In the 21st century, business has to be digital if it is to abide.
From direct-to-consumer ecommerce activity, to the vast amounts of data generated and waiting to be mined, digital tools must be wielded — not only for business to thrive, but simply to survive.
Enabled by IoT technologies, big data, and the cloud, the smart grids of tomorrow will, in effect, be capable of running themselves. They’ll gather massive amounts of data from smart sensors littered across every operational part of the grid — from transmission cables and transformers, to appliances in end-users businesses and homes — analyzing it all in order to make smarter, more informed decisions, big to small.
Digital transformation of the transport industry is well underway. And one of the ways that IoT technologies and big data analytics can come together is to provide smart parking solutions.
The aim of smart transportation is to improve convenience — in the hope that we can achieve safe, efficient, as well as enjoyable travel — and ensure smooth logistics.
With digital transformations well underway globally and across all industries - driven by ICT - the transportation industry in particular will witness explosive development over the next few years, having reached a turning point that will eventually define the overall success of its transformation.
Today, intelligentization is a recurring topic during discussions of technological development. Almost everything — from a humble street lamp to an entire city — is now seemingly empowered with intelligence.
We are in the midst of answering one of the most common questions I get asked — what makes a Smart City a success.
The concept of the Smart City has been discussed for more than a decade now, and both the promises and expectations have been high. Around the world thousands of cities – and their citizens – have been transforming the way that they work, with varying degrees of success. But what makes some cities successful and other cities not? Why are smart city projects so difficult to realize?. Let’s understand the main challenges that city governments are facing while deploying smart city projects.
Cities are complex ecosystems that are evolving fast and — like citizens — becoming increasingly digital. By 2025, the total number of global internet users is expected to reach 6.2 billion; the total number of connected devices is expected to surpass 100 billion by the same year.
As we continue to embed digital technologies in our work and in our homes at an unprecedented rate, the world economy stands at a new tipping point. According to market research firm IDC, by 2023 the global economy will reach digital supremacy — the point at which products and services provided by digitally transformed enterprises will account for more than half of total global GDP.