Hong Kong recently announced that it will be conducting four trials of smart city initiatives this year, according to ReadWrite.
The autonomous territory will be testing the initiatives in the Kowloon East area.
Hong Kong will conduct a total of four trials with the goal of determining how practical they are to implement later on. The solutions include a mobile application that will help pedestrians walking in the Kowloon East area of the territory. Eventually Hong Kong plans to integrate the application with pedestrian traffic as well as indoor and outdoor GPS.
Officials also plan to release a smart parking app that assists drivers in locating empty parking spots, an application the city could eventually utilize in autonomous cars so that they can also find parking spots easily. Hong Kong has already implemented a traffic control center that monitors traffic levels in areas and adjusts traffic light timing accordingly.
Hong Kong has not traditionally been at the forefront of smart city adoption but could be looking to catch up to early adopters if these trials are successful and economical. In a recent report, BI Intelligence identified Europe as the leading region in the adoption of smart city initiatives. If Hong Kong is able to successfully test and then scale up these initiatives, it could eventually catch up to other areas of the world and serve as another example of the boons from integrating smart city solutions.
Smart cities are cities that leverage IoT devices like sensors, smart lights, and smart meters to gather data that can be analyzed to gain new insights regarding their infrastructure, population, and public services.
Few cities around the world have actually grown into truly “smart” cities — most are still in the early phases of implementing some of these IoT devices, and have yet to data processing and analysis tools that can turn vast troves of data from millions of devices into a real-time view of a city’s activity and operations.
The smart cities segment has enormous potential as a market for IoT solutions, but it is also an inherently slow-moving market. Smart cities development faces many barriers around the world including tight municipal budgets, sluggish technology procurement guidelines for public agencies, privacy and cybersecurity concerns, and a pressing need for more IT staff at municipal agencies. Taking the time to deploy new, futuristic technologies can also be a luxury that many municipal agencies charged with the day-to-day running of a metropolis can’t afford.
However, many cities are starting to address these challenges, and smart city development around the world is accelerating.
BI Intelligence, Business Insider’s premium research service, has compiled a detailed report on smart cities that contrasts the development of smart cities in different regions of the world. It examines the unique factors that are driving the growth of smart cities in different parts of the world. It also identifies important barriers that still need to be overcome in different markets. Furthermore, the report details some of the most common types of smart city projects in different regions, such as smart parking and transportation, smart energy and sustainability projects, and smart public safety initiatives. Finally, it delves into some examples of these projects.
Here are some key points from the report:
- Smart cities projects around the world are being shaped by local and regional socio-economic needs. This has led cities in different parts of the world to use similar IoT technologies for a wide array of different use cases.
- In the EU, environmental sustainability goals are driving cities to rapidly implement IoT technologies in an effort to reduce fossil fuel emissions.
- Cities in Central and South America are using sensors and other smart cities solutions to reduce road congestion and make their infrastructure more reliable in the face of extreme weather events like hurricanes and tropical storms.
- North American cities lag behind their EU counterparts in implementing smart cities solutions because of resource constraints, but are also finding ways to use IoT technologies to do more with less.
- Although smart city development in Africa is extremely nascent, new networking technologies like Low Power Wide Area Networks and the next-generation 5G networks will help provide the connectivity to get more smart cities projects off the ground on the continent.
- Asian countries are set to become the market leaders in smart city adoption, but still face challenges in training the IT talent to help municipal authorities manage smart cities projects.
In full, the report:
- Details the different types of smart cities technologies and applications that have become most prevalent in different markets around the world.
- Provides examples of some of the top smart city projects in different regions that address transportation, energy, crime, and other issues.
- Explains how unique social, political, and economic factors are impacting smart city development in different regions.
- Details factors that could help jumpstart smart city development in the Americas, Africa, and other parts of the world that have lagged behind comparable markets.
- Explains the unique barriers to smart city development in different parts of the world, such as data privacy concerns in Europe and lack of support from the federal government in the US.
Interested in getting the full report? Here are two ways to access it:
- Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you’ll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. » START A MEMBERSHIP
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