Chordant report tots up cost-saving opportunity from smart city tech

Chordant report tots up cost-saving opportunity from smart city tech

Governments, businesses and citizens could save over $ 5 trillion every year with help of smart city tech, claims Chordant report.

Smart city technologies could save enterprises, governments and citizens globally over US$ 5 trillion annually by 2022, according to new research published by Chordant, a newly launched business unit focusing on smart city developments and part of mobile technologies specialist Interdigital.

With higher concentrations of people and businesses located in urban areas, smart city and IoT technology will help cities get better use from existing assets, operate more efficiently and create more sustainable environments, says the report, Smart Cities and Cost Savings.

But IoT and smart technologies can only work, it warns, where a “holistic approach” is taken to collecting data from sensors, sharing it and analysing it effectively.

Read more: Analysis: Connected streetlights illuminate path to smart cities

Economic analysis

The report, which was conducted on Chordant/InterDigital’s behalf by market analyst firm ABI Research, goes on to consider the aggregated absolute cost-savings potential in a smart city of 10 million inhabitants over the next five years. These sums, apparently, are based on the yearly savings already achievable for 75 of the world’s cities with a total urban population of more than 5 million. The report claims that:

  • Governments could save as much as $ 4.95 billion annually, with street lighting and smart buildings representing two areas with the biggest potential to yield savings. Smart street lights alone might be expected to cut repair and maintenance costs by 30 percent, the report says.
  • Businesses operating in smart cities could save $ 14 billion in areas such as freight transportation, by using more energy-efficient transport options including drones, robots or driverless vans and trucks, and through operating smart manufacturing plants.
  • Citizens could achieve savings of up to $ 26.7 billion per year in areas such as utility bills, through the deployment of smart meters and microgrids, and in education with the development of a hybrid education system that mixes online learning with physical classrooms.

Read more: Juniper Research names UK’s top ten smart cities

Much to think about

Internet of Business spoke to Jim Nolan, executive vice president at Chordant about the findings. The potential for cities to save money looks great, we said, but what steps should municipal authorities be taking today to be more sure of reaping those rewards by 2020?

“Key steps would include thinking through their smart city strategy before committing to proof of concept projects [PoCs] with a focus on aggregation of data,” he said. “Most cities, towns, and regions already have significant data sources that are not leveraged or are siloed. Currently, many single function PoCs, [such as] smart garbage bins, smart lighting, environmental sensors and so on, don’t create lasting value as they don’t offer a large, aggregated suite of data sets that can be used to create solutions that save capex, opex and improve the quality of life of citizens – for example, by reducing congestion or environmental impact.”

If cities create multiple, single-focus PoCs with no ability to federate data, he added, these gains will be lost. But, he added, the smart city opportunity isn’t confined to sprawling urban conurbations. Small cities, towns, even villages, he said, can benefit, too, because “the ability to leverage aggregated data doesn’t end at local regional boundaries and integration across towns to broader regional areas creates additional value.”

Read more: Cisco announces $ 1 billion smart cities fund

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Making Las Vegas a Smart City

This week on The Internet of Things Podcast, host Stacey Higginbotham speaks with Michael Sherwood, Director of Technology and Innovation City of Las Vegas, about plans for a traffic light that detects pollution and can send cars along before it builds up, and what it really means to build a smart city. Sherwood shares a lot of good insights about the challenges of building a smart city that we don’t often see.

Also, co-host Kevin Tofel reviews the Wink Lookout security bundle. Plus: Google’s new AI framework for embedded devices, the push by smart home and lock companies to give delivery or service people access to your home, and SmartThings gets local control for some devices this week.

Listen here:

Stacey on IoT | Internet of Things news and analysis

Cisco announces $1 Billion ‘City Infrastructure Financing Acceleration Program’

At the recently held Smart City Expo World Congress, Cisco announced added functionality to its newly renamed connected digital platform, Cisco Kinetic for Cities. It integrates with the Cisco Kinetic IoT data platform.

The new features provide enhanced support for public safety. From the new full-policy automation options to an improved dashboard with integrated video, updates to the platform put citizen safety first. Real-time notification of emergency information now draws on additional IoT data sources and Cisco Spark Collaboration.

To help cities get smarter, Cisco has introduced the City Infrastructure Financing Acceleration Program. This $ 1 billion program will enable cities around the world to fund and adopt technologies that will transform their communities.

The funding will be provided through Cisco Capital in partnership with private equity firm Digital Alpha Advisors. The pension fund investors, APG Asset Management (APG) and Whitehelm Capital are also the partners. Cisco and its partners will bring the capital and expertise it takes to make smart city projects a reality.

From energy usage to boosting public transportation ridership to traffic management, the program will help cities with solutions.   Read more…

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Rongwen and Silver Spring Networks Connect Smart Lighting in China’s Third Largest City

Rongwen and Silver Spring Networks Connect Smart Lighting in China’s Third Largest City

Rongwen and Silver Spring Networks Connect Smart Lighting in China’s Third Largest City

Delivers One of China’s Major Smart City Projects Using Standards-Based RF Mesh and IPv6 Technology in Guangzhou to Help Reduce Energy Consumption.

Today, Guangdong Rongwen Energy Technology Group (Rongwen) and Silver Spring Networks, Inc. announced their selection to connect smart LED street lights in Guangzhou, China.

Through its go-to-market partnership with Rongwen, one of the largest smart LED street light providers and operators in China, Silver Spring is planning to network more than 30,000 LED street lights in Guangzhou.

According to Rongwen, its efficient and patented LED street lights and outdoor lighting controls, combined with Silver Spring’s StreetLight.Vision (SLV) Central Management System (CMS), will increase the city’s energy savings by more than 70%. The project is China’s first smart city project using Silver Spring’s secure, reliable, IPv6 platform and Wi-SUN® standards-based mesh technology, built on the IEEE 802.15.4g specification.

Guangzhou, which is China’s third largest economic hub and a major foreign trade port, has committed to reducing its carbon emissions up to 45% by the end of the decade.

Zhixiong Lee, General Manager of Rongwen, said:

“Rongwen is using Silver Spring’s pioneering smart city platform to provide seamless IoT connectivity to more efficiently operate existing city-wide resources to achieve immediate cost savings and speed time to value for smart city initiatives.”

“As one of the early movers in smart street lighting system integration, Rongwen is the first company in China that adapts and deploys internationally recognized smart city technologies. We believe that the scalability and sustainability of this system will allow cities such as Guangzhou to grow their network to millions of devices in the future.”

“Guangzhou is an example of a major hub deploying an IoT network to drive sustainability, create resource efficiency and build a more livable city, which in turn draws in new investments. We are thrilled to connect smart city devices in our first project in China, as Rongwen deploys our standards-based platform to connect street lights and establish a foundation for additional smart city services for the Guangzhou Development Zone,” said Jeff Ross, VP of Channels, Silver Spring Networks.

“By working with our partners, we continue to evolve our standards-based platform’s capabilities, in an effort to address our cities’ biggest challenges, such as traffic congestion, pollution and public safety.”

Accelerating Delivery of Proven Smart City Technology with Rongwen D-ONE

To further accelerate the delivery of Silver Spring’s IPv6 platform and solution to the growing smart city industry, today Rongwen and Silver Spring also announced the availability of the Rongwen D-ONE Wireless Outdoor Lighting Controller. The D-ONE integrates Silver Spring’s network interface cards (NICs) into Rongwen’s outdoor lighting controller to help monitor and control the brightness of the lights based on pedestrian and vehicular traffic, time of day and weather. The D-ONE utilizes a standardized 7-Pin NEMA Socket and collects a variety of energy usage information including voltage, current, lamp burning hours, and temperature. The D-ONE also integrates with SLV for seamless configuration, monitoring and real-time control.

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IoT Business News

Deploy360 at IETF 100, Day 5: Zaìjiàn from the Lion City

There’s a couple of sessions of interest on the last day of IETF 100 before we wrap up for the week. Friday is only a half-day, but still manages to fit in sessions on human rights considerations and encryption. Human rights is not a topic that Deploy360 typically covers, but we have been increasingly asked to discuss the IRTF initiative on Human Rights Protocols Considerations. (There’s also a recent IETF Journal article on Human Rights Protocol Considerations.)

HRPC is researching the human rights threats on the Internet, whether standards and protocols can enable or threaten these, and is developing recommendations on developing Internet protocols around this. It recently published RFC 8080 outlining human rights threats on the Internet, and will be meeting at 09.30 SGT/UTC+8 to discuss three other drafts relating to Freedom of Association on the Internet, the Politics of Standards, and Unrequested Communications. There will also be a presentation on Chainiac: end-to-end software supply chain security and transparency, plus the next steps forward will be discussed.

NOTE: If you are unable to attend IETF 100 in person, there are multiple ways to participate remotely.

PERC is also meeting at the same time, and has three drafts up for discussion. Encrypted Key Transport (EKT) is an extension to DTLS and SRTP and enables decentralized conferences by distributing a common key to all of the conference endpoints. STRP Double Encryption Procedures allow an intermediary to be able to manipulate some RTP parameters, while still providing strong end-to-end security guarantees. The last of the three drafts describes a framework for ensuring that media confidentiality and integrity are maintained end-to-end within the context of a switched conferencing environment where media distributors are not trusted with the end-to-end media encryption keys.

So that brings the one hundredth meeting of the IETF to a close, and it’s goodbye from us in Singapore. Many thanks for reading along this week… please do read our other IETF 100-related posts … and we’ll see you at IETF 101 on 17-23 March 2018 in London, United Kingdom!

Relevant Working Groups

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