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12 Ways Singapore Could Change Under the Smart Nation Program

Singapore’s Smart Nation initiative officially kicked off in late 2014.

Under the program, Singapore is looking to use technology to improve urban living. The key areas of focus include public transport networks, housing, security, government services, healthcare and more. The prospectus for NetLink NBN Trust’s recent initial public offering (IPO) contained a study from Media Partners Asia (MPA) that delved into the efforts being made. The study was commissioned by NetLink NBN Trust.

To help investors get a better understanding of the Smart Nation initiative, here are 12 areas that might change in the future:

For the first nine ways  – head here, here and here

10. Energy management

The prospectus highlighted the efforts at SP Power:

“SP Power has provided smart meters to 52,000 of its clients who use at least 2,000 kilowatt hours of electricity a month as part of a (pilot) programme launched in 2014. Smart meters allow SP Power to collect electricity consumption data remotely and eliminate the need for manual readings which require an SP Power officer to physically be at the clients’ location to check the meter.”

NetLink NBN Trust is not the only party that is looking to benefit from this trend. Singapore Technologies Engineering Ltd (SGX: S63) is looking to provide sensors to help various kinds of measurement while telco M1 Ltd (SGX: B2F) will be looking to provide connectivity for these meters.

11. Reduce, reuse, recycle

Over at the National Environmental Agency (NEA), MPA highlighted:

“System to provide interactive waste and energy management functionalities, such as tracking of waste collection.”

The NEA deals with the regulations of refuse collection and promotes recycling. The use of sensors to optimize the process of waste collection is another example of using technology to improve existing processes.

12. Smart buildings

Over at the Jurong Town Council, technology is also leveraged for building management:

“A combination of building management and advanced analytics developed from a collaboration between Accenture and JTC, it provides precise real-time data on building functions from air-conditioning to lighting and security, allowing JTC to operate more efficiently and spot anomalies based on sensors deployed on equipment.”

There are many ways that Singapore could change as the different initiatives take hold. The above is just a taste of what is possible and could evolve over time.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.