The Fourth Industrial Revolution is transforming the face of cities, and Asia is the epicentre of this global digital disruption.
Research shows that smarter cities could increase GDP per capita by as much as 21 per cent, and the strategic deployment of blockchain, artificial intelligence, the Internet of Things, and now the Artificial Intelligence of Things (AIoT), can enable businesses to achieve more efficient operations, improve human-machine interactions, enhance data management and analytics and create new business opportunities.
McKinsey estimates that smart solutions could generate economic value of up to US$70 billion in mobility and US$25 billion for the built environment in Southeast Asia alone. The total number of connected IoT devices are estimated to grow from about 9 billion in 2017 to more than 55 billion by 2025, while 58 per cent of Asia Pacific enterprises are either implementing or planning to implement IoT over the next 24 months.
With the launch of the ASEAN Smart Cities Network in 2018 and the adoption of smart technology now at a tipping point, businesses that learn to navigate the digital economy will stay ahead in the 21st Century. On 9 May 2019, Eco-Business will host a CEO roundtable titled ‘Digital disruption in the city’, which will convene high-level decision makers in business, science, policy and civic society to discuss the challenges and opportunities in digitalisation and its role in advancing the UN’s Sustainable Development Goal 11 – creating sustainable cities and communities.
This exclusive event will provide illuminating conversations and an honest exchange of views among C-level business leaders on how the Fourth Industrial Revolution has created ripples across industries. The real estate, infrastructure and transport sectors are now ripe for disruption, but are they prepared for it?
What are the specific pain points in their digitalisation journey and how can they respond to thrive in this new era to build safe, efficient, liveable and sustainable communities?