Oliver Tian,president of the Singapore Industrial Automation Association, at the launch event of the inaugural Internet of Things Asia 2014 (IoT Asia) Exhibition and Conference today at Fusionopolis.
Singapore will be the first in the region to host an event focusing on Internet of Things (IoT) and Machine-to-Machine (M2M) communications, announced Singex Group and the Singapore Industrial Automation Association at the launch event today.
Supported by the Infocomm Development Authority of Singapore, the Internet of Things Asia event will take place on 21 and 22 April 2014 at the Singapore EXPO Convention & Exhibition Centre.
The event will comprise a trade exhibition, conference and business forums showcasing how IoT and M2M can help organisations increase their employees' productivity and efficiency.
Oliver Tian, president of the Singapore Industrial Automation Association, said that Internet of Things Asia will serve as a platform for key players in the IoT and M2M fields to "share best practices to accelerate adoption" by others.
Is Asia ready for IoT?
Based on IDA Statistics on Telecom Services (Jul-Dec), there is a rapid growth of mobile data penetration numbers today as the cost of mobile data connectivity sees a steady decline.
As this growth drives the development of mobile infrastructure, IoT and M2M technologies stand to gain as they leverage on that infrastructure. The cost to adopt the two technologies is reduced too due to the "technological advancement and resource-sharing facilities," said Satish Lele, vice president for Asia Pacific at Frost & Sullivan.
As of today, there are already instances of companies leveraging on IoT technologies.
FOSTA Pte Ltd, a company providing high tech fibre optic sensing instrumentation and monitoring for the construction industry, is one such example. The company used IoT technology to remotely collect data from their noise recorders placed at the different clients' construction sites in a real-time manner.
This saved its employees from the hassle of manually collecting the data, thereby increasing their productivity. Besides that, it also enabled FOSTA to immediately notify its customers if their construction sites are exceeding the permitted noise level so that they can quickly rectify the situation.
"[The IoT industry] has the potential to grow exponentially across various verticals, with logistics, retail and healthcare leading the way," said Lele.
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