Future City Internet of Things Readiness Index in Asia/Pacific (Excluding Japan)
The Future City Internet of Things (IoT) readiness index study offers a deep dive into cities in Asia/Pacific (excluding Japan) (APEJ) with respect to their potential for IoT solution deployments. The index is a comprehensive combination of technical metrics (such as Smart City, ICT, and IoT spend), economic criteria (gross domestic product and ease of doing business), and specific telecom parameters (data connectivity, mobile broadband consumption, and so forth). This research offers a perspective on the adoption of IoT solutions among developed and developing cities in the region."Singapore, Seoul, and Hong Kong are the top three IoT-ready cities among the developed countries in APEJ," shares Abhishek Mukherjee, senior market analyst, IDC Telecommunications and IoT practice. "Smart City initiatives, investment in cloud and IoT infrastructure, coupled with a healthy business environment, contribute to their favor. Although Shanghai, Beijing, and Shenzhen lead in IoT preparedness among developing countries owing to growing IoT, cloud, and Smart City spend, augmenting the scope of Smart City initiatives across new public service areas will further increase their spend toward IoT deployments.""While cities and ecosystem partners continue to invest in Smart City IoT projects, oftentimes a traditional siloed approach is employed in which the different departments internally tend to fund projects separately. These silo practices can hamper or skew the accuracy of analytics solutions deployed and are known to increase costs as spending on infrastructure and edge equipment, due to duplication of resources," shares Gerald Wang, Head of IDC Asia Pacific Public Sector for IDC Government Insights and IDC Health Insights. "Concerns around how to scale IoT initiatives beyond the pilot stage are common and cities are looking more to partnerships that offer trade-offs such as royalty-free solutions in exchange for running of city infrastructure operations, right-of-way access, or access to consumer data- all via formal PPP structures."
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