Asia-Pacific will be home to 10 smart cities by 2025, more than half of which will be in China, said Frost & Sullivan. Urbanisation and demand for city services, ICT penetration, a rising middle class, and the need to improve quality of life have driven demand for smart cities in Asia Pacific.
“Several government agendas in this region are driving the building of smarter cities in Singapore, Japan, China, and South Korea,” said Hazmi Yusof, managing director, Malaysia and senior vice president, Frost & Sullivan.
“Investments are expected to grow from US$55.6bn in 2013 to $260bn in 2020,” he said. “Eight emerging cities also have standalone smart city projects, which when scaled-up, can achieve smart city status by 2030 and beyond.”
Smart cities are built on “smart” and “intelligent” solutions and technology that focuses on managing and improving its citizens’ lives in a responsible and sustainable manner. The pace of urbanisation in the region is prompting governments to take the “smart” journey.
Technology and governance will be the key enablers for participants in this ecosystem, said Frost & Sullivan. Smart cities will emerge as Big Data hubs, with data from sensors and networks collected, analysed, and monitored in real-time by a central monitoring command centre. This will be used to optimise and streamline city operations and resolve issues in real-time.
Communication service providers and network service partners play a key role in forming the technological backbone to roll-out smart cities,” Hazmi added. “Singtel in Singapore and Telstra in Australia laid out $500m and $100m respectively, to enable smart city technology platforms and infrastructure. Telekom Malaysia plans to build a data centre and provide cloud computing and smart services in a technology park.
“Connectivity will be a key enabler while designing an omni-channel experience platform across all touch points including online and mobile. Data from sensors will enable new technologies to integrate softer aspects, such as customer perception and citizen awareness,” he added.
Hazmi presented his insights on global smart cities and the opportunities they offer at the Invest Iskandar Malaysia 2017 Symposium in Forest City, Johor on 4 October. For more information, visit http://iskandarmalaysia.com.my