“In the next decade, we can expect smart machines to enter offices, factories and homes in numbers we have never seen before. The adoption of IoT technologies will be a key component for smart nation services and enable the exploitation of technology and innovation to address challenges, such as the increased strain on healthcare facilities and resources, traffic planning and congestion prevention, with the aim of enhancing residents’ quality of life.” – Lee Chew Chiat
“Security in the new digital age will be best achieved by applying the same capabilities that allow machines to be intelligent and connected to ensure that machines stay protected and safe. The point is that innovation must be applied to security mechanisms in the same way it is applied to provide everyday life enhancements. We must evolve security measures to individual biometric markers that are not only more secure, but are also more convenient to consumers.” – Shamus Weiland
“At Gartner, we expect IoT to be the most game-changing IT initiative since cloud computing in terms of its impact on both business and enterprise IT. IoT will spur a new wave of IT systems to store and analyse the flood of data generated by thousands or millions of ‘things’. The unprecedented volume, velocity and variety of this data will force organisations to change their IT infrastructures and adopt new platforms, practices and mindsets.” – Anmol Singh
“I would expect the proliferation of IoT to deliver on convenience and resource-optimisation solutions. Commuting to work should be a breeze; I imagine not having to queue for my coffee. In the medium term, I hope the industry will address deeper social issues, such as ageing population, health and food nutrition. To me, if we can harness IoT to effectively improve lives, not just making things more efficient, then we will truly be a smart nation.” – Tan Teik Guan
WITH Singapore making progress on its journey to becoming a Smart Nation, The Business Times homes in on the Internet of Things (IoT), a technology to make the services associated with a smart nation – such as digital healthcare, smart energy and digital manufacturing – possible. An IoT network enables connected devices to communicate, send information and formulate actionable intelligence. Industry experts discuss the opportunities and the way forward for IoT in Singapore. Be low are excerpts:
The Business Times: The Internet of things (IoT) is the buzzword in the technology sector and research agencies have quoted huge numbers when discussing the market opportunities it represents. Do you think some of the buzz is just hype, or is IoT really transformational in scope?
Lee Chew Chiat: The buzz around IoT revolves around machine-to-machine communication, cloud computing, networks of data-gathering sensors, mobile and instantaneous connection. What people don’t realise is that IoT is already here. It is not just about machines being “smart”. It is about sensors that gather data. IoT comes together when you connect sensors and machines.
IoT has myriad applications in the public sector and has already proven to be transformational. Smart watches and Internet-enabled appliances aside, some of the most significant implementation of IoT-based systems within the manufacturing, logistics and healthcare sectors are already in place and transforming the world.
The value that IoT brings lies in the information it creates. It has powerful potential for boosting data analytics. Strategically deployed, data analytics can help organisations translate IoT’s digital data into meaningful insights that can go into developing new products, business models and better living for people.
That said, the challenge lies in limiting IoT to our existing operating environment and incorporating it into what we do to create insights and reduce variables for businesses.