2-Minute Read

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10 steps to build a smart city

Every city has its own needs to be a smart city. For any city seeking to become smarter, here are the 10 steps to consider.

https://www.theguardian.com/public-leaders-network/2015/aug/06/10-steps-to-building-a-smart-city
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First geospatial industry centre in Southeast Asia

First geospatial industry centre has been set up in Southeast Asia. Nowadays, some mobile apps like food delivery, ride-hailing firms and drone-flight programming platforms all use geospatial technology, which deals with location-based data. Moreover, the centre will support the startups by providing open data compiled by the Government and expertise from more established companies.


https://www.channelnewsasia.com/news/business/geotech-start-up-singapore-geospatial-geoworks-sla-10534824

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Most Valuable Chinese Brands Ranking 2018

According to the 2018 BrandZ™ Top 100 Most Valuable Chinese Brands rankings, a technology giant has retained the coveted title of China’s most valuable brand for a fourth consecutive year, achieving a brand value of US$132.2 billion, a 25% year-on-year increase.

 

http://www.millwardbrown.com/brandz/top-chinese-brands

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Smart Mobility: Smart Parking Solution in City of Liège in Belgium

The city of Liège in Belgium is carrying out a smart parking solution over narrowband-Internet of Things (NB-IoT) technology which is being launched by a startup. This solution aims to assist commuters to find available parking space via a mobile application while stimulating shopping activities through increased vehicle rotations at each spot. Also, it makes use of low-power wireless sensors and open-data applications that serve residents, retailers and municipalities.

 

https://www.smartcitiesworld.net/news/news/liege-launches-smart-parking-3077

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Belt & Road Initiative

The Belt and Road initiative has 2 main prongs: one is called the ‘Silk Road Economic Belt’ (the belt) and the other the ‘21st Century Maritime Silk Road’ (the road). It is a significant development strategy launched by the Chinese government with the intention of promoting economic co-operation among countries along the proposed Belt and Road routes. HK, being the world’s freest economy and China’s most international city, is destined to play a significant role in this initiative.

 

https://beltandroad.hktdc.com/en/belt-and-road-basics

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The Future of Retail Industry – The “O” Word

Retailers shall embrace online grocery in 2018 because of low customer acquisition cost and cross-sell of the internet companies. Technologies such as VR, AR and gamification will be used to improve customer engagement. Experiential shopping will be a trend in Asia. It is predicted that 50% of retailers will have adopted an omni-channel commerce platform by 2019. 

 

https://www.enterpriseinnovation.net/article/2018-retail-predictions-and-impact-technology-336295620

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Global Distribution of AI Startups

Artificial intelligence (AI) is deemed to become one of the century's main drivers of economic competitiveness. In this field, startups have become the most powerful drivers of innovation. The United States has established leadership with nearly 40% of all AI startups located in the country. Europe ranks second, ahead of China and Israel…

 

https://www.rolandberger.com/en/Media/AI-startups-as-innovations-drivers-Europe-must-take-action-to-establish-a-compe.html

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The World’s Most Valuable Brands 2018

Recently, Top 100 Most Valuable Global Brands ranking and report has been just released. It showed the global scale of technology has taken over fast. Today, the top 5 brands by value are all tech-related.

 

http://www.millwardbrown.com/brandz/top-global-brands

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Smart Economy : Payment Decisions Made by A.I.

About 28% of payments to smaller firms in Scotland are late. A London-based start-up uses artificial intelligence technology to calculate a buyer's likelihood of paying invoices and to decide which invoices to pay. 

http://www.bbc.com/news/uk-scotland-scotland-business-42552982

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Smart Mobility : Tougher Conditions Produce Smarter Technologies?

Moscow is one of the worst cities in the world for drivers because of the gnarly road planning, terrible weather and reckless habits. It however gives Russian developers an edge to build an autonomous driving system with the local dashcam videos. People believe tougher conditions produce smarter technologies.

 

https://www.theguardian.com/technology/2018/jan/02/moscow-russia-self-driving-car-challenge-hackathon?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+main+NEW+H+categories&utm_term=259009&subid=24559265&CMP=EMCNEWEML6619I2

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Top 4 Smart Cities Predictions

The number of smart city projects grew by 64% year-on-year, according to IHS Markit.  It also predicted four major trends of smart city market, including

  • public and private initiatives addressing the funding issues;
  • emerge of smart city platform;
  • new wave of technologies such as AI, edge computing, drones and blockchain rises on top of the IoT and smart city are entering into the smart home.


https://technology.ihs.com/598717/ihs-markit-reveals-the-top-four-smart-cities-predictions-for-2018-and-beyond

http://news.ihsmarkit.com/press-release/technology/ihs-markit-reveals-top-four-smart-cities-predictions-new-year

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How standards can assist the development of smart cities?

International standard bodies such as ISO, IEC, ITU are helping smart city development by providing framework, guidelines and measures. ISO 37101 aims to develop and implement management systems in sustainable development. IEC International Standards helps defining reliable electricity access, and standardised hardware and software for building an efficient urban infrastructure, and ITU-T Study Group 20 for IoT and ensure the openness and interoperability of smart city's ICT systems.

 

https://cities-today.com/how-standards-can-assist-the-development-of-smart-cities/

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Smart Environment in the US

At least 50 cities in the US have already committed to 100% renewable energy goals. Cities powered by 100% clean energy help taxpayers to save money, create good jobs and foster a better quality of life. The growing momentum is largely fueled by the widening range of cost-effective renewables options and the threat of selling less power to the utility. Many utilities are now offering green pricing programs, community renewable energy programs and bilateral contracts through green tariffs. If utilities do not cooperate, cities could support independently-developed solar projects, help large corporate customer obtain power purchase agreements (PPAs) for renewables and supporting the emergence of Community Choice Aggregation (CCA). CCAs enable the city to buy power wholesale and use the utility's wires to deliver the energy.

 

https://www.smartcitiesdive.com/news/how-utilities-are-coping-with-100-renewable-energy-goals/512958/

https://www.sierraclub.org/sites/www.sierraclub.org/files/blog/RF100-Case-Studies-Cities-Report.pdf

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Smart Government : Blockchain Platform for e-Voting in Moscow

Moscow has piloted blockchain platform for e-voting in the Active Citizen Project. Through blockchain every vote becomes a smart contract which is publicly viewable and transparent. This would allow real-time vote counting and verification of result authenticity. Once the vote is placed, it will be listed in a ledger consisting of all votes taken place across a peer-to-peer network. It prevents data loss or alternation and accordingly fraud or third-party interference.

 

https://www.finextra.com/pressarticle/71806/moscow-to-pilot-blockchain-platform-for-e-voting

https://www.siliconrepublic.com/enterprise/moscow-blockchain-e-voting

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Smart Living : 8 Ways AI will Transform our Cities by 2030

A panel of experts in AI, law, political science, policy and economics, has gathered to assess the current state of AI and its future, under the study called ‘One Hundred Year Study on Artificial Intelligence’. 

 

Domain

Foreseeable by 2030

Transportation

  • AI-guided transport : Self-driving vehicles like cars, trucks, delivery drones and personal robots
  • Cars as a service’ to replace car ownership
  • Data from sensors for city infrastructure design

Home and Service Robots

  • Systems-on-a-chip boosting robots’ on-board computing capacity
  • Cloud-connected robots

Healthcare

  • Diagnostics automation
  • Personalized medicine
  • Intelligent walkers, wheelchairs and exoskeleton
  • Smart home technologies

Education

  • Massive open online courses (MooCs)
  • AI-enabled educations systems
  • Online teaching
  • Sophisticated virtual reality
  • Smarter digital reading devices

Low-resource Communities

  • Predictive analytics for resources allocation
  • AI Planning for excess food distribution

Public Safety and Security

  • Automatic processing of CCTV and drone footage
  • Speech and gait analysis

Employment and Workplace

  • Replace tasks of skilled professionals like lawyers, financial advisers, and radiologists

Entertainment

  • Virtual reality, haptics and companion robots into home
  • Next level of Personalized entertainment
  • Creating own entertainment

 

https://singularityhub.com/2017/11/25/8-ways-ai-will-transform-our-cities-by-2030/#sm.0000si2174153zdd4qmw2doa81hih

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Smart Economy : 70 Years of VC Innovation

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The Smartest Cities in The World

“New York (1), London (2) and Paris (3) once again this year grace the podium as the smartest cities on the planet, according to the fifth edition of the IESE Cities in Motion Index (CIMI), which measures progress and sustainability around the globe. The Index analyzes the level of development of 165 cities from 80 countries in nine dimensions considered keys to progress: economy, human capital, social cohesion, environment, governance, urban planning, international outreach, technology, and mobility and transport.….”

 

https://www.iese.edu/en/about-iese/news-media/news/2018/may/new-york-london-paris-firmly-established-smartest-cities/

http://citiesinmotion.iese.edu/indicecim/?lang=en

https://www.iese.edu/research/pdfs/ST-0471-E.pdf

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Smart Living – Health tech trends

Some upcoming health apps and technologies are demonstrated in the Consumer Electronics Show (CES). Samsung's C-Lab programme includes GoBreath (a solution for patients of lung damage) and Relumino (a smart glasses for those with visual impairments). The technology of DNA Nudge uses DNA from saliva to provide personalized dietary advice. GoBe2 can track a wearer's calorie intake automatically by monitoring the volume of special cells in the bloodstream. Olea Sensor Networks shows contactless and remote vital sign monitoring while Nokia made an internet-connected pad called Nokia Sleep to analyze sleep patterns and informing sleep quality.

 

https://www.digitalhealth.net/2018/01/ces-2018-roundup/

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Smart Economy – Hong Kong: dual-class shares to attract tech IPOs

Hong Kong is expecting a total market capitalization of around $500 billion IPO from Chinese technology firms in 2018 and 2019. Smartphone maker Xiaomi and wealth management platform Lufax are the hottest names. Hong Kong has announced plans to allow dual-class shares in order to compete with New York in attracting tech firms.

 

https://www.reuters.com/article/us-asia-ipo/hong-kong-eyes-blockbuster-china-tech-ipo-queue-led-by-xiaomi-idUSKBN1EN02Y

 

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Smart Economy – Regtech in the U.S.

Instead of 'sandbox' approach to regulate fintech, US Commodities Futures Trading Commission (CFTC) initiates 'LabCFTC‘ to promote responsible fintech innovation. It is rather a forum for fintech firms, CFTC specialists and market participants. LabCFTC also outlines the core components for regulatory engagement with fintech innovations: (i) a dedicated point of contact for fintech innovators to engage with the CFTC called 'Guide Point',  (ii) a 'CFTC 2.0' that can learn and test new technology and (iii) 'DigitalReg' helps to identify and develop regulatory tools, approaches, and culture so as to serve as an internal resource to help educate CFTC staff on fintech-related developments.

https://www.reuters.com/article/bc-finreg-sanboxes-labcftc-fintech-engag/insight-sandboxes-vs-labs-labcftc-offers-blueprint-for-regulatory-engagement-with-fintech-idUSKBN1EC2IW


 

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Smart Living - Is food tech the future of food?

Biotech is not just reserved for producing expensive drugs but also commodity products like food now. Foodtech startups use a biotech process called fermentation that modifies yeast or bacteria genetically and feed those sugars to produce protein.

 

http://fortune.com/2017/12/19/fermentation-food-tech-milk-gelatin/


 

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Smart Living - Socialtech: a framework for not-for-profits and funders

The social design charity SHIFT develops a model called Progressively, which provides a framework for not-for-profits and funders that want to develop social technology. It addresses usual funding issues through the middle stages of development.

 

https://www.thirdsector.co.uk/social-good-technology-initiative-begins/digital/article/1452973


 

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Smart Mobility - Demand-based parking price program at San Francisco

San Francisco has become the first U.S. city to implement demand-based parking price program citywide to every meter and city-owned lots and garages. Meter pricing are set block by block and changing throughout the day to reflect peak/off hours. The program is expected to decrease traffic congestion, greenhouse gas emissions and driver’s time looking around for spots, as well as increasing parking turnover.

 

https://nextcity.org/daily/entry/san-francisco-demand-based-pricing

https://www.smartcitiesdive.com/news/san-francisco-rolls-out-citywide-demand-based-parking-prices/512731/


 

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Smart Economy - Wealth tech: a market poised for extended growth

Technology revolution has entered into the traditional wealth management space for the new-age customer needs, e.g. automated re-balancing, competition from digital players like robo-advisor as well as the stringent reporting requirement. Technological capabilities are basically acquired through acquisitions, technological collaborations, and corporate venture investments. Partnership between emerging wealthtech players with larger institutions shall be the way forward.

http://www.bankingtech.com/2017/11/wealthtech-a-market-poised-for-extended-growth/


 

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Smart People - The future of equity in smart cities

According to new research from the National League of Cities, technological growth in cities can affect resource gaps in the areas of infrastructure, economic development and public safety. Autonomous vehicles, cryptocurrencies, and body worn cameras each could have unintended consequences on vulnerable populations such as job loss, industry disruption, disparity in growth between unskilled and skilled jobs etc. Cities have to take equity consideration into their smart city plan.

http://statescoop.com/report-urges-cities-to-consider-equity-as-they-adopt-emerging-tech


 

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Smart Living – Medtech: New surgical robots are about to enter the operating theatre

Surgical robots are poised for big gains in operating rooms around the world. Within five years, one in three U.S. surgeries - more than double current levels - is expected to be performed with robotic systems, with surgeons sitting at computer consoles guiding mechanical arms. Companies developing new robots also plan to expand their use in India, China and other emerging markets.

https://www.scientificamerican.com/article/new-surgical-robots-may-get-a-boost-in-operating-rooms/


 

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Smart Economy - Travel tech startups taking Europe by storm

A total of 200 travel tech businesses attracted £2.5 billion of funding in 2016, according to CB Insights. Seven travel tech startups in Europe are highlighted. Hotelchamp helps hotels to secure control on customer relationships. TravelPerk is a booking and management platform for business travel. VizEast is a social eating platform connecting local hosts and travellers. Stratajet improves efficiency of private jet operators. And Gopili becomes a multi-modal travel search engine in Europe. Medigo helps consumers to book healthcare abroad while Zizoo is the global boat rental platform and community.

https://www.forbes.com/sites/davidprosser/2017/09/06/seven-travel-tech-start-ups-taking-europe-by-storm/#64a83ef67761


 

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Smart Environment: IoT for Natural Disasters

Use of technology like IoT helps cities to prepare for natural disasters. IoT sensors can relay information about their surroundings directly to government agencies and emergency teams for urgent decisions. The sensor data is combined with Census-verified demographic and relevant third-party data to provide an even clearer picture of the situation. If the communication between the mobile devices of an at-risk area’s residents and IoT sensors in the field can be established, the response team can generate a data-backed automated response. In addition, the sensor data can be used for coordination, analytics, outreach strategies, and on-the-ground tactics.

https://hbr.org/2017/12/how-the-internet-of-things-can-prepare-cities-for-natural-disasters


 

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Smart Mobility: Aerial Taxi Service by 2020

Uber announced the addition of Los Angeles, besides Dallas-Fort Worth and Dubai, to pilot its aerial taxi service by 2020 (project Elevate). It has also signed a Space Act Agreement with NASA to create a new air traffic control system to manage these low-flying, possibly autonomous aircraft which is able to take off and land vertically from rooftop. In order to secure a fully functional and affordable flying taxi service, Uber has been partnering with aircraft manufacturers, real estate firms and regulators.

https://www.theverge.com/2017/11/8/16613228/uber-flying-car-la-nasa-space-act


 

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6 trends to define smart cities in 2018

Several smart city trends are expected in 2018. Renewed focus on inclusivity and equity that prevent divisive strategies in smart city planning.  Electric vehicle infrastructure will be expanded through incentives and regulations. High-speed 5G network will support the connected sensors and IoT devices. Cybersecurity in IoT will become a challenging issue to individuals, businesses and municipalities. Promised to bring security and transparency, blockchain technology in the form of smart contracts could be useful in billing, processing transactions and handling facilities management. Finally, microtransit systems are seen as better mobility options, particularly for aging residents and those with disabilities.

 

https://www.smartcitiesdive.com/news/6-trends-that-will-define-smart-cities-in-2018/513889/


 

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Neurotechnology: Brain-Computer Interfaces (BCI)

Brain-computer interfaces (BCI) could make human smarter, improve memory and help with decision-making in the future. It could be a fundamental tool for human to further enhance. Projects from Musk's Neuralink, Zuckerberg's Facebook, DARPA and universities are all working on the researches of the subject.

 

https://www.theguardian.com/technology/2018/jan/01/elon-musk-neurotechnology-human-enhancement-brain-computer-interfaces?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+main+NEW+H+categories&utm_term=258889&subid=24559265&CMP=EMCNEWEML6619I2

 

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2018: The Best-ever Year For GreenTech

Green buyers can expect something new in EVs, clean home power and battery storage backup in 2018. Under the Paris climate agreement, governments worldwide (except US maybe) make their own roadmap for deploying more clean energy like wind and solar. Car-makers will launch models of more efficient electric, hydrogen and hybrid vehicles. 

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Smart Living: Connected Intelligent Streetlights

Dutch city Helmond adopted the intelligent street lighting technology using streetlight sensors and wireless controllers from Tvilight. Motion-based intelligent street lighting and connected lighting are employed with an aim to make the streets safer, cut energy use and optimize maintenance. As a result, the city has cut the energy use up to 70% and improves the maintenance efficiency up to 50%.

 

https://www.tvilight.com/wp-content/uploads/2017/07/Reference-Project_Helmond_2017_v1.0.pdf

https://smartcitiesworld.net/news/dutch-city-deploys-light-on-demand-2384

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Smart Economy: Smart Cities Under Development

“Smart city technology, a combination of Internet of Things connectivity and massive technological integration at the metro level, has long been a buzzy phrase for planners and designers looking to make cities smarter, more efficient, and more sustainable…..”

 

https://www.curbed.com/2017/11/17/16670378/smart-city-sidewalk-labs-bill-gates-elon-musk

https://www.finextra.com/pressarticle/71806/moscow-to-pilot-blockchain-platform-for-e-voting

https://www.siliconrepublic.com/enterprise/moscow-blockchain-e-voting

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Smart Economy: Blockchain in telecoms

Blockchain technology is known for its benefits of trust and transparency, incorruptible data and failsafe. The telco industry can apply it in the areas of fraud management, IoT/M2M connectivity and Identity and data management e.g. eSIM. Telcos can also consider providing services like mobile money, public utilities authentication or global and country-specific registries. For telco industry, blockchain is also relevant in 5G, self-executing ‘smart contracts’, micro payment based digital asset transactions, as well as OSS and BSS processes.

 

https://www2.deloitte.com/content/dam/Deloitte/za/Documents/technology-media-telecommunications/za_TMT_Blockchain_TelCo.pdf

https://www.telecomstechnews.com/news/2017/nov/17/blockchain-telecoms-it-still-all-hype-or-are-we-moving-towards-reality/

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Smart Mobility: A high-speed tube train network by startup

Arrivo, a LA-based startup, has partnered with Colorado Department of Transportation and US’ major highways E-470 to build the Hyperloop in the region in 2019. The proposed regional network uses sleds to carry cars on the autonomous lane up to 200 mph. It is a lower-cost, lower speed regional tube train version to the Elon Musk’s concept of Hyperloop. The average freeway load hopes to boost up to 20,000 from 2000-3000 vehicles per hour.

 

http://fortune.com/2017/11/14/hyperloop-denver-brogan-bambrogan/?iid=leftrail

https://www.forbes.com/sites/alanohnsman/2017/11/14/hyperloop-startup-arrivo-has-plans-for-high-speed-colorado-tube-train-network/#689114d444d8

https://smartcitynews.global/arrivo-speeds-up-colorado-drivers-with-system-similar-to-hyperloop/

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Geolocated Social Media Data

An Oxford Internet Institute’s research found the social media data can be used to estimate the local commuting patterns. It concludes that heuristics applied to geolocated Twitter data offer a good proxy for local commuting patterns. And more importantly, the results are not particularly sensitive to demographic characteristics.

 

http://smartcities.oii.ox.ac.uk/2017/10/25/estimating-local-commuting-patterns-from-geolocated-twitter-data/

https://epjdatascience.springeropen.com/articles/10.1140/epjds/s13688-017-0120-x

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Smart Economy: Public-Private Partnership for Smart City Project at Toronto’s Waterfront

An ambitious and bold initiative that allows Google to build a smart city from scratch on the 800 acres' land set aside by the city of Toronto. This private-public approach is innovative for a city or district to go “smart.” This is definitely a key development of an idealistic smart city to watch.

 

https://techcrunch.com/2017/10/17/alphabets-sidewalk-labs-to-turn-toronto-area-into-a-model-smart-city/

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Smart Economy: PropTech Investment

Global Proptech financing in 2017 is estimated to be US$3 billion, with growth rate of 36%. Five startups are highlighted in the coming 2018, including No Agent, Clixfix, Reposit, Seeable and Pavegen. No Agent builds an end-to-end digital property management platform for rental properties. Clixfix's SaaS platform help housebuilders to track defects and repairs, as well as manage their customer care operations. Reposit offers an alternative to the tenancy deposit for tenants in moving property in the UK. Seeable has created an AR/VR building visualization app and Pavegen produces innovative flooring that can generates renewable electricity.

 

https://www.forbes.com/sites/paularmstrongtech/2017/10/18/5-emerging-proptech-startups-you-need-to-watch-in-2018/#436695a24494

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Smart Economy: Internet of Things (IoT) Forecast

IDC forecast of the worldwide spending on Internet of Things (IoT) is US$772b in 2018. IoT hardware (US$239b) is the largest technology category, followed by services, software and connectivity. Software and services will be the fastest growing technology segments with five-year CAGRs (Compound Annual Growth Rate) of 16.1% and 15.1% respectively for the period 2017-2021, representing more than 55% of spending on IoT project by 2021. Consumer, now the fourth largest industry segment, shall be the fastest growing one with an overall CAGR of 21.0% due to the strong growth in smart appliances. Top 4 countries of IoT spending in 2018 are China (US$209b), US (US$194b), Japan (US$68b) and Korea (US$29b). And IDC predicts Latin America be the fastest growing area with a five-year CAGR of 28.3%.

https://www.idc.com/getdoc.jsp?containerId=prUS43295217

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Smart Government: Smart Cities Challenge

Canada’s Prime Minister recently said its government is prioritizing investments in quantum, AI and robotics with an aim to increase innovation. Canada's minister of infrastructure and communities then announced the Smart Cities Challenge. It is a pan-Canadian competition open to communities of all sizes to develop smart city ideas and initiatives that will improve citizens' quality of life "through innovation, data and connected technology." The challenge is part of the Impact Canada Initiative — announced in Budget 2017 — which is intended to promote innovative government funding. Through this budget, Infrastructure Canada will contribute $300 million in smart city funding over 11 years.

http://www.infrastructure.gc.ca/plan/cities-villes-eng.html

https://www.smartcitiesdive.com/news/government-of-canada-launches-smart-cities-challenge/511698/

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Smart People: Citizen-Driven Smart Cities

Smart city research and planning is often driven by technology rather than by the citizens’ need. Smart cities can be improved by redesigning the citizen experience and by encouraging citizen participation.  And the primary research determined a smart citizen has three quintessential needs: higher levels of connectivity, greater convenience and better modes of daily commute.

https://www.huffingtonpost.com/entry/designing-the-smart-city_us_5a1ae0afe4b0250a107c0035

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Smart Government: Smart Procurement for Smart Cities

City officials have to consider setting the right interim goals and considering funding options while facing the procurement challenges, according to the chief technology officer of New York who is responsible to build an affordable high-performing broadband for the city by 2025. He emphasizes on ensuring the interoperability of different smart systems and accordingly a smarter and seamless user experience to the citizens.

http://www.governing.com/commentary/col-smart-procurement-cities-digital-infrastructure.html

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Smart Economy: AI In Financial Services

Artificial Intelligence is helping bankers to analyse their employees’ communications for better customer service and sales opportunities. Citigroup has invested in UK tech startup, Behavox, which technology uses natural language processing to convert voice to text and then applies sentiment analysis. This technology helps not only compliance application of spotting wrongdoing but also identifying sales chances. Banks also use services from startup such as Digital Reasoning. Its algorithm identifies sales opportunity by searching clients asking lots of questions, spotting traders client repeatedly interest etc.

https://www.uktech.news/news/investment-news/uk-ai-startup-behavox-lands-investment-citigroup-20171114

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Smart Economy : Fintech startups put banks under pressure?

UK fintech startups are competing with high-street banks in the areas of payments and lending. TransferWise has made a US$280m fundraising record for a UK fintech to finance its cross-border payment services. And Funding Circle has surpassed major high-street banks in net new lending to UK small business for the first time. It believes they have acquired 40-50% market share in this sector.

https://www.finder.com/uk/uk-fintechs-take-record-setting-market-share-from-dominant-high-street-banks

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Smart Environment: Sponge Cities: Solutions to urban flooding & urban heat island

The area of Rummelsburg, east of Berlin was built as a Sponge City which tackles heat and flooding issues of modern city by imitating nature. Buildings are wrapped in green walls, roofs, and terraces with tranches of soil. Green roofs can keep rain from reaching the ground and overwhelming sewer or drainage systems. Water can be used to keep green spaces verdant, provide an outdoor area for the people who live and work in the buildings, and even be used to grow food. Swales, permeable spaces between sidewalks, roads or other paved surfaces, can absorb runoff. When it filled with water-loving plants, the water can be utilized by the plants that live in the swales.

http://www.citymetric.com/fabric/berlin-offers-model-how-cities-can-cope-increasingly-regular-extreme-floods-3355

http://waterbucket.ca/rm/2017/08/22/towards-a-water-resilient-future-video-released-by-the-senate-of-berlin-in-august-2017-the-plan-step-klima-konkret-seeks-to-mimic-nature-and-tackle-extreme-conditions-by-making-b/

https://www.mnn.com/your-home/remodeling-design/blogs/sponge-cities-are-solution-urban-flooding

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Smart Economy: Smart City Market

The smart city market is fragmented according to a latest research. It appears in the type of projects developed, in the technology, in the ecosystem, and in the solutions.  Few technologies shall prevail in the long run after a long shakeout process. Business models that leverage a broader ecosystem are likely to promise long-term project sustainability.  It is advised companies and cities involved should focus on fundamental issues and on long term results. The smart city device shipments are expected to increase from US$202m in 2017 to US$1.4b in 2026. Growth potential is in vertical applications related to physical infrastructure and mobility, contributing 65% and 22% of the 2026 shipments forecast. The market sizes for Asia Pacific, North America and Europe are US$700m, US$400m and US$200m respectively.

 

http://iiot-world.com/smart-cities/smart-city-market-is-growing-but-fragmentation-defines-its-current-state/

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Smart Economy: Rise of Humanoid Robots

The humanoid robot market will grow from US$320.3m to US$3.9b in 2023. Major potential applications are in education and retail sectors in which customer services are required.  Robots as advanced artificial intelligence systems are also expected to be used in the future logistics and medicine sectors. APAC is predicted as the fastest growing region due to the also fastest growing elderly population in countries like China and Japan. Humanoids for personal assistance and caregiving will likely be employed.

 

https://futurism.com/market-humanoid-robots-grow-ten-times-2023/

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Smart Government: Facial Recognition Technology

While smart city efforts promise cleaner, safer, more sustainable and efficient cities, ethicists have a different concern on citizens’ privacy. Smart cities reply primarily on two types of information: aggregated and real-time data. The former is effectively anonymized, but the latter focuses on individuals. Through the smart city programmes, a few companies or public institution may know a lot about individuals. There is risk of selling information or allowing hackers to gain access to information. It is believed a more transparent and flexible “data contract” between individuals, companies, and governments is the best strategy for future smart city. Indeed EU shall implement General Data Protection Regulation (GDPR) in 2018. With respect to fighting hacking, ‘white hat’ hacking is still believed as the best tool for smart city. However there are still concern of government using data against political dissidents. Singapore for instance has promised her citizens that under her Smart Nation Plan, (i) only ‘anonymized traffic data will be collected and aggregated’ from the toll roads, (ii) independent security consultant will be engaged to test the system for weakness, and (iii) building “an open-source society with high levels of trust, transparency and openness”

 

https://futurism.com/privacy-smart-cities/

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Smart Government: Facial Recognition Technology

Investors are pouring money into start up technology firms that specialize in facial recognition software amid China’s plans to build a ubiquitous CCTV surveillance network. Startup tech firms SenseTime, Face++ and DeepGlint are attracting overseas business funding or China's national venture capital fund. China's video surveillance market (US$6.4b) is the largest in the world and is expected to grow by 12.4% annually through 2021.

https://www.reuters.com/article/us-china-facialrecognition-analysis/backing-big-brother-chinese-facial-recognition-firms-appeal-to-funds-idUSKBN1DD00A

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Smart Environment: Sponge Cities Initiative in China

Climate change worsens the flooding issue in China. The government is building 30 "Sponge Cities", including Shanghai, Wuhan, and Xiamen to absorb water, with the aim to achieve 80% of urban areas in China will reuse at least 70% of the rainwater by 2020. These projects are jointly funded by central government (15-20%), local governments and private investors. Lingang, as largest planned sponge city in china, has begun planting on rooftops, building wetlands and laying down permeable roads.

 

https://futurism.com/china-sponge-cities-climate-change/

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Smart Economy: Worldwide Collaboration – HK and Malaysia

A Memorandum of Understanding (MoU) was signed on Nov 2017 between the Iskandar Regional Development Authority (IRDA) of Malaysia and Smart City Consortium of Hong Kong (SCCHK), with an aim to link Malaysia with innovative businesses and smart city projects in international markets. The MoU was in line with Iskandar Malaysia’s Intelligent Urban Framework and its smart city transformation in accordance with the Second Iskandar Malaysia’s Comprehensive Development Plan. It shall enable new economy start-ups to cooperate in smart city platform, nurture local talents and entrepreneurs, share smart city technology and match international smart projects between Malaysia and Hong Kong.

 

http://www.themalaymailonline.com/money/article/iskandar-regional-development-authority-and-hong-kong-firm-ink-smart-city-d#qQlPes6YMdX3xcGL.97

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Smart People: The Nordic Tech Scene

The Nordic countries produced half of all billion-dollar exits in Europe between 2005 and 2015. And its tech centre Stockholm has the highest share of unicorns per capita after Silicon Valley. After tracking 80 of most well-funded Nordic tech companies, a study has identified the key factor called the founders ‘DNA’ – the ripple effects of the founders whether it’s going on to start new companies, inspiring key employees to set up their own, or spreading their knowledge and wealth through new VC funds.

 

http://nordic.businessinsider.com/the-nordic-tech-scene-is-kicking-butt-right-now--and-this-could-be-the-best-explanation-of-all-2017-11/

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Smart Government: Smart Dubai

Dubai recently launched two digital initiatives, namely Dubai Internet of Things (IoT) Strategy and the Digital Wealth to safeguard Dubai’s digital assets and support paperless government by the year 2021. Dubai IoT Strategy aims to build an advanced IoT ecosystem (e.g. a network of physical devices like cameras) while Digital Wealth to issue Dubai Digital Certificates to government and private entities. Dubai IoT Strategy aims to unify the data sources and integrate into the central Dubai Pulse platform, which is an important asset for a smart city to deploy advanced technologies and smart solutions. The first technical project, Dubai Crowd, of the IoT Strategy was also launched to manage and organize crowds in the emirate during peak seasons to ensure safety and security.

http://www.itp.net/615444-dubai-announces-strategies-for-iot-and-digital-wealth

http://smartcitiesassociation.org/index.php/media-corner/news/117-dubai-digital-wealth-and-iot-strategy

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Smart People: Playable Cities – play together, stay together

Another consideration to design a smart city other than efficiency and resilience is: human needs to PLAY. Play is not only fundamental to learning, it also creates social bonds, connection and community. Technology has enabled urban play to introduce new modes of engagement such as video games and augmented reality. Playable cities appropriate smart cities infrastructure to engage people with their city and with one another. This provides a new creative platform for artists and designers in the areas of urban design, public art and game development.

https://theconversation.com/bringing-back-an-old-idea-for-smart-cities-playing-on-the-street-85756

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Smart Mobility: Responsive Road Surfaces – Make The Crossings Safer

Imagine the road markings and colour react and change dynamically in real-time to different traffic conditions, at different times of day. Architectural firm Umbrellium in the UK has created a responsive road surface that puts people first. By installing cameras, sensors and LED to the entire road surface and a neural network framework, the patterns, layout, configuration, size and orientation of the crossing area can be modified. To speed the development process, the code behind the project is indeed being made open source.

http://umbrellium.co.uk/initiatives/starling-crossing/

http://www.wired.co.uk/article/digital-pedestrian-crossing-technology-machine-learning-safety
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Smart Environment: Smart Technology will win the water battle

Two-third of the world’s population will have minimal access to water by 2025 according to United Nation. Many countries are looking into smart water technology to fight the global water crisis. Israel holds expertise in waste-water desalination. Saudi Arabia has the largest solar based desalination plant. USA has the world most sophisticated desalination plant in California. UK developed the best smart water metering technology. And Greece, taking advantage of its geographical advantage, has constructed its geothermal desalination plant in the Island of Milos. Securing a safe and clean water supply in the long run is crucial to smart city design, innovations in water technology (such as adaptive and connected water distribution network) shall contribute to the winning of this water battle.


http://www.smartcity.press/innovations-in-smart-water-technology-to-fight-water-crisis/

http://www.globalopportunitynetwork.org/report-2017/smart-water-tech/

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Smart City 3.0

“I believe a blend of Smart Cities 2.0 and Smart Cities 3.0 probably represent the best chance for the future…..cities need to continue to embrace the innovative capacity of their residents who are able to detect needs before the city administrators can, and who can collaboratively work to fix the problems and improve the city with rapid, cost-effective innovations. Cities must move from treating citizens as recipients of services, or even customers, to participants in the co-creation of improved quality of life.”

BY BOYD COHEN

About LinkedSmart

LinkedSmart, an International Business Matching Platform of Smart City is developed by Smart City Consortium (SCC) together with Smart City Development Alliance (SCDA) and Guangdong-Hong Kong Macao-Bay Area Economic And Trade Association (GHKM BA).