Japan’s NTT Group announced that it will conduct one of the first Asian smart city proof of concept (PoC) in the Cyberjaya area of Malaysia. The POC will be carried out between February and March this year and in cooperation with local partners Cyberview and Allo. Cyberview will help in the implementation of the field test, stakeholder coordination and business model development, while Allo will provide the optical fiber needed by the infrastructure.
Additive manufacturing has the potential to create 3 to 4 million additional jobs in the 10 member countries of ASEAN by 2030 and reduce overall import for the region by $30 billion to $50 billion, according to the white paper, “Additive Manufacturing: Adding Up Growth Opportunities for Asean,” by thyssenkrupp. The white paper estimates that additive manufacturing will generate around $100 billion of incremental value by 2025. To tap this economic opportunity, thyssenkrupp established Additive Manufacturing TechCenter Hub in Singapore with supported from the Singapore Economic Development Board.
As the online grocery shopping becomes increasingly popular, the speed of fulfillment has become a highly competitive factor among the grocers. Walmart announced that it partners with Alert Innovation, a robotics engineering firm, to build semi-automated “micro-fulfillment center” alongside the Walmart store at Salem, New Hampshire. In this center, humans and robots (called Alphabots) work together to quickly pick and pack thousands of grocery items that were ordered online and pass them to shoppers waiting in their cars.
Cisco announced a new IIoT security platform designed to collect and extract data from the IoT edge. The security platform includes existing products, but also new software called Cisco Cyber Vision, a software-based security solution for automated discovery of industrial assets. The platform brings together Operational and Information Technology within security operations for threat intelligence and anomaly detection.
The automated building market for commercial building is not new concept, but traditionally it was applied in the area of heating, ventilation, and air conditioning (HVAC), lighting, access control, and fire and life safety. However, new applications are emerging in recent years in space management, environmental monitoring, and asset management. “Smart Buildings 2.0: Building Automation”, a new report by ABI Research, projects that these new solutions will create $2 billion in software and services revenues by 2026.
BIS Research released a new report “Global IoT Chip Market – Analysis and Forecast, 2019-2029”. According to the report, the global IoT chip market will grow from $9.4 billion in 2019 to $38.6 billion in 2029, or at a CAGR of 15.8% over the projected period. The rising adoption rate of IoT-based devices and decreasing cost of IoT sensors will drive the growth, according to the report.