Proving the Business Case for the Internet of Things

Partnership aims to boost IoT-based healthcare in Singapore

Steve Rogerson
December 1, 2014
 
 
NEC and the Singapore Economic Development Board (EDB) are to collaborate to resolve healthcare issues, including developing elderly related systems that will improve the efficiency of healthcare operations.

With Singapore estimated to have an elderly population (over 65 years old) of 11% by 2050, the demand for healthcare services for the elderly is on the rise.

This is part of memorandum of understanding (MoU) to research and collaborate in areas that are essential to the realisation of a safe, secure and efficient society, including cyber security, smart energy, healthcare and the internet of things (IoT).

The partnership aims to promote and drive economic growth in the industry through NEC-driven IT products, talent development programmes and research collaboration within Singapore.

"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, managing director of the 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."

In separate efforts, collaboration with EDB in the areas of cyber security focuses on talent development to promote security capability in Singapore and the region. In the area of smart energy, the partnership will focus on energy management and control, smart grid, energy storage and renewable energy integration.

The collaboration will see NEC developing an IoT business platform that will benefit businesses across industries as well as create new capabilities and business opportunities.
Going forward, NEC and EDB are considering cooperation in additional areas that could include software-defined networking, satellite technologies, retail and leadership development.

"NEC recently adopted a new brand message of orchestrating a brighter world, representing the company's efforts to ensure the safety, security, efficiency and equality of society,” said Nobuhiro Endo, NEC president. “Our collaboration with the EDB embodies this vision and enables NEC to capitalise on its achievements and ensure that Singapore continues to thrive as a scientific, economic and social centre. With Singapore's position as a regional hub for technology and business within Asia Pacific, the partnership will create new opportunities for research and growth in Singapore and the region."