Proving the Business Case for the Internet of Things

NEC and Singapore to team up on smart energy, IoT research

Iain Morris
November 18, 2014

Japan’s NEC has signed an agreement with Singapore’s government to collaborate on research into various Internet of Things technologies in the fields of energy, healthcare and security.

The partnership between the Japanese technology company and the Singapore Economic Development Board (EDB) will see NEC (Tokyo, Japan) develop an Internet of Things business platform for organizations in various sectors.

The two players cite data from market-research company IDC indicating that the worldwide IoT market will be worth as much as $3.04 trillion in 2020, up from $1.3 trillion in 2013.

NEC says that its smart energy collaboration with the Singapore EDB will focus on energy management and control, smart grid technology, energy storage and renewable energy integration.

The two partners will also pool their efforts on developing healthcare technologies to improve the efficiency of healthcare operations as well as cyber security expertise to promote security capability in Singapore and the wider region.

NEC says it is also in discussions with Singapore about collaborating on other communications technologies, including software-defined networking and satellite systems.

“We are glad that NEC has chosen to orchestrate its growth in Asia by leveraging Singapore’s digital capabilities and test-bedding platforms,” said Yeoh Keat Chuan, the managing director of the Singapore EDB. “We believe that NEC’s plans are well-aligned with EDB’s vision for Singapore to be the digital innovation capital of Asia.”

“We encourage NEC to continue to tap on Singapore's sophisticated demand base to co-develop new products, solutions and services across different industries such as healthcare and retail,” he added.

NEC said it hoped its expertise would help Singapore to continue to “thrive” as a scientific, economic and social center.
 
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