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.