />

Chartered Accountants of India.<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 67

EDTECH<br />


Introduction<br />

Edtech has been revolutionizing<br />

the way we learn and teach for<br />

several years now, and new<br />

trends are emerging every day.<br />

From Artificial Intelligence (AI) to<br />

Virtual Reality (VR) and Gamification,<br />

there are a variety of trends that<br />

educators should consider when<br />

developing EDTECH solutions. AI can<br />

be used to personalize learning and<br />

assess students, while VR can create<br />

immersive 3D environments that allow<br />

students to explore and interact with<br />

their surroundings. Gamification can<br />

also be used to make learning fun and<br />

interactive while also encouraging<br />

student engagement.<br />

Trends to Consider in Edtech<br />

A. Artificial Intelligence (AI): AI<br />

can provide a more personalized and<br />

effective educational experience for<br />

students. AI can be used to automate<br />

tedious and time-consuming tasks<br />

like grading and providing feedback on<br />

student work. AI can also be used to<br />

adapt instruction to individual student<br />

needs, which can help increase<br />

student engagement and learning.<br />

Features of AI in edtech<br />

1. Automated Grading: Artificial<br />

Intelligence (AI) can be used to grade<br />

student work and provide personalized<br />

feedback. AI can provide quick and<br />

accurate feedback, making the grading<br />

process more efficient.<br />

2. Adaptive Learning: AI can be<br />

used to create personalized learning<br />

experiences, adapting instruction<br />

to a student’s individual levels of<br />

understanding and progress.<br />

3. Virtual Tutors: AI-powered virtual<br />

tutors can provide students with realtime<br />

help and guidance as they work<br />

through lessons.<br />

B. Virtual Reality (VR):<br />

Virtual Reality (VR) is becoming<br />

more and more popular in the field<br />

of education. VR allows students<br />

to virtually explore and experience<br />

different concepts and environments<br />

that would otherwise be difficult to<br />

access in person. Many educational<br />

institutions are now using VR to<br />

simulate real-world experiences and<br />

to give students a 360-degree view<br />

of the subject matter. For example,<br />

students can use VR to explore the<br />

solar system, experience a virtual<br />

field trip, and even take virtual trips to<br />

different parts of the world. VR also<br />

helps to engage students in a new way<br />

and allows them to learn at their own<br />

68 / <strong>January</strong> <strong>2023</strong><br />

www.thetechnologyexpress.com<br />

pace.<br />

Features of VR in EDTECH<br />

C. Gamification: Gamification is a<br />

trend in EDTECH that involves adding<br />

game-like elements to learning<br />

materials to make them more engaging<br />

and fun. This can include adding points,<br />

rewards, and achievements to learning<br />

activities, as well as having students<br />

compete against each other or against<br />

a computer. Gamification is becoming<br />

increasingly popular, as it can help<br />

make learning more enjoyable and<br />

motivate students to stay engaged.<br />

Features of Gamification in EDTECH<br />

1. Rewards: Gamification often<br />

includes rewards, such as points,<br />

badges, or levels, to motivate and<br />

engage students.<br />

2. Competition: Gamification<br />

encourages competition among<br />

players to complete tasks or<br />

challenges.<br />

3. Progress Tracking: Gamification<br />

allows students to track their<br />

progress, giving them a sense of<br />

accomplishment.<br />





One of the numerous<br />

competing technologies<br />

that might assist the<br />

aviation sector in achieving<br />

its objective of becoming<br />

net zero by 2050 is hydrogen.<br />

Rolls-Royce and EasyJet claim<br />

to have achieved a new aviation<br />

milestone with the first run of a<br />

modern aero engine powered by<br />

hydrogen. <strong>The</strong> ground test was<br />

performed using green hydrogen<br />

produced by wind and tidal power on<br />

an early concept demonstrator.<br />

According to a news release from<br />

both firms, the research is a significant<br />

step toward demonstrating that<br />

hydrogen might be a zero-carbon<br />

aviation fuel in the future and is a vital<br />

proof point in their decarbonization<br />

strategy.<br />

With a longer-term goal of<br />

conducting flight testing, the<br />

businesses have set out to<br />

demonstrate that hydrogen can<br />

produce power for civil aircraft<br />

engines safely and effectively. <strong>The</strong>y<br />

have already begun preparing a<br />

second set of experiments.<br />

Rolls Royce’s Chief <strong>Technology</strong><br />

Officer, Grazia Vittadini, said, “This<br />

hydrogen test was successful, which is<br />

a tremendous accomplishment. Even<br />

though we only recently announced<br />

our cooperation with easyJet, we<br />

are off to a fantastic start with this<br />

significant accomplishment. We<br />

are pushing the envelope to learn<br />

more about hydrogen’s zero-carbon<br />

potential, which could help transform<br />

the future of aviation.”<br />

EasyJet’s CEO, Johan Lundgren,<br />

said: “For our partnership team, this<br />

is a major accomplishment. Because<br />

hydrogen has fantastic potential for<br />

various aircraft, including EasyJetsized<br />

aircraft, we are dedicated<br />

to continuing to fund this groundbreaking<br />

research. That will be a<br />

significant advancement towards<br />

achieving net zero by 2050.”<br />

<strong>The</strong> test was conducted with a<br />

modified Rolls-Royce AE 2100-A<br />

regional aircraft engine at the UK MoD<br />

Boscombe Down outdoor test facility.<br />

EMEC (European Marine Energy<br />

Centre) provides the green hydrogen<br />

used in the tests, which produces it on<br />

Eday in the UK’s Orkney Islands using<br />

renewable energy.<br />

“<strong>The</strong> UK is leading the global<br />

transition to guilt-free flying, and<br />

today’s test by Rolls-Royce and<br />

easyJet is an exciting indication of<br />

how commercial innovation can<br />

revolutionize how we live our lives,”<br />

said Grant Shapps, Secretary of State<br />

for Business, Energy, and Industrial<br />

Strategy.<br />

“This is a true British success story,<br />

with the hydrogen used to power the<br />

jet engine being created using tidal and<br />

wind energy from the Orkney Islands<br />

of Scotland - and is a prime illustration<br />

of how we can work together to make<br />

aviation cleaner while driving jobs<br />

across the country,” said the author.<br />

Following this early concept ground<br />

test analysis, the partnership plans a<br />

series of further rig tests leading to a<br />

full-scale ground test of a Rolls-Royce<br />

Pearl 15 jet engine.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 69





Zimmer Biomet Holdings, Inc.,<br />

a global medical technology<br />

leader, has opened a new<br />

Innovation Hub in Dubai to<br />

showcase the company’s<br />

advanced technologies, surgical<br />

robotics and implants to healthcare<br />

customers.<br />

“Our customers can now get close<br />

to our solutions and better understand<br />

how Zimmer Biomet’s technology and<br />

data can improve healthcare efficiency<br />

and patient outcomes,” said Mr. Wilfred<br />

van Zuilen, President, Zimmer Biomet<br />

EMEA.<br />

In <strong>January</strong>, Zimmer Biomet opened a<br />

new office in Dubai to serve increasing<br />

demand from hospitals and clinics<br />

in the Middle East, North Africa and<br />

Turkey (MENAT).<br />

Marwan Abdulaziz Janahi, Senior<br />

Vice President of the Dubai Science<br />

Park, part of TECOM Group PJSC, said:<br />

“Dubai is on the fast track to becoming<br />

a primary healthcare destination.<br />

Digital transformation and innovation<br />

of medical technology are allowing<br />

Dubai to raise the bar for healthcare<br />

excellence, especially with the new<br />

R&D Program boosting those efforts.<br />

Dubai Science Park is playing a key<br />

part in this ambition. Our community<br />

of leading science, biotechnology, and<br />

biopharmaceutical companies are<br />

enhancing the sector with advanced<br />

technologies and research fields, and<br />

the new innovation hub by Zimmer<br />

Biomet will strengthen Dubai’s impact.”<br />

“Zimmer Biomet’s Dubai Innovation<br />

Hub is the next step in our investment<br />

in the region, and it demonstrates our<br />

commitment to helping customers<br />

maintain momentum during a<br />

transformative period in healthcare,”<br />

said Erik Antos, Vice President,<br />

Zimmer Biomet Emerging Markets.<br />

“At the Dubai Innovation Hub,<br />

customers will learn more about the<br />

increasing expectations of patients<br />

for personal and connected digital<br />

experiences, and how we deliver<br />

data-driven insights that help increase<br />

efficiency, alleviate pain for patients,<br />

and improve the quality of life for<br />

people around the world,” said Mr.<br />

Antos.<br />

A central part of the company’s<br />

offering, ZBEdge combines multiple<br />

Zimmer Biomet technologies, implants<br />

and services to offer a unique medtech<br />

platform in orthopaedics.<br />

“ZBEdge, Zimmer Biomet’s suite<br />

of integrated digital technologies,<br />

robotics, implants and consultancy<br />

services now have the power to work<br />

together, gathering and sharing data<br />

across the whole patient pathway,”<br />

said Farah Hamdan, General Manager,<br />

Zimmer Biomet MENAT.<br />

In the pursuit for optimized care,<br />

surgeons and care teams can make<br />

decisions for individual patients with<br />

data-derived clinical insights and<br />

precise technologies, in the operating<br />

room and at every other phase of care.<br />

ZBEdge can help to improve<br />

efficiency by connecting technologies,<br />

streamlining communication and<br />

automating workflows. Care teams<br />

benefit from real-time understanding<br />

of their hospital’s performance and<br />

are in a better position to realize<br />

opportunities to unlock efficiencies and<br />

optimize outcomes.<br />

“By connecting Zimmer Biomet<br />

digital technologies, robotics, implants<br />

and services, we aim to empower<br />

surgeons, administrators and patients<br />

with solutions that are smarter, faster,<br />

and better,” said Ms. Hamdan.<br />

<strong>The</strong> MENAT region is an important<br />

customer base for Zimmer Biomet,<br />

with a significant uptick in interest and<br />

adoption of its healthcare technologies<br />

over the past 10 years.<br />

-feature@thetechnologyexpress.com<br />

70 / <strong>January</strong> <strong>2023</strong><br />





Have you ever imagined a<br />

situation where all your<br />

medical information is<br />

securely kept in a bank<br />

locker? It seems insane.<br />

Like banks, you may save your medical<br />

records in a single, secure system.<br />

That can occur when blockchain<br />

technology is applied to the healthcare<br />

industry. <strong>The</strong> only possible distinction<br />

is that the medical records will<br />

be electronically maintained on a<br />

protected network.<br />

You may have observed that there<br />

are several tech conferences, forums,<br />

and seminars about blockchain taking<br />

place all over the world. Blockchain<br />

is expected to take over the whole<br />

corporate world, according to tech<br />

experts placing big bets on it.<br />

What is blockchain?<br />

According to Wikipedia, a blockchain<br />

is a decentralized, distributed, and<br />

public digital ledger that is used<br />

for logging transactions across<br />

numerous computers to prevent any<br />

associated record from being changed<br />

retrospectively without also changing<br />

all succeeding blocks.<br />

Because the “blocks” or transactions<br />

(records) are confirmed and linked<br />

to the preceding “block,” a long chain<br />

is formed, giving rise to the name<br />

“blockchain.”<br />

Simply put, think of blockchain<br />

as a giant Google doc with the vital<br />

distinction that anyone can view and<br />

add to it but not edit the content.<br />

Scope of blockchain technology in<br />

healthcare<br />

<strong>The</strong> scope of blockchain technology<br />

in healthcare is immense. This is<br />

supported by a report which says that<br />

the global blockchain development<br />

technology in healthcare.<br />

Which was valued at approximately<br />

$34.47 million and will see a steep rise<br />

in 2024 with revenue close to $1415.59<br />

million. Moreover, the CAGR growth<br />

will be around 70.45% between 2018-<br />

2024.<br />

<strong>The</strong> stats look promising, but what<br />

key factors make blockchain so crucial<br />

for healthcare?<br />

1. Decentralized system.<br />

2. Single data source.<br />

3. 24*7 monitoring & access of data.<br />

4. Cost-effectiveness.<br />

5. Consistent rules through a smart<br />

contract.<br />

Effect of Blockchain on the<br />

Healthcare Industry<br />

While blockchain is a requirement<br />

in many industries, the healthcare<br />

sector may stand to gain the most<br />

from it. It is crucial to keep in mind<br />

that this is a sector where the public’s<br />

sensitive information may be in danger<br />

every day. Blockchain increases<br />

transparency and ensures the security<br />

and accuracy of all data that is being<br />

stored.<br />

<strong>The</strong> information relating to drug<br />

sales, health data, medical procedures,<br />

logs, and much more can be tracked<br />

using this technology. Thanks to the<br />

blockchain, all of this information<br />

may now be kept in a decentralized<br />

database that anybody with access<br />

rights can view. This relieves<br />

some pressure on medical staff by<br />

ensuring that patients and doctors<br />

are kept informed about their care. In<br />

healthcare, record accuracy can easily<br />

mean the difference between life and<br />

death. <strong>The</strong>refore, adopting blockchain<br />

technology is a logical and crucial step<br />

in the right direction.<br />

Although this technology is still in<br />

its infancy, the investment is more<br />

than worthwhile. We might witness<br />

an increase in system conversions<br />

shortly. None of this should surprise<br />

anyone because cities like Dubai, for<br />

instance, are converting all of their<br />

systems to blockchain. Once you<br />

graduate from school and enter the<br />

field of medical billing and coding,<br />

you’ll notice a growing reliance on<br />

technologies like blockchain that will<br />

usher in a new era of record-keeping.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 71





OT security stands for operational technology. Stacks of hardware and software<br />

are used to implement security measures. <strong>The</strong>y aid in tracking, spotting,<br />

and managing adjustments to industrial network equipment, activities, and<br />

procedures.<br />

<strong>The</strong>y are employed to defend<br />

these systems and networks<br />

against malicious intrusions.<br />

<strong>The</strong> services provided by<br />

operational technology<br />

security include transportation<br />

networks, power plants, and<br />

appliances used in smart cities.<br />

<strong>The</strong>y are pretty prevalent in<br />

industrial control systems (ICS).<br />

Its regular responsibilities include<br />

managing crucial infrastructure<br />

and protecting the systems against<br />

intrusions.<br />

<strong>The</strong> demand for strong security<br />

measures is rising as the number<br />

of malicious attacks on industrial<br />

networks rises.<br />

In What Ways Do OT and IT Differ?<br />

Information technology (IT) is the<br />

digital data processing by computer<br />

systems to support business<br />

operations like marketing, sales,<br />

customer relationship management,<br />

communications, and more. Typical<br />

IT systems include your email server,<br />

web server, ERP system, voice-over-<br />

IP phone, print server, and helpdesk<br />

application.<br />

While businesses use computer<br />

systems to monitor and manage<br />

technological and industrial processes,<br />

operational technology (OT) oversees<br />

the operation of physical processes<br />

and equipment.<br />

Applications and processes used in<br />

the IT sector, which include electricity<br />

generation and transmission, water<br />

treatment, and chemical manufacture,<br />

help govern the flow of the OT sector.<br />

In contrast, physical assets like<br />

motors, conveyors, valves, and forklifts<br />

are frequently the controlled endpoints<br />

in operational technology (OT). <strong>The</strong>se<br />

“objects” come in various dimensions,<br />

72 / <strong>January</strong> <strong>2023</strong><br />


forms, sophistication levels, iterations,<br />

and vintages.<br />

In a nutshell, the spectrum of<br />

systems that deal with the physical<br />

transformation of commodities and<br />

services falls under the umbrella of<br />

OT. <strong>The</strong>y are industry-specific, taskspecific<br />

systems that are regarded as<br />

mission-critical.<br />

As part of their security plan for<br />

their systems, OT suppliers apply<br />

yearly fixes in terms of security.<br />

Many businesses are forced to rely<br />

only on OT vendors for security<br />

assistance because of a need for<br />

product understanding and a complex<br />

environment.<br />

Importance of Operational<br />

<strong>Technology</strong> Security<br />

• Prevents Attack<br />

IT security helps prevent assaults<br />

on industrial networks. As already<br />

said, it keeps watch on the system<br />

and promptly recognizes changes.<br />

<strong>The</strong>se security measures are<br />

crucial because they protect vital<br />

business data. Attacks are carried<br />

out to obtain sensitive information<br />

or to impede business operations.<br />

Attacks like this could cost a<br />

company a lot of money and<br />

resources, whichever way they<br />

happen. By implementing security<br />

measures like OT security, your<br />

company will have an additional<br />

layer of defence against these<br />

breaches.<br />

• Ensures Business Continuity<br />

Businesses in the industrial<br />

sector deal with many inventory,<br />

customers, and other stakeholders.<br />

Thus, maintaining the operation of<br />

the company is essential.<br />

<strong>The</strong>se companies deal<br />

with transportation and<br />

communications, so they couldn’t<br />

afford to stop operating. <strong>The</strong><br />

annoyance to customers could<br />

result from even a brief pause in<br />

operations.<br />

A pause in operations can also<br />

cause a company to lose customers<br />

and money.<br />

<strong>The</strong>se businesses are guaranteed<br />

to continue operating thanks to<br />

OT security. <strong>The</strong> business process<br />

can continue uninterrupted thanks<br />

to this security measure. <strong>The</strong>y<br />

can prevent losses and customer<br />

dissatisfaction in this way.<br />

Final Thoughts<br />

Utilize OT security to lessen the<br />

issues and difficulties that the<br />

industrial sector faces. You can prevent<br />

problems caused by malicious attacks<br />

or even human error with OT security.<br />

Any field would benefit greatly<br />

from an additional layer of security.<br />

<strong>The</strong> operational technology security<br />

measure can support maintaining the<br />

company’s integrity in the industrial<br />

sector.<br />

-feature@thetechnologyexpress.com<br />

By<br />

implementing<br />

security<br />

measures like<br />

OT security,<br />

your company<br />

will have an<br />

additional<br />

layer of defence<br />

against these<br />

breaches.<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 73




From remote working to online classes and cloud kitchens to financial transactions, Cloud<br />

Computing is one technology that underpins all digital business models. It’s no exaggeration<br />

to say that cloud enables business.<br />

<strong>The</strong> enterprise data strategy<br />

is to use a variety of data<br />

to support the company’s<br />

overall business strategy and<br />

to define critical data assets,<br />

how data generate value, what the data<br />

ecosystem is, and how we represent<br />

data governance and compliance.<br />

Zettabytes of data are generated<br />

worldwide through social media,<br />

the Internet of Things, sensors,<br />

autonomous vehicles, and multimedia<br />

material. <strong>The</strong> information in the data<br />

may not be arranged in a way that has<br />

been predetermined and may come<br />

from private, public, or third-party<br />

sources. Enterprises needed data to<br />

be captured, stored, and analyzed<br />

at EDGE locations. Data centres<br />

are being disaggregated to enable<br />

cloud computing, and data centrelike<br />

technologies are emerging at<br />

the network’s edge. Data storage is<br />

a crucial component of developing<br />

a strategy, and it can be challenging<br />

to calculate the cost of ownership<br />

because it doesn’t just involve the<br />

cost of safeguarding data (whether it’s<br />

stored in cold or cool storage) but also<br />

the cost per operation of accessing<br />

and analyzing the data.<br />

<strong>The</strong> maturity of an organization is<br />

determined by its capacity to derive<br />

value from its data. <strong>The</strong> transition<br />

from current data strategies to future<br />

cognitively enhanced data strategies<br />

is logical. According to an analytically<br />

mature firm, a data strategy that<br />

directly affects company success will<br />

benefit from the addition of cognitive<br />

technology.<br />

What are its critical capabilities?<br />

It shows the capabilities of an<br />

organization and how they can<br />

leverage their data to enable their<br />

reporting and decision systems<br />

efficiently, which impacts the business<br />

outcome capabilities in defining a<br />

modern enterprise data strategy:<br />

Analytics, Workflow Management, and<br />

Success Criteria<br />

Any data platform should enable<br />

analytics so that organizations can<br />

assess their situation and make<br />

better decisions. It is crucial to have a<br />

clearly defined, documented workflow<br />

74 / <strong>January</strong> <strong>2023</strong><br />


that should explain the entire data<br />

integration and analytics process<br />

since this will make it easier for any<br />

organization to develop an analytics<br />

platform swiftly.<br />

It should outline the procedures<br />

for gathering, managing, and<br />

integrating various data sources into<br />

the analytics platform. It should also<br />

show how quickly Agile Deployment<br />

Methodologies can transition<br />

analytical models from experiments<br />

to production. Before beginning any<br />

analytical project, there should be<br />

proper acceptance criteria that cover<br />

the essentials, such as the current<br />

issues the project will uncover with<br />

the system as it is and how it will help<br />

an organization grow.<br />

• Aligning the technology team with<br />

business perspectives<br />

Once the analytical process is<br />

established, it is crucial to take a<br />

more comprehensive look at how<br />

the business implementation is<br />

doing. A thorough understanding<br />

of the business state and<br />

requirements is the foundation<br />

for creating a data strategy. <strong>The</strong><br />

very first goal should be to spend<br />

time determining the business<br />

requirements for any project and<br />

then, in accordance, design the<br />

analytics platform architecture.<br />

All tools, frameworks, and<br />

technologies should come later.<br />

• Defining Key Data Sources and<br />

Hybrid Data Management<br />

Bringing all or as much data is<br />

a mistake that is frequently made<br />

when developing an analytics<br />

platform, and handling that much<br />

data may be costly. <strong>The</strong>refore, it is<br />

crucial to identify the relevant data<br />

sources needed by the analytics<br />

team before implementing the data<br />

integration process. This will assist<br />

in keeping the cost of the data<br />

integration activities reasonable<br />

and maintain the data analysts’<br />

confidence in the data.<br />

<strong>The</strong> current data sources<br />

Organizations can make choices<br />

on business processes that require<br />

quick action by integrating with<br />

batch data sources. To provide the<br />

analytics team with near-real-time<br />

insights for the business team,<br />

hybrid data management enables<br />

how real-time and batch data will<br />

be managed and served.<br />

• Query Pattern<br />

<strong>The</strong> Data Engineering Team<br />

generally discusses with the Data<br />

Science and Business Intelligence<br />

Teams how they will be querying<br />

the data and accordingly, a data<br />

storage strategy is designed. Adhoc<br />

queries cannot have their query<br />

patterns predetermined; however,<br />

reporting dashboards and decision<br />

systems can.<br />

<strong>The</strong> technology team may be<br />

eager to quickly switch from one<br />

framework to another since it is,<br />

of course, the proper thing to do.<br />

Technologies, frameworks, and<br />

tools will continue to be developed.<br />

However, the technology team<br />

must consider creating their<br />

designs evolutionarily to prevent<br />

new changes from upsetting the<br />

equilibrium and allow for the<br />

seamless introduction of new tools<br />

and frameworks.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 75




<strong>The</strong> tech industry is well<br />

renowned for having a<br />

confusing acronym logo.<br />

SaaS, PaaS, and IaaS are<br />

probably terms you’ve<br />

heard of, but DaaS, or Desktop as a<br />

service, may be different. Businesses<br />

that value security and flexibility are<br />

adopting this novel method of offering<br />

workspaces, with Verified Market<br />

Research estimating a CAGR of 18.7%<br />

between 2019 and 2026.<br />

What Is DaaS? How Does It Work?<br />

Desktop as a Service (DaaS) is<br />

a cloud computing offering where<br />

a service provider delivers virtual<br />

desktops to end users over the<br />

Internet, licensed with a per-user<br />

subscription.<br />

<strong>The</strong> supplier handles backend<br />

maintenance for small organizations<br />

who find building their own virtual<br />

desktop infrastructure to be too<br />

expensive or resource-intensive. This<br />

management often entails upkeep,<br />

data storage, backup, and upgrades.<br />

Additionally, cloud service providers<br />

may handle desktop security and<br />

application management, or users<br />

may manage these service aspects<br />

independently.<br />

Persistent and non-persistent<br />

desktops are the two types of desktops<br />

that DaaS offer.<br />

Persistent Desktop: Users can<br />

personalize and save a desktop so it<br />

will appear the same each time they<br />

log on. A persistent desktop can cost<br />

more because it needs more storage<br />

than a non-persistent desktop.<br />

Non-persistent Desktop: Desktops<br />

are only used to access shared cloud<br />

services and are deleted each time a<br />

user logs out.<br />

Customers may be given the option<br />

by cloud service providers to choose<br />

between the two, allowing workers<br />

with particular needs to access<br />

a persistent desktop and giving<br />

temporary or irregular workers access<br />

to a non-persistent desktop.<br />

Advantages of Desktop as a Service<br />

(DaaS)<br />

Over a conventional desktop model,<br />

Desktop as a Service (DaaS) has<br />

some definite advantages. With DaaS,<br />

active end users can be deployed or<br />

decommissioned much more quickly<br />

and inexpensively.<br />

1. Faster deployment and<br />

decommissioning of active end<br />

users: <strong>The</strong> Desktop only has to be<br />

connected to a new device; it is<br />

76 / <strong>January</strong> <strong>2023</strong><br />


already configured. DaaS can save<br />

time and money for seasonal firms<br />

that frequently undergo peaks and<br />

troughs in demand or personnel<br />

numbers.<br />

2. Reduced downtime for IT support:<br />

Additionally, Desktop as a Service<br />

enables businesses to offer remote<br />

IT support to staff members, cutting<br />

down on downtime.<br />

3. Cost savings: <strong>The</strong> DaaS devices are<br />

less expensive and consume less<br />

power because they need much<br />

less processing than a traditional<br />

desktop computer or laptop.<br />

4. Increased device flexibility: DaaS<br />

supports users bringing their own<br />

devices into the office and shifts<br />

the responsibility of supporting the<br />

Desktop on all of those devices to<br />

the cloud service provider. DaaS<br />

runs on a variety of operating<br />

systems and device types.<br />

5. Enhanced security: DaaS<br />

significantly reduces security risks<br />

because data is stored in the data<br />

centre. A laptop or mobile device<br />

that has been stolen can easily<br />

be unplugged from the network.<br />

<strong>The</strong> likelihood of a thief accessing<br />

private information is very low<br />

because none of the data is stored<br />

on the stolen device. Because<br />

all desktops can be updated<br />

simultaneously from a remote<br />

location, security patches and<br />

updates are also simpler to install<br />

in a DaaS environment.<br />

How does Desktop as a Service (DaaS)<br />

work?<br />

With Desktop as a Service (DaaS),<br />

the cloud services provider hosts the<br />

infrastructure, network resources, and<br />

storage in the cloud while streaming<br />

a virtual desktop to the user’s device.<br />

<strong>The</strong> user may then access the data and<br />

apps on the Desktop through a web<br />

browser or other software. Through a<br />

subscription approach, businesses can<br />

buy as many virtual desktops as they<br />

require.<br />

Graphics-intensive apps have<br />

previously been challenging to utilize<br />

with DaaS since desktop applications<br />

stream over the Internet from a<br />

centralized server. This has changed<br />

with new technology, and even<br />

programs like computer-aided design<br />

(CAD) that need a lot of processing<br />

www.thetechnologyexpress.com<br />

power to display quickly can now be<br />

easily run on DaaS. IT administrators<br />

can quickly move a virtual machine<br />

from one physical server to another<br />

when the workload on one server<br />

becomes too heavy, preserving the<br />

uninterrupted operation of GPUaccelerated<br />

or graphics-accelerated<br />

software. Any industry that relies on<br />

3D modelling, advanced graphics,<br />

simulations, or video production could<br />

benefit from GPU-accelerated Desktop<br />

service (GPU-DaaS). This technology<br />

has applications in engineering and<br />

design, broadcasting, and architecture.<br />

DaaS<br />

significantly<br />

reduces security<br />

risks because<br />

data is stored in<br />

the data centre. A<br />

laptop or mobile<br />

device that has<br />

been stolen<br />

can easily be<br />

unplugged from<br />

the network.<br />

What is the difference between VDI and<br />

DaaS?<br />

Organizations can remotely host<br />

Desktop operating systems on<br />

endpoint devices from a centralized<br />

server using virtual desktop<br />

infrastructure (VDI). <strong>The</strong> endpoint is<br />

only a means for users to access that<br />

data via the Internet; all data is stored<br />

on the server in the data centre. VDI<br />

requires an IT team with experience<br />

in setting up and managing virtual<br />

infrastructures and a significant<br />

financial investment in the network,<br />

storage and computing infrastructure<br />

in the data centre. Depending on the<br />

number of end users serviced and<br />

the subscription cost, the DaaS model<br />

can be significantly more economical<br />

than setting up a new virtual desktop<br />

infrastructure internally because<br />

cloud service providers cover the<br />

infrastructure setup and management<br />

costs.<br />

Because the endpoint devices<br />

don’t require a lot of processing<br />

power, either VDI or DaaS can help<br />

an organization with many users<br />

save money (most of the processing<br />

is happening in the data centre).<br />

However, providing for a huge user<br />

base necessitates a large IT staff<br />

equipped to deal with any problems<br />

that may arise. Because the DaaS<br />

vendor will handle deployment,<br />

connectivity issues, and other issues<br />

that arise for end users, DaaS enables<br />

a business to operate with a smaller<br />

IT staff.<br />

However, VDI gives an organization’s<br />

IT staff greater control over the<br />

desktop offering and security<br />

compared to DaaS. It may be difficult<br />

for a company to find a DaaS provider<br />

that can fully satisfy all of its<br />

requirements while remaining costeffective<br />

if it has strict or specific<br />

security or application requirements.<br />

Why Desktop as a Service?<br />

Desktop as a Service (DaaS) has<br />

several advantages over conventional<br />

models, including streamlined<br />

management, more flexibility, and<br />

lower total cost of ownership.<br />

Businesses that want to provide<br />

flexible personal device alternatives<br />

and remote work possibilities can<br />

quickly and easily construct a digital<br />

workspace with DaaS. Users may<br />

access their virtual Desktop from<br />

any location and on a wide range of<br />

devices, and their Desktop will always<br />

appear just as it did on their previous<br />

visit from a different location. An<br />

internet connection is all they require.<br />

It is optional for users to manage<br />

back-ups independently or to worry<br />

about data existing on a computer at<br />

the office but not at home because the<br />

data is stored in a centralized, remote<br />

location where it can be continuously<br />

backed up.<br />

-feature@thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 77




Smart home technology can<br />

increase the value of a<br />

property in a challenging<br />

market by providing a<br />

desirable amenity that<br />

prospective buyers may not find in<br />

other homes. Smart home technology<br />

adds convenience and security, as it<br />

can be used to control lights, locks,<br />

and appliances remotely, as well as<br />

monitor activity with motion sensors<br />

and surveillance cameras. Additionally,<br />

many smart home systems can be<br />

integrated with other technologies,<br />

such as home automation and energy<br />

management systems, to further<br />

increase the appeal of the property. By<br />

offering these features, the property<br />

has the potential to stand out from the<br />

competition and attract buyers who<br />

are willing to pay a premium for the<br />

convenience and security of a smart<br />

home.<br />

Why Smart Home <strong>Technology</strong> Now?<br />

1. Smart home technology is<br />

becoming increasingly popular<br />

due to the advances in home<br />

automation and the affordability<br />

of the technology. Smart<br />

home technology can provide<br />

homeowners with a variety of<br />

benefits, including increased<br />

security, convenience, energy<br />

efficiency, and time savings. With<br />

the use of connected devices,<br />

users can control their homes from<br />

anywhere in the world, receive<br />

notifications on their mobile<br />

devices, and automate functions<br />

such as temperature control,<br />

lighting, and security systems.<br />

2. Smart home technology also<br />

provides users with more insight<br />

into how their home is functioning,<br />

allowing them to make better<br />

decisions about energy usage and<br />

other aspects of their home.<br />

3. Early in the new millennium,<br />

home automation technology<br />

was introduced. When it came<br />

to smart homes, the Internet of<br />

Things (IoT) became a topic of<br />

conversation all around the world.<br />

Home automation employing IoT<br />

and connectivity gained popularity<br />

among consumers over time. With<br />

the rise of smartphones, there is a<br />

greater need and desire to manage<br />

smart home devices through a<br />

single app.<br />

4. In 2010, Google Nest released the<br />

first Wireless internet <strong>The</strong>rmostat<br />

on the market. At this point,<br />

mobile apps can be used to control<br />

anything from the kitchen to the<br />

rooms. If there is a leak in our<br />

home, leak sensors can let us<br />

know about it. More effectively than<br />

previously, smart door locks with<br />

78 / <strong>January</strong> <strong>2023</strong><br />


security cameras can reveal who<br />

is at your door and defend your<br />

property.<br />

How Does Smart Home <strong>Technology</strong><br />

Benefits Investors?<br />

1. Increasing the value of their<br />

properties: Smart home technology<br />

can make a house more attractive<br />

and appealing to potential<br />

buyers, allowing investors to<br />

command higher prices when<br />

they decide to sell. Smart home<br />

technology increases the value<br />

of a property by making it more<br />

attractive to potential buyers. It<br />

adds convenience, comfort, and<br />

security to the home, which can<br />

make it more enticing to buyers.<br />

Smart home technology also adds<br />

convenience and efficiency to<br />

the home, which can help reduce<br />

energy costs and increase the<br />

value of the property.<br />

2. Reducing energy costs: Smart<br />

home technology can help investors<br />

save money by automating energysaving<br />

measures, such as turning<br />

off lights and adjusting thermostats<br />

when the home is unoccupied.<br />

Smart home technology can reduce<br />

www.thetechnologyexpress.com<br />

energy costs by automatically<br />

adjusting the home’s temperature,<br />

lights, and other appliances to the<br />

most efficient settings. It can also<br />

notify homeowners when energy<br />

costs are high, so they can make<br />

necessary changes.<br />

3. Reducing maintenance costs: Smart<br />

home technology can help investors<br />

reduce the amount of time and<br />

money spent on maintenance and<br />

repairs by providing real-time<br />

alerts when something needs to<br />

be fixed. Smart home technology<br />

can reduce maintenance costs by<br />

automating routine maintenance<br />

tasks such as changing air filters<br />

and checking for water leaks, as<br />

well as by alerting homeowners<br />

to potential problems before they<br />

become more costly. Smart home<br />

technology can also help track<br />

energy usage and identify areas<br />

where efficiency can be improved,<br />

helping to reduce energy costs.<br />

4. Enhancing security: Smart home<br />

technology can help investors<br />

monitor and control their<br />

properties remotely, providing<br />

an added level of security.<br />

Smart home technology has<br />

revolutionized the way we interact<br />

with our homes. With the use of<br />

sensors, automation, and artificial<br />

intelligence, you can perform tasks<br />

like dimming the lights, controlling<br />

the thermostat, and changing the<br />

music without ever having to leave<br />

the comfort of your couch. Smart<br />

home technology can also make<br />

it easier to monitor your home<br />

security, energy usage, and even<br />

water usage.<br />


In conclusion, smart home<br />

technology can increase the value of<br />

a property in a challenging market<br />

by providing buyers with greater<br />

convenience, enhanced security, and<br />

energy efficiency. With the right smart<br />

home technology, a property can stand<br />

out in a crowded market and increase<br />

its value significantly. Smart home<br />

technology can also help to reduce<br />

costs and maintenance, making it more<br />

attractive to buyers. With the right<br />

investments in smart home technology,<br />

a property can achieve greater value in<br />

a challenging market.<br />

-feature@thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 79




<strong>The</strong> food and agricultural<br />

sector are the largest of<br />

the major industries in the<br />

world. However, the Covid-19<br />

pandemic has abruptly<br />

decreased demand from clients and<br />

consumers and has harmed the food<br />

and agriculture sector.<br />

Consumer traffic within the<br />

restaurant sector has also reduced<br />

due to this decline. Many restaurants<br />

have experienced income losses or<br />

closures, which has had a knock-on<br />

effect on the shipping of food and<br />

beverages, fishing, farming, and other<br />

associated industries.<br />

<strong>The</strong> Rise of Food <strong>Technology</strong><br />

New food technologies have<br />

emerged during the past few months<br />

due to the food and agriculture<br />

industries’ failure to respond to<br />

the crisis. New food technologies<br />

(food tech) innovate in agriculture,<br />

bioenergy, plant-based meat, and<br />

e-commerce to increase productivity<br />

and sustainability (food and grocery<br />

delivery).<br />

Food technology used to be more<br />

convenient, but it is now frequently<br />

required to meet health regulations<br />

and deliver excellent customer<br />

service. Food technology is becoming<br />

increasingly necessary, and as a<br />

result, digital innovators are creating<br />

technologies that improve the global<br />

food sector.<br />

For instance, food technology<br />

like gene editing, bio innovations,<br />

and artificial intelligence frequently<br />

change how the food sector handles<br />

consumers. Food technology has<br />

also changed how businesses often<br />

produce and market food.<br />

A wave of food-tech businesses<br />

has emerged during the past ten<br />

years, encouraging healthy eating<br />

by introducing digital food gadgets.<br />

This has prompted the digitization of<br />

numerous kitchen appliances and the<br />

development of multiple approaches to<br />

80 / <strong>January</strong> <strong>2023</strong><br />


educe and control waste.<br />

As a result, food-tech businesses<br />

work to provide for the demands of the<br />

food and agriculture industries in more<br />

environmentally friendly methods.<br />

Thus, innovations that improve farming<br />

productivity are brought about by<br />

these needs to increase environmental<br />

sustainability.<br />

While many food-tech businesses<br />

support environmental sustainability<br />

by creating farming technology that<br />

increases productivity, other food-tech<br />

companies provide tools that assist<br />

consumers in choosing healthier diets.<br />

People who are concerned about their<br />

health and frequently seek quick and<br />

nutritious food preparation techniques<br />

that support sustainability benefit from<br />

such developments.<br />

<strong>The</strong> Future of Food Tech and<br />

Globalization<br />

As technology advances, consumers<br />

are becoming more conscious of<br />

how their eating habits affect the<br />

www.thetechnologyexpress.com<br />

environment. Due to this, many<br />

consumers are now more aware of<br />

how the food and agriculture sectors<br />

contribute to climate change, which<br />

has caused them to adopt healthier<br />

eating habits.<br />

Our planet is frequently under<br />

significant strain due to people’s<br />

shopping and eating habits, but food<br />

technology is reshaping the global<br />

food market. Food technology makes<br />

it simpler and more affordable for<br />

people to make healthier and more<br />

environmentally sustainable dietary<br />

choices. Globalization can occasionally<br />

make it difficult and expensive for a<br />

person to focus on their health and<br />

consider the impact of their nutritional<br />

choices on the planet.<br />

-feature@thetechnologyexpress.com<br />

Food technology is<br />

becoming<br />

increasingly<br />

necessary, and as a<br />

result, digital<br />

innovators are<br />

creating<br />

technologies that<br />

improve the global<br />

food sector.<br />

<strong>January</strong> <strong>2023</strong> / 81








Our lives have undoubtedly been more accessible due to artificial intelligence in many<br />

ways. With the help of digital assistants like Google Assistant, Siri, Alexa, and others,<br />

we may gain access to a wide range of advantages directly from our devices.<br />

Many sectors of the<br />

modern economy,<br />

including healthcare,<br />

e-commerce, financial<br />

services, etc., are<br />

making the most of AI’s advantages.<br />

Businesses have rapidly expanded<br />

thanks to the technology’s improved<br />

quality, security, and effectiveness.<br />

However, it has been noted that using<br />

artificial intelligence and machine<br />

learning solutions is behind in the<br />

engineering and construction industry.<br />

<strong>The</strong> value of the construction industry<br />

exceeds $10 trillion annually.<br />

<strong>The</strong> construction business’s growth<br />

is significantly constrained due to the<br />

complicated problems it encounters.<br />

Dealing with labour shortages, cost<br />

and schedule overruns, health and<br />

safety concerns, and productivity can<br />

revolutionize the sector.<br />

<strong>The</strong> construction sector has<br />

enormous potential, and it is possible<br />

to increase its economic value to $1.6<br />

trillion annually through digitization. AI<br />

in the construction industry can help<br />

bring about this change.<br />

A report projects that Artificial<br />

Intelligence in the construction market<br />

will bring in $ 2,642.4 million by 2026,<br />

growing at a compound annual growth<br />

rate of 26.3% between 2019 and 2026.<br />

<strong>The</strong> Internet of Things (IoT) and AIrelated<br />

technological developments<br />

will open up more growth prospects<br />

for the engineering and construction<br />

industries.<br />

Understanding AI in Smart Construction<br />

<strong>The</strong> digital transformation of artificial<br />

intelligence in the building sector is<br />

underway. Exploiting the potential of<br />

the construction sector to new levels<br />

requires a focus on technologies like<br />

artificial intelligence and machine<br />

learning at every stage of engineering<br />

and construction, from design to<br />

preconstruction to construction to<br />

operations and asset management.<br />

<strong>The</strong> areas where artificial intelligence<br />

in the construction industry is making<br />

a significant difference by completing<br />

work faster and more affordably.<br />

<strong>The</strong> construction industry’s planning<br />

and designing section is anticipated<br />

to profit the most. <strong>The</strong> European<br />

construction market is expected to<br />

increase at the fastest rate globally.<br />

This technical change is expected<br />

to positively affect all project<br />

stakeholders, including owners,<br />

contractors, and service suppliers.<br />

It is even more crucial for the<br />

construction industry to adapt to the<br />

digitization of the processes now that<br />

other neighbouring industries like<br />

transportation and manufacturing<br />

have already begun to function as an<br />

ecosystem.<br />

<strong>The</strong> companies that upgrade the<br />

technology will benefit because<br />

the technological transition in the<br />

engineering and construction industry<br />

is still in its infancy. With artificial<br />

intelligence in construction, companies<br />

can comfortably tackle current issues<br />

while avoiding past mistakes.<br />

With the use of statistical techniques<br />

of machine learning in construction, it<br />

becomes much more convenient and<br />

less time-consuming to scrutinize the<br />

82 / <strong>January</strong> <strong>2023</strong><br />


This technical change is expected to positively affect all<br />

project stakeholders, including owners, contractors, and<br />

service suppliers. It is even more crucial for the construction<br />

industry to adapt to the digitization of the processes now<br />

that other neighbouring industries like transportation and<br />

manufacturing have already begun to function as an<br />

ecosystem.<br />

data of changed orders, information<br />

requests, etc. This will assist in<br />

warning the project managers about<br />

issues that require urgent attention.<br />

Additionally, safety monitoring may be<br />

carried out more effectively.<br />

How AI can boost Smart Construction<br />

Companies that want to maintain<br />

their competitive advantage should<br />

improve their technology as soon as<br />

possible. AI integration can enable<br />

smart construction. Let’s examine<br />

the importance of AI in the building<br />

industry:<br />

• Enhance Project Design Process<br />

with AI-powered Insights<br />

Construction design is currently<br />

done in an old-fashioned and slow<br />

manner. You can improve the design of<br />

your project by using information from<br />

building, material, and environmental<br />

data.<br />

• Integrate AI Automation in the<br />

Project Management Workflow<br />

<strong>The</strong> tasks involved in the building<br />

process are laborious, timeconsuming,<br />

and prone to error<br />

when done manually. Most of the<br />

project manager’s time is spent<br />

allocating tasks and maintaining staff<br />

information.<br />

However, many of these repetitive<br />

operations that can be completed with<br />

little to no error can be automated<br />

by artificial intelligence. Based on<br />

the information gathered from the<br />

employees, task delegation can also<br />

be automated by AI. This speeds up<br />

the workflow process and motivates<br />

employees to concentrate on their<br />

areas of specialization.<br />

• Collecting and Analyzing the Data<br />

www.thetechnologyexpress.com<br />

Collected from the Job Site<br />

Data can be gathered in various<br />

formats using construction equipment<br />

with AI capabilities or camera-enabled<br />

robots. <strong>The</strong>se facts can automatically<br />

categorize the project’s progress from<br />

various angles by feeding them into the<br />

deep neural network.<br />

Such information enables<br />

management to identify and address<br />

even the smallest error or problem<br />

early on, preventing more serious<br />

problems from developing later.<br />

• Increase Productivity with AI-driven<br />

Vehicles<br />

Self-driving construction equipment<br />

can quickly and effectively complete<br />

repetitive tasks like welding,<br />

bricklaying, and concrete pouring.<br />

For pre-work and excavation, you<br />

can use automated or semi-automatic<br />

bulldozers. <strong>The</strong>se machines carry<br />

out the task precisely in accordance<br />

with the specifications once the<br />

exact specifications are fed into<br />

them. You can decrease the risks to<br />

people involved in performing these<br />

tasks while freeing up your human<br />

workforce for construction work.<br />

• Perform Land Surveys and Mapping<br />

with Geospatial AI and Drones<br />

In-depth land surveys and aerial<br />

photography of the job site can be<br />

completed in a significantly shorter<br />

time for better project management.<br />

Drones can help you monitor project<br />

progress and problems on the job site.<br />

Geospatial information systems (GIS)<br />

and artificial geospatial intelligence<br />

(GeoAI) will empower you with better<br />

decision-making for effective project<br />

management.<br />

Future of AI in Construction<br />

As technology advances, Cobots<br />

and robots will work alongside<br />

humans in the construction business.<br />

Robots replace the jobs that can be<br />

mechanized, and cobots are made<br />

to operate alone or with minimal<br />

supervision.<br />

A similar setup would speed up<br />

construction, lower costs, prevent<br />

accidents, and improve decisionmaking.<br />

AI in construction will solve<br />

the labour shortage problem and<br />

change business models, decrease<br />

costly errors, and improve building<br />

operations. Business executives at<br />

construction companies are thus<br />

advised to concentrate on investments<br />

based on areas where AI can have the<br />

greatest impact based on needs.<br />

Early adopters of this digital<br />

transformation will undoubtedly<br />

overtake their competitors in the<br />

market. Gaining an edge will position<br />

them as leaders who can set the<br />

course and benefit in the short and<br />

long term.<br />

Final Thoughts!<br />

AI has been gaining traction<br />

in construction, from planning to<br />

designing to building. In construction,<br />

AI will oversee the entire project and<br />

guide risk management, schedule<br />

adherence, structural integrity, and<br />

other important topics. Utilizing AI’s<br />

potential in the construction industry<br />

will increase profits while lowering<br />

risks and injuries.<br />

-feature@thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 83



FREE-FOR-ALL IN <strong>2023</strong>, SOPHOS<br />

REPORT<br />

According to a recent threat<br />

landscape assessment,<br />

cybercriminals have<br />

packed ransomware and<br />

other malware tools into<br />

as-a-service offer that are so simple<br />

to use that even rank beginners<br />

will be able to conduct devastating<br />

cyberattacks in <strong>2023</strong> for practically no<br />

money.<br />

With the growth of cyber-crimeas-a-service<br />

[CCaaS], ransomware,<br />

once the domain of sophisticated<br />

gangs, has become so simple to deploy<br />

that “almost all barriers to entry for<br />

committing cybercrime [have been]<br />

erased,” the security company Sophos<br />

said in the release of its new <strong>2023</strong><br />

Threat Report.<br />

Sean Gallagher, the principal threat<br />

researcher at Sophos, cautioned that<br />

“this isn’t just the usual fare, such as<br />

malware, scamming, and phishing kits<br />

for sale,” warning that “nearly every<br />

aspect of a cybercriminal compromise”<br />

can be purchased on an as-a-service<br />

basis from underground marketplaces,<br />

including infecting targets initially,<br />

avoiding detection, harvesting sensitive<br />

data, and managing devastating<br />

ransomware attacks.<br />

Higher-rung cybercriminals are<br />

now offering other cybercriminals<br />

“technologies and skills that were<br />

previously only available to some of<br />

the most sophisticated attackers,”<br />

according to Gallagher.<br />

<strong>The</strong> Cobalt Strike penetrationtesting<br />

kit, for instance, is used by<br />

attackers to hide their activities,<br />

according to recent “OPSEC-as-aservice”<br />

advertisements seen by<br />

investigators. Because this practice is<br />

so problematic, Google released a set<br />

of tools to assist potential victims in<br />

identifying Cobalt Strike infections in<br />

their networks.<br />

Cybercriminals have long<br />

outsourced skills like scanning-as-aservice,<br />

combining commercial tools<br />

like Metasploit to scan targets for<br />

exploitable vulnerabilities since they<br />

constantly seek methods to scale up<br />

their operations.<br />

Sophos highlights the “naughty nine”<br />

rogue’s gallery of CCaaS services,<br />

which can be rented and include<br />

access, malware, phishing, operational<br />

security (OPSEC), crypting, scamming,<br />

spamming, and even vishing, in which<br />

AI bots handle victim calls.<br />

Painting the cyber landscape for <strong>2023</strong><br />

Access to the CCaaS services is<br />

likely to turn into stocking stuffers<br />

for the cybercriminal with everything<br />

because extensive and sophisticated<br />

credential theft and other cyberattacks<br />

are readily available to anyone for a<br />

few dollars.<br />

This indicates that by <strong>2023</strong>,<br />

businesses will be increasingly<br />

targeted by novice cybercriminals<br />

84 / <strong>January</strong> <strong>2023</strong><br />


acting with lethal efficacy.<br />

According to a recent Rubrik Labs<br />

study of 1,625 IT and security decisionmakers,<br />

125 of whom were located in<br />

Australia; the threats are severe. <strong>The</strong>y<br />

could get worse if attack tools become<br />

more widely available.<br />

Australian respondents indicated<br />

they learned about cyberattacks on<br />

their company 31 times on average in<br />

the previous year, with 64% reporting<br />

they had experienced a data breach.<br />

That was far higher than the global<br />

average of 52%, supporting recent<br />

findings that Australian boards of<br />

directors are the least cyber-aware<br />

globally.<br />

Despite efforts to change this<br />

by organizations like the federal<br />

government and the Australian<br />

Institute of Company Directors (AICD),<br />

as well as industry commitments to<br />

improve security generally, many local<br />

businesses are likely to enter <strong>2023</strong><br />

on the back foot due to a persistent<br />

shortage of cyber security talent.<br />

73% of Rubrik respondents stated<br />

they would consider paying a ransom,<br />

including 47% who said they would be<br />

“very” likely to do so, suggesting that<br />

even petty cybercriminals could benefit<br />

from a minor investment in CCaaS.<br />

However, Sophos identified several<br />

other important issues that must be<br />

resolved before <strong>2023</strong>.<br />

Sophos highlighted that the<br />

innovation of cybercriminals had no<br />

bounds, noting that the conflict in<br />

Ukraine had sparked an explosion<br />

of financially motivated scams and<br />

disrupted illicit relationships between<br />

Russian and Ukrainian criminal<br />

organizations.<br />

Mobile devices “are now at the<br />

centre of new types of cybercrimes,”<br />

the company warned, noting the rise<br />

in fake applications for distributing<br />

malware injectors, spyware, and<br />

malware related to banking, as well as<br />

newer “pig butchering” schemes that<br />

target cryptocurrency bigwigs.<br />

Cybercriminals were also improving<br />

their “living off the land” strategies,<br />

which involved using reliable and<br />

unobtrusive network tools to get<br />

through network security monitors and<br />

infect computers with malware.<br />

As a result of organizations like<br />

Lockbit 3.0 implementing continuous<br />

improvement techniques like bug<br />

bounties, according to Gallagher,<br />

“ransomware has become, first and<br />

foremost, a business.”<br />

<strong>The</strong> threat landscape is impacted<br />

by the commoditization of almost<br />

every aspect of cybercrime, creating<br />

opportunities for attackers of all skill<br />

levels.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 85


EVERY DAY, SOME 350,000<br />



According to the AV-TEST Institute, 350,000 malware,<br />

unwanted programmes, and viruses are found daily. <strong>The</strong> sum<br />

exceeded 1.19 billion in 2021.<br />


GOOGLE.<br />

Google and the goat-herding business<br />

California Grazing agreed to a deal in 2009<br />

as part of an endeavour to lower carbon<br />

emissions. Since then, 200 goats have been<br />

munching the grass and bushes outside the<br />

Mountain View offices each year.<br />



<strong>The</strong> N1 magic headphones from Noveto will startle you if<br />

nothing else has. <strong>The</strong>se indiscernible headphones eliminate<br />

the need for irritating earbuds because they resemble a<br />

small soundbar that sits level on your desk.<br />




According to internet statistics, as of June<br />

30, 2022, there are more than 5.47 billion<br />

active internet users worldwide.<br />



Actually, 90% of those who took part in the MIT experiment<br />

grinned when they were frustrated.<br />

But as you are aware, a joyful smile differs from a<br />

dissatisfied smile, and the Massachusetts Institute of<br />

<strong>Technology</strong> has developed a computer that can distinguish<br />

between the two.<br />




Facebook, Twitter, and Instagram are some<br />

of the most well-known players in the social<br />

media sector.<br />


THAN 1.93 BILLION.<br />

Have you ever pondered the sheer volume of web pages<br />

available online? Over 1.93 billion websites exist right now,<br />

and more are being added every second.<br />



Many people experience various phobias.<br />

Some people are afraid of spiders, while<br />

others are afraid of thunderstorms or the<br />

taxman. However, a lot of individuals also<br />

fear technology. In fact, technophobia is a<br />

term for it.<br />

86 / <strong>January</strong> <strong>2023</strong><br />





T<br />

he marketing technology<br />

available now is<br />

tremendously strong and<br />

will only get stronger. Does it<br />

need to drive your marketing?<br />

Has marketing technology merged<br />

with marketing? <strong>The</strong> short answer<br />

is no, or at least not yet. Marketing<br />

technology is only one aspect of<br />

marketing.<br />

MarTech is becoming a common<br />

term in our language. Google claims<br />

that just in the United States, searches<br />

are performed over 10,000 times<br />

every month. However, MarTech and<br />

Marketing <strong>Technology</strong> can mean<br />

various things in this context.<br />

What is Marketing <strong>Technology</strong><br />

(MarTech)?<br />

“Marketing technology,” or “MarTech,”<br />

refers to various software and devices<br />

that help marketers accomplish their<br />

goals and objectives. <strong>The</strong> marketing<br />

technology stack is the collection of<br />

marketing technologies a marketing<br />

team uses. MarTech has established<br />

itself as a mainstay in digital marketing<br />

campaigns, but it can also be utilized<br />

to improve marketing initiatives in any<br />

marketing channel.<br />

Where Does Marketing <strong>Technology</strong><br />

Fit into Marketing?<br />

Marketing technology refers to<br />

marketers’ methods and tools to<br />

organize, carry out, evaluate, and<br />

improve their marketing efforts.<br />

<strong>The</strong>re is nothing that marketing does<br />

that marketing technology does not<br />

assist; it is the great enabler for all<br />

the marketing operations mentioned<br />

above.<br />

<strong>The</strong> marketing technology available<br />

now is tremendously strong and will<br />

only get stronger:<br />

• Deliver deep insights into the<br />

behaviour of prospects and customers.<br />

• Recommend and map customer<br />

journeys.<br />

• Enable personalization at scale.<br />

• Optimize campaigns to improve<br />

performance.<br />

• Engage in “conversations” with<br />

customers.<br />

And that’s only the very beginning!<br />

With all these features, it’s becoming<br />

simpler to fall into the misconception<br />

that marketing technology is the core<br />

of marketing. We can see some lineblurring<br />

in discussions, publications,<br />

and industry charts.<br />

<strong>The</strong> risk with this way of thinking is<br />

that marketing becomes a collection of<br />

technologically based strategies that<br />

need to be connected to a larger plan.<br />

We end up losing, if not destroying, our<br />

relationship with our customers. It’s<br />

far too simple to become preoccupied<br />

with conversion numbers and their<br />

optimization at the expense of<br />

considering the human factor. It doesn’t<br />

follow that we should send 10,000<br />

highly personalized and perfectly<br />

targeted emails daily just because<br />

we can. <strong>The</strong> belief that marketing<br />

technology is the core of marketing<br />

results in technology priorities being<br />

more influenced by optimization and<br />

tactical functionality than by marketing<br />

strategy and objectives, resulting in<br />

a disconnect that ultimately impacts<br />

marketing performance.<br />

Martech Can’t Replace Customer<br />

Relationships<br />

Currently, marketing technology<br />

cannot create a marketing and<br />

brand strategy or take the place of a<br />

company’s efforts to build relationships<br />

with its clients. And yes, I am fully<br />

aware that AI-driven technology may<br />

eventually play a role in these matters,<br />

as demonstrated by the new content<br />

creation tools. Still, for the foreseeable<br />

future, it will provide an assist, not<br />

a replacement for the original ideas<br />

generated by the marketing team or<br />

for human connections with prospects<br />

and clients.<br />

-feature@thetechnologyexpress.com<br />

www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 87



We make Short / Long Term<br />

Investments in Growing Businessess<br />

www.wasayainvestments.com<br />

88 / <strong>January</strong> <strong>2023</strong><br />


www.thetechnologyexpress.com<br />

<strong>January</strong> <strong>2023</strong> / 89

90 / <strong>January</strong> <strong>2023</strong><br />


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