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United Nations’ report on population research states that around 54.5 percent of the global population was residing in the urban areas during 2016 and the number is expected to reach up to 60 percent by 2030. It is also predicted that the urban population may increase approximately by 1.84 percent per year between 2015 and 2020 and 1.63 percent per year between 2020 and 2025. Also, people from rural regions are shifting to cities in search for economic opportunities which is making global cities crowded and polluted. This rapid increase in the population of the urban areas has paved way for the emergence of improved infrastructures to provide a comfortable living to the city dwellers. Fusionex, a Singapore-based IT firm, assists developers, city councils, municipalities, and development authorities in urban planning and meeting the basic needs of city dwellers. The company provides the best-of-breed Big Data analytics (BDA) solutions for smart cities to meet and overcome all kinds of challenges that cities often face. According to Ivan Teh, the CEO and Managing Director of the company, developers, municipalities, and operators should assure that their services and the infrastructure built for the public are resilient to address all kinds of risks and uncertainties.
Role of Big Data and IoT in Building Smart Cities
The combined contribution of four interconnected networks, visibly, Internet of Things (IoT), Internet of Services (IoS), Internet of People (IoP) and Internet of Data (IoD) fuel the staggered data of the cities. By analyzing the huge quantities of information obtained from these networks, the city stakeholders deploy the predictive analytics in order to adjust the city’s infrastructure and resources to fulfil diverse needs of the citizens and businesses.
Fusionex’s core system offers connectivity and management of data to improve communication, planning, and transaction management across business operations, customers, and suppliers
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