The venture will tackle the challenges of increased urbanisation and help China take a global lead in the market for smart city installations
Sensity Systems is partnering with the Chinese Academy of Sciences (CAS) to develop smart city solutions for China and worldwide to help tackle worsening air pollution and traffic congestion in its cities because of increased urbanisation.
CAS Smart City (a corporate enterprise formed by the CAS scientific think tank and the Internet of Things platform provider) has unveiled a green field joint venture which will be based in Nansha, a district of Guangzhou. It is expected to be operational in the third quarter of 2016.
As manufacturers and governments worldwide seek solutions to combat climate change, China is seeking to take a global lead in smart city installations. The country’s 13th Five Year Plan, which lays out the economic goals for 2016-2020, aims at reaching a 70 per cent rate of urbanisation by 2030. This means that 350 million people will be added to China’s urban population during that time. There are presently 654 cities in China, of which over 80 have over one million people.
This rapid urbanisation is creating socio-economic problems and worsening environmental issues like traffic congestion and pollution that is levying even greater costs on the environmental future of China and the rest of the world.
Data from the China Academy of ICT, linked to the Ministry of Industry and Information Technology, showed the previous five year plan had total investments in smart cities of up to $260bn. The goal was to support intelligent upgrading of public utilities and the implementation of smart grids, smart transport, smart water supplies, smart land administration and smart logistics.
The new five year plan has an even greater investment and focus on infrastructure upgrades that aims to improve both the country’s environment, as well as the efficiency of citizen services through smart technologies.
“In our increasingly interconnected world, actions of one country may impact other countries. We need a common platform and standards to allow applications and services to be leveraged to help solve city and environmental problems globally,” said Hugh Martin, chairman and CEO of Sensity.
“By forming a joint venture that can leverage the best of Sensity and CAS Smart City, along with application compatibility, we can both help accelerate the creation of an optimal smart city platform for China, and at the same time ensure a global marketplace for software application developers to help address common problems in a similar way.”
While the joint venture will work first on developing smart city solutions for China, as the joint venture platform will be application compatible with Sensity’s existing IoT platform, its products can also be sold globally under its existing platform program.