Multinational corporation Philips, the global leader in lighting and Cisco , the worldwide leader in IT, today announce a global strategic alliance that will create new value in energy savings, building efficiency and employee productivity, made possible by the Internet of Things (IoT) in modern offices. This alliance brings together Philips’ LED based connected lighting system with Cisco’s IT network to address a global office market estimated to be worth EUR 1 billion.

Value for Dubai

Two aspects to think about for cities like Dubai come to mind when reading about billion Euro deals as this one between Cisco and Philips: firstly, the aspect of connected, smart lighting, which supports personal well being and bears enormous economic benefit; and, secondly, the huge value of the private-private-partnership setting out to create sustainable impact.