Chinese phone and telecom equipment maker Huawei has bought UK-based internet-of-things startup Neul for US$25 million, according to Business Weekly . Rather than the wearables and home appliances that we often associate with the internet-of-things movement, Neul focuses on smart city and industrial applications – it makes the sensors that can be used in oil and gas refining, agriculture, transportation, construction, healthcare, and utilities.
NEW DELHI, INDIA: In order to deliver the government’s vision of transforming India into a superpower by empowering, connecting and binding Indian citizens, Dr Arvind Gupta – national head – Information and Technology, Bharatiya Janata Party elaborated the need to focus on leveraging Information Technology to build Smarter Cities in India. Dr. Gupta emphasized his views during an address on Urban Matters at the SAP Forum for Public Services in New Delhi, August 13, 2014.
Research and consulting firm MarketsandMarkets, Inc. released a new report entitled “Smart Cities Market – Worldwide Market Forecasts and Analysis (2014 – 2019)” which defines and categorizes smart cities into various sub-segments of technologies, solutions, services and regions with in-depth analysis and forecasting of revenues.
Today at the Asian Utility Week conference, Silver Spring Networks, Inc. (NYSE:SSNI) announced an expanded relationship with EDMI Ltd., a global smart meter solution provider, to offer smart city and smart energy solutions in several new regions. Following the successful first phase of deployment with the Singapore Power Group, Silver Spring and EDMI will offer their integrated solutions in Australia and New Zealand, Europe and Southeast Asia. Through the expanded relationship, Silver Spring will also leverage EDMI devices as control nodes to help manage and monitor intelligent street lights as part of the Silver Spring Smart City Solution.
A four-year $490 million Government trial of the use of smart technologies in the energy sector has found the country could reap $28 billion in net economic benefits over the next 20 years if the devices were rolled out nationally. A report released yesterday by Industry Minister Ian Macfarlane – written by four local consultancy firms – analysed the results of the Smart Grid, Smart City project and found the use of such technologies could result in consumers paying hundreds of dollars less a year through reduced energy usage.
The list of problems facing contemporary city dwellers and officials in Asia Pacific includes rapid urbanization, stressed city finances, inadequate infrastructure, rising energy costs, congested transportation, climate change, and competition for global investment and skilled labor, all of which place unprecedented demands on cities. Emerging intelligent systems, however, promise solutions, and cities across the region are starting to implement them. Click to tweet: According to a new report from Navigant Research, cumulative investment in smart city technology in Asia Pacific will total $63.4 billion during the period from 2014 to 2023.
SHENZHEN, China, Feb. 3, 2014 /PRNewswire/ — China Information Technology, Inc. (“CNIT” or the “Company”) (Nasdaq: CNIT), a leading provider of integrated cloud-based solutions in digital education, smart family and business, public information release, and other information technology solutions in China, today announced the Company has founded the CNIT Smart City Research Institute (the “Institute”), and established solid and long-term industry-university relations with several top universities in China including Peking University, Nanjing University, Huazhong University of Science and Technology and Wuhan University.