CFA Society Singapore
SINGAPORE (June 25): Organisations seeking to adopt Internet of Things (IoT) technologies to provide smart city applications such as public safety and security systems could soon get a boost.
ST Engineering Electronics and SP Group, together with their joint venture company Singapore Power Telecom (SP Telecom), today announced they are jointly pursuing a new trial for a pay-per-use IoT-as-a-Service (IoT-aaS) platform.
Offered on a subscription basis, the IoT-aaS will allow enterprises to move into the IoT space faster and more cost efficiently as they can save on set-up cost and select an IoT service that best matches their business needs.
On this platform, resources can be shared without costly investment on infrastructure, connectivity, data analytics and applications.
In addition, IoT partners can jointly build smart city applications like smart, energy-efficient, green buildings along with next-generation intelligent cloud network and multi-access edge computing infrastructure.
Deployment can range from public safety and security systems, transport, public amenities such as street lighting, energy and water resource management, lift monitoring to other facilities management services.
The IoT platform provides a unique advantage as a multi-protocol network solution. IoT partners can also leverage the secure network, thousands of SP Telecom hubs across the country and a multi-edge computing IoT platform to bring their services faster and closer to their customers.
Service is delivered through a centralised IoT platform with advanced data analytics to generate greater insights for predictive actions, thus improving business productivity and enhancing operational efficiency.
The platform is also built to optimise shared computing resources, while maintaining independent, secure operations and control for subscribers.
Instead of having to approach and negotiate with multiple facility owners and deploying over multiple locations, this creates an “Open IoT system” that operates as a hassle-free one-stop shop that is reliable and delivers end-to-end connectivity for seamless IoT deployment.
As at 12.21pm, shares of ST Engineering are trading flat at $3.35.