In Internet of Things, think small to go big
Solutions need to be designed to transmit small volumes of data in a highly efficient manner to reduce unnecessary costs on unused bandwidth.
IN TODAY'S data-driven world, enterprises are constantly looking for easier, faster, and more cost-effective ways to extract data from their business. They are often challenged by the broad scale of options available, the cost and complexity these choices present, and the ROI demands on connected solutions. The world is also entering a period of slow growth and in response to the corresponding pressure to reduce costs, companies are crying out for solutions that deliver more for less.
The emergence of Industry 4.0 technologies has lit a competitive fire under global markets as countries clamour to ensure their digital infrastructures are optimised to efficiently develop their own smart cities. In recent years, enterprises have been deploying IoT and cyber-physical systems such as smart sensors to collect valuable data-driven insights. Early data is suggesting value in how well they tackle issues such as scalability, security, and data quality, which are becoming the biggest competitive differentiators.
While governments and enterprises in the Asia Pacific are already contributing to almost 37 per cent of global IoT spending, bigger doesn't always mean better. This is especially so for developing countries which may not have the US$1.3 trillion required to invest in the infrastructure and physical networks that power IoT devices, as is seen in the case of 5G. So how can these countries start developing their smart city initiatives without spending big bucks?
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